Member Info for Mikey279

But the risk reward is there isn't it.... 33% downside to the silly suppressed 20p price based on existing production... vs a 10+ bagger upside if the CPR confirms even a conservative amount of the 1.2 - 1.6bn barrels, all before drilling even starts.

On the SP mechanics side...we're at $88.3 WTI and still drifting, it's blindingly obvious the overhangs still at play - slowly but surely....

All IMO

Agreed....unless he's telling the truth and wanted to 'verify' it

Or maybe he did fall off his chair and took a while to get up

It's easy isn't it....CPR the monster find and a JV will fund it all or you raise at 3-5x these levels

If you ever needed a rocket to get things going this discovery was it

The 'placing' crew appear in groups - you see 3 or 4 accounts spouting the same nonsense, here's the thing though - you don't shout placing in a **** share, I'd personally target shares that are potentially 10+ x undervalued.... like this one

Safe Jurisdiction
Largest light oil find in North America in decades
$86 WTI
Already producing 2k bopd and significantly undervalued on this alone a t current mcap
Up to 1.9 BILLION barrels OIP and 1.6 BILLION under COPL land
Recently raised 7.5m (last month)
20m facility

Placing placing, gimme cheap entry

Twats

Locked in a price range doesn't mean placing most the time, overhangs in my experience can take months and even years to clear when there is no volume, you just need patience to wait for the breakout - the valuation here is one of the most absurd I've seen in a while

The way I see it playing it out is a CPR/JV out the blue - he withheld this news as he wanted to be certain and almost fell off his chair..... a 10% placing for £20m at say £1 to fund initial drilling would be fantastic and would see it go much much higher from there

IMO

10% at $5 is my base case of the lower limit... 127.5m ? = 637.5 USD = 470m GBP - for in ground value only excluding current production

Hopefully 20-30% at $7-10 though?

IMO

Thought it was way overdone at 27p…. Funding sorted now so at what premium will sale be?

Don’t think the warrant holders will be flipping until sale if it’s short term funding, not enough time either IMO

Can anyone post a link or source for the end of Q1 CPR date - as I can't find anything in the domain?

HFB I concur with your calculations.... for in ground value only, if confirmed then straight to £5 minimum?
Then there's all the upside from higher rates/recovery/production/JV's

Haven't seen such an opportunity in many many years...mega bagger indeed

IMO

50% recovery seems on the high side IMO... 20/30 seems more realistic, but either way we should be well into the £s regardless

You just know this is one of those shares that get stuck in a range for a long time then breaks out all of a sudden with everyone wishing they bought.... think ARB at 5p...

If we ever produce 450k bopd you get a £XX bn company

All IMO

Only because of eternal overhang… you think people won’t buy into an 80$ per barrel producer with a recent monster find at £70m mcap?

Expected dip due to minor wti dip and lame XOP close but they have **** volume anyway so it’s all temporary

More interested in free SP movement both ways… if that’s the case then it’s just a matter of time

WTI 87.5 XOP .67

Have a feeling the overhang is done....

Blue Skies if we hit the 40s tomorrow!

Why would you sell COPL which has 1/5th of the mcap here and has a confirmed discovery twice the target here ...?

Bizarre - you just need to sleep and wait over there, here you need to wet the bed a few times

GL holders

looks like the SP reacting to WTI move... good sign for overhang clearing

Have some patience folks, best to not get too excited until we break this range, likewise don't panic if we drop down again - it'll be obvious when the overhang is clear and that's where the big money will start coming in

Could be now, could be tomorrow, could be weeks/months - the real money is made in the waiting

Many many multiples undervalued IMO

Recently bought in after being on the sidelines, know the history really well and this find is a game changer

The valuation here is absurd after the discovery, even at the extremely conservative valuations of 10% recovery valued at $1 per barrel gives you a £200m mcap, excluding the current production/light oil/safe jurisdiction/largest discovery in decades/sky high WTI prices/ try a 30-50%+ recovery and $5-10 per barrel and the mind boggles

Have seen holding patterns like this many many times in the past (e.g. AVCT/ARB/NCYT/EUA), usually to clear overhangs with traders entering and exiting trying to time it - once it breaks it really does go wild IMO

As for placing.... get a grip - they just raised 7.5m last month

GL ALL DYOR

.

Hello folks,

Thought I'd give you a double xmas gift with my appearance after HUA yesterday!

Any ideas as to the somewhat muted response...? I presume this news unlocks all the capacity etc etc (said for the 100th time since February), but its now or never.....

A date to keep an eye out for - Medusa 19 accounts due for filing before end of January 2022, period to 30th April 2021 but would give an idea of any investment into capacity etc.

Anyway a BOOOOOOOOOM and LEAK for the old times!

xx

Bit of blue, ingenuity works all of a sudden ;)