Member Info for MisterPositive

Yes. Nigeria under pressure to get on with it with current Oil price and rising.

Nigeria looking to up their Oil production and revenues to take advantage of higher Oil price.
OPL226 should be sorted pretty soon in my view.

WTI $76.64
Brent $80.54

Price should be lot higher.

40p is my estimate just for starters.....with only 165m shares (post consolidation) which can result in very fast re-rate to 60p first and then 80p during Q4 on the back of higher Oil Production numbers.
Expect slight pullback when it hits 80p....then rewind and have a crack at £1.00 in Q1 2022.

I would expect more TR1 in coming days and weeks post Consolidation.

Could it also be a Canadian institutional investor Art been luring in ?....who knows. Should find out soon.

Ironhide
Summarised it pretty well.

At least they are done and out. We can look forward now to proper re-rate with very little overhang going forward.

WTI at $75
$36 higher from $39 at time of Atomic deal
Looking for another 50% production increase.

HFN
Copl Namibia....now that would add he11 of a lot more excitement to the already higher Oil production numbers and OPL226 agreement to be sorted by end of Oct.

COPL could become a very interesting play with increasing Oil production generation strong cashflows as we move forward Q-on-Q.

Producer & Explorer with such low MCap.
Re-rate higher here is simply inevitable imo.

Agree. Higher volume today was needed to flush out any remainder Warrants before consolidation

As if MMs taking instructions from Art M to get it over and done with...and do not mess up my post consolidation price....Lol.

Brent $79.20
US Crude $75.03

Might even finish blue today. Will not be surprised

MMs probably had their strategy worked out in advance for Monday after Fridays 100/1 consolidation news started doing the rounds.

Post Consolidation, our share price would look very attractive to the bigger players.

Settling down now. Some just panic sold first thing this morning. MMs defo took out some stop losses.

Some folks floated the idea of placing to be announced with Consolidation...really? Why ?

Consolidation was expected and has 0 net effect on value of your investment other than usual daily unrealised gain / loss.

$20m unused facility + $15m Cash balance at June
Ongoing cashflow from increased Oil production and higher Oil price.

Just focus on the fundamentals.

I would not mind CCZ getting into another ARYA type deposit here.

That would be excellent news, especially if you can get it on the cheap.

Value should grow substantially on different fronts.

Zambia prospects will be on top. Update due there also.

Great news as expected.

This is positive in my books. With less shares about post consolidation, price rises can be quick.

Oil resource looks set to increase substantially after the 100% Fed Deep discovery and nearby acreage still be tapped into.

WTI crude at Atomic deal was $39.
At this rate WTI could soon be touching $78.
Stong cash flows being generated

This is ridiculous cheap now.

COPL paid $54m for Atomic acquisition at $39
At WTI $73.50 and rising, if COPL were to resell Atomic to say Exxon, Chevron, or any other player, we should fetch more than Double .

Should gain lot more traction next week, but cheap shares would have gone by then imo.

Yes. Ministry need to update registered working interests respectively post Beluga 49% WI.

Bit of admin to be honest. Beluga shareholders need to approve. Need to check when is Beluga EGM / AGM as Thali farm out would be one of key resolutions.

Reserves and Oil production based lending opens up lot of lenders happy to lend at lower rates.

Production cost per barrel is cheap. Lot of other costs are fixed.

Each $1 increase in Oil price increases our Top line revenue.

NPV10 figures based on $73 crude lot higher now.
Just a matter of time before this moves straight up. Patience required. Hopefully we very near. Been frustrating for sure, but equally rewards should be huge.

Production increasing each month.

50% increase from last 2720 bopd would be 4000
Approx 2400 bopd to COPL.

US crude $73.40

Based on $40 netback we should be clearing approx £2m each month and £25-£30m approx annually as production keeps rising. Give or take +10/-10% from above estimates

I think so too. Looking to turn around very soon.

Generally speaking, turn around happens when lot of folks give up in frustration. That is when bounce comes. MMs squeezing every inch of patience from all of us. Got to stay strong. Fundamentals here are strong. We got oil production with real cashflow each month now.

1.75 paid.

One thing is for sure...Liquidity here is superb with many billions traded since re-listing despite all the shenanigans.

Looking forward to a good next week:

(1) before Q3 production numbers and
(2) update on the testing of those 6 oil bearing sand intervals from the new FED DEEP Discovery.

RNS Monday or during the week.

Should be very close now.

Big One i think is good, just need to build the full picture there. Assays should be due soon.

ARYA to start soon.

Zambia update could surprise to the upside.

Punters are known for hoping off train with any slight delay with a plan to rejoin train later.

Each to their own.