Member Info for MisterPositive

Apologies for double post. LSE site plays up at times

Crazy Mcap at £6.5m given the company pulled off $15m Farm Out deal with Beluga.

100% of Thali license would be valued at $31m if Beluga paid $15m for 49% share.

Crazy Mcap at £6.5m given the company pulled off $15m Farm Out deal with Beluga.

100% of Thali license valued at $31m if Beluga paid $15m for 49% share.

Lot of news to look forward to from both Zambia and AUS.

Delays with assays have affected lot of companies due to COVID etc causing bit of frustration with some investors i think hoping from share to share.

This is down about 65% after hitting 4.45p earlier this year. Great price for anyone to enter for the next 6-12 months for some huge returns.

Not that far now.

Market waiting for confirmation of Oil Production trajectory which has been on the increase ever since April this year generating strong cashflows.

Q4 seems to be on target with 5000 bbl/day.

When this goes up will go up big. Too much pressure being built in the cooker to blow off that lid.

£6.4 million in bank ( raised at 2.3p)
Arya drill to commence shortly which was recommended previously by BHP.

If results are strong as expected, then we could see players like RIO, BHP to come in.

10 x Bagger this one in my opinion.

Typical. MMs become predictable now.

Morning drop to grab a few cheap ones before taking it higher. Most of us not willing to sell any knowing this should be sitting close to 1p and higher in a few weeks.

Q3 production numbers in about 10 days.
Q4 outlook.
Nigeria update in Oct.

Market can be irrational at times but eventually catches up and go higher when you least expect it.

Could happen anytime without warning. COPL could do a 100% or more in just a day on the back of a strong RNS.

Market can be irrational but eventually catch up and go up when you least expect it.

Also waiting for an update on Broken Hill IPO.

Yes. Markets can be irrational at times, but eventually catch up and can do so when you least expect it. Seen it so many times.

Another 10 days before end of Sep.

Q3 Production numbers not far away.
Q4 outlook / estimates
Fed Deep testing - any updates

Lot to look forward to going into October $$$

Institutions i think are done with selling.

New institutional investor buying in the market in my view. Usual MMs drop in morning, before closing higher. TR1 incoming i would say, later today or next week.

CUDA under pressure to sell more assets to pay down their $67m debt but trying to hang to their WI in BF Shannon.

Tells you how valuable the BF Shanon and other Wyoming leases are.

Arthur i think waiting till end of Sep to see if CUDA get any binding offers, before any fire sale of assets, etc.

In the meantime COPL sitting on healthy cash balance and increasing and another $20m undrawn credit facility available...ready to pounce. By Q1 2022, production could have increased to around 7500-8000 bopd.

Can sense 0.40 or above tomorrow.

Higher base being formed now.

Nice one.

Someone scooped 45m on the cheap at 0.385

Should get a very nice return.

Yes very much looking forward to Q3 production numbers and Outlook for Q4 and Q1 2022.

Additionally looking forward with excitement to the 6 oil bearing zones from that 100% Fed Deep discovery.

For a company on track to generating potential circa $50m in annual revenues, Mcap should be more than 5-8 times current 50m Mcap.

I see this as 10 x Bagger on solid oil production which is clearly on an UPWARD trajectory for next 10 years with potential $750m - $1b MCap in future. Hence my Strong Buy rating.

MP

From 1 Sep RNS...

"COPL's realized Operating Netback during the second quarter was $30.62/bbl."

Should have another crack at $73 coming.

COPL making even more cash with higher production month on month.

Each 1000 bopd added to COPL basket generates additional $12.41 million to our Top line $$$

($73-39) x 1000 × 365 days = $12.41 Million

Day high 39.70 on Yahoo finance.

0.40 coming folks.

Heading for $73