Member Info for MisterPositive

Potential across 6km strike is massive.

This could take the whole market by surprise.

Yes. Good RNS. Lot of progress made with even more busy next 6 months.

Think lot of folks might be waiting for assay results from BIG ONE and drilling to commence very soon at ARYA. Probably on watchlist of many investors waiting to join in.

Been adding quietly while still below placing price whenever i can.

$15m funds from Beluga for Cameroon Farm Out to come in.

1.98 billion barrels recoverable from South Africa prospects not even tapped into yet. Already seen discoveries from Oil Majors offshore South Africa.

Been in and out of TRP over last 10 years or so, but now finally this is on the cusp of some serious gains from such low entry price. Just sit tight.

https://www.energyvoice.com/oilandgas/africa/ep-africa/341911/tower-beluga-plans-cameroon/

Envoi oversaw the farm-out process for Tower. It said the planned well would flow test oil in the Pliocene sands.

A four-well development on the northern resources alone would be commercial, Envoi said. Production of 8,000 barrels per day would provide annual cash flows of more than $100mn.

There is also an undrilled deep exploration play on the Thali block. This is on trend with the Isongo fields to the southeast.

This is a steal and below placing price.
With just a bit of buying pressure it can move fast.

Sep should be more active as Farm out deal is formally signed off.

Gradual tick up before ARYA drill.

Agree sub 2p is a steal. Even 3p would look cheap in coming days/weeks.

Doug
Good summary & breakdown.

Looking forward to next RNS, will be looking for production outlook & field development expansion plans.

WTI crude almost at $69 (68.81)

Almost $30 higher since NPV10 figures were published with Atomic deal at $39 WTI.

With both production and WTI price rising, NPV10 figures for Atomic should be revised lot higher. At this rate WTI crude could soon be double at $78

MCap here should adjust upwards...no brainer. Just a matter of time.

Monday 30 Aug Bank Holiday in UK.

Not sure about Canada. Could they get Q2 results RNS on Monday ?

Yes mate. Cannot wait to get started with ARYA.

Cannot undermine BIG ONE though ....which looks very exciting. Its just that ARYA on its own looks pretty special.

and then we got our African prospects which also look very attractive. At some point sooner or later one of the Bigger players might jump on board here.

At some point the seller should be done with.

Cannot go on forever. Makes little difference whether your entry price is 0.35 or lower/higher.

Its where you plan to EXIT which defines the profits. Coming weeks/ months look very exciting.

As per Company presentation:

Forecast production:

Barron Flats unit: 5000 bopd
Cole creek: 3500 bopd

Based on respective WI, i make total forecast net to COPL at approx 5,220 bopd.

Previous NPV10 figures were based on WTI $39 and would need to be revised higher at WTI $68

Forecast MCap should be 5 x current MCap lets say in next 6-12 months. Its an approximation.

Broken Hill assets - IPO coming up. Selling parts of company to new investors always healthy.

Gives the company also a chance to attract new investors to go after BIG ONE and ARYA.

I am sure BHP and RIO etc would stay tuned for ARYA, which looks to be huge.

Its simple maths for me.

Based on 49% WI acquired by Beluga for $15m, 100% WI would be valued at $30.61m (£22.31m) if TRP were to do a 100% deal for Cameroon.

Thats a + 179% upside just on Cameroon for 100%, which would be +1.07p

Then add Namibia licence and the "massive" prize in South Africa from multiple prospects/leads.

1-2 bags easy near term. Much more medium to long term in my view. No brainer.

Could another institution be building a position?Just my guess. Will wait for TR1 to confirm.

Copl could also announce acquisition of more producing oil wells within Wyoming or nearby.

Production revenues could go up quite significantly and fast. Best to buy n Hold.

Tedoby
Agree. Easy 10 bagger in time. Buy and Hold.

Revenue & profits to increase in line with increased oil production in coming weeks/ months.

Beluga paid $15m for 49% working interest.

That would make 100% WI valued at $30.61m.
TRP 51% WI should be %15.61m (Mcap only £8m).

So just on Cameroon alone current share price is trading at c 40% discount.

Above Excludes the 1.98 Billion barrels recoverable from South Africa licence and prospects with another 200m barrels from Namibia licence on conservative side.

Significantly Undervalued anyway you look at it.

Copl secured $65m credit facility in March.
$45m base + additional $20m to pay for ATOMIC deal and further Oil field development and expansion.

$54m all PAID for to get 100% of ATOMIC.

Pretty good cashflow from Production also since April. No placing here mate.

88e also got over 13b shares in issue if i rrmember correctly and more than 10 x bagged from 0.35 to 4p.

COPL can also 10 x bag from here. will just depend on your holding time frame.

Agree with Ed. Hold for day 10 years and watch it grow into proper mid-cap oil producer. Patience is hard to find these days. Your own research should guide you through the ups n downs. GLA

MP.

Some very good posts today. Good to have flushed out the sellers removing the drag. Otherwise this could have been sitting much higher.

Drill results should not be far( BF Deep)
Q2 production figures due very soon.
Q3-Q4 production forecasts
Cash accumulated to date from Oil production

Lots to look forward to.