Member Info for MisterPositive

Could they be building a postion here ?

Violet,
Your post made me chuckle....funny but true.

Bloke with some mud !!!

Seller should be about done by now i think....

So that we can move into 0.50s and then 0.60s before Q2 results that are just 2 weeks away.

Production volume revision higher and Cash earned to date from Atomic is what i am looking for.

With another 10 wells to be brought online, production is going to get lot higher.

Current production is only from 2 wells.

This is a High Growth stock with increasing production going forward generating strong Cashflows.

I would also expect FUND Managers adding COPL to their high growth stock list going forward in London, Canada and even US.

Yes TR1s should be on their way.

I think lot of private investors who got spooked yesterday and sold looking to buy back lower.

I would expect a graduall rise between now and end of Aug ahead of Q2 results with a proper re-rate after results and future outlook guidance from the company. Any hint on OPL226 in Nigeria would be extra bonus and provide further strength.

Market is forward looking. cheap share gone now.

Charlie
Excellent post.

Just 2 changes to your figures.

"Barron Flats Shannon Miscible Flood Unit (57.7% WI) and the Cole Creek Unit (66.7%)."

(1) should use 62.2% WI (as average) instead of 57.7%

(2) current oil production already reached 2200 bopd from just 2 producing wells.

Another 10 wells to be brought onlibe as part of the 12 well programme. So bopd figures could jump dramatically resulting in multi-fold increase in both Revenues and Profit for COPL.

2200 @ 62.2% = 1368 bopd
3000 @ 62.2% = 1866 bopd
4000 @ 62 2% = 2488 bopd
5000 @ 62.2% = 3110 bopd
10,000 @ 62.2% = 6220 bopd

People here will soon realise COPL is significantly undervalued being an Oil producer.

88e went from 0.40 to over +4p within few weeks. COPL could do similar or better in next 6-12 months.

Mtsoomro
Good work.

15 billion traded in 16 trading sessions....wow
Agree. Good to have flushed out the sellers on 1st day after coming out of suspension.

Meant 4 Billion volume today.

Today was typical Day 1 adjustment after long suspension.

Price finishing more or less close to suspension price makes no sense at all.

COPL owns 100% of Atomic.
Production increasing faster week on week than company expected. 2200 bopd currently.

From Proactive article this morning, they got 2 wells / units performing currently with another 10 to be added as part of the field development expansion programme. So much upside to come.

I am baffled for who says, COPL overvalued ???
88e with 0 production and 0 revenues, has over £300m MCap....how ???

Re-rate about to start, now that COPL is back. Market is forward looking but like i said typical day 1 adjustment after suspension. Coming days should set the pace.

Almos Billion volume....huge.

Earl
How can 88e have MCap of over £300m with absolutely 0 production and 0 revenues?

and you think COPL is overvalued ???

Previous Atomic owner got share lock in period in place as far as i remember. So they cannot offload and why should they?

They also know upside here is huge.

Derampers will come....part of the extra traffic coming COPL way.

0.46 now

Yes. Just been doing similar calculations. Rate of oil production increase is excellent.

26 July 2021....1800 bopd
17 Aug 2021.....2200 bopd

This is expected to increase substantially as more wells are brought online. Phenomenal Upside here.

At 5000 bopd, with around $45 per barrel profit would be +US$82 million profit annualy.

How can MCap be just £65m ?????

cost per barrel seems to be in $18-20 range.

So at $67 crude, COPL is well in profit.

Both Crude price & Atomic Production expected to rise further.

This should be well over 1p soon.....may be not today, but in coming days.

Just some frustrated holders cashing out after 5-6 month wait. New investors coming in at current bargain price.

From Proactive today...

"Oil production from the assets is up some 80% measured at 2,200 barrels per day, up from 706 barrels at April 1 (the effective date of the transaction). Production volumes are expected to rise further."

https://www.proactiveinvestors.co.uk/companies/news/957844/canadian-overseas-petroleum-says-atomic-assets-are-performing-significantly-ahead-of-expectations-957844.html

Looks like institutional buyers also getting in COPL alongside new private investors.

well ahead of Company expectations.

They now revising Production forecast Upwards.

Some folks just throwing away their shares...

TRP significantly undervalued - only £7m Mcap
Potential 50 x bagger this one imho.

1) Cameroon - Farm out deal done

2) South Africa licence is highly attractive with potential recoverable 1.98 Billion barrels.

3) Namibia - all eyes on venus drill by TOTAL next month.

0.55 paid

Those would have been forward sold mate.

You borrow shares to sell forward at higher price. When you get your shares issued, then you return the borrowed shares back to stock lender.

This is big business in the City.