Member Info for MisterPositive

Needs to break 1.20

This one in my opinion.

Value to come through soon as we get closer to the DFS with even better project NPV estimates after finding extra Gold, Silver, Pkatinum, Palladium.

Key always is to get in while its low and before the herd arrives.

This has been at all time lows. Like I said the extra revenue from 20,000 ounces of Gold as By-product on top of the massive Copper deposit is a HUGE addition which market has not even realised yet...but will sooner or later.

We getting all that Gold for no cost....jeez.

Oilberta,
Even if you take conservative circa 80 Million barrels net to COPL after 10% option is exercise, current share price is no where close to true value here.

Lucando,
Very good point you make.

Directors need authority to issue shares to any potential JV partner. Also to keep extra share issue cushion for any future of Exercise of Warrants. We can only speculate at this stage until next RNS comes.

I just could not buy any decent Qty on Thursday. Had to place At best order in the end after 5 attempts for Quote and Deal.

May be we can Email Robin young or the NOMAD or the in-house broker if there will be a Corporate Presentation posted on Company website or via RNS.

Just a thought

Yep. Deal is transformational.

Like others correctly pointed out. Before we had 40% of Sweet FA with no end date in sight to tap into the mammoth +1b barrels Asset. That's just OPL226 without even adding the surrounding oil prospects. Law suit caused further hindrance in achieving the true potential here. With law suit dropped and replaced with today's settlement Deal, we now have a timeline to pursue and monetize value from this highly lucrative asset

Today's rise was just from a very low base price which was priced to go bust.

Deal structured and announced today has turned this on its head in one swoop with value 'Accretion' built in for next 30 years as more Oil barrels come online.

I'm always wary about ex-holders selling out at a loss and then de-ramping (despite a transformational deal) only to justify their sell out decision.....not good taste and defo not mature behaviour.

15% share of potential +1 Billion barrels is 'transformational' once 20% option is exercised by shorecan.

Not being lazy....lol
I just don't have the cost estimates.

Someone else quoted here today Art starting with:

6000 bopd from 1 well and then
Increasing to 4 wells @ 6000 bopd = 24000 bopd.

Either way, that's lot of annual $$$ revenue.

Again using $40 Brent price
Costs e.g. $25 per barrel

Annual profit estimates:
6,000 x $15 x 365 days = $32.8m
12000 bood = $65.7m
18000 bopd = $98.6m
24000 bopd = $132m

We can even add an extra 10% costs (being prudent) to above estimates.

Well above is just an attempt to get a handle on what to look forward to once production starts from this very lucrative Niger Delta.

Using potential +1 Billion barrels of oil estimate.

150m barrels to COPL @ $40 brent = $6B value

I will let you guys work out the costs and profit estimates

was great.

Been on my watch list. Crazy low price this is. Got some today, but had to place 'AT BEST' order. Normal order for just 100k shares just would not go through....bit strange.

Project economics look ever better, now they got by-products on top of the Nickel and Copper.

GOLD
PALLADIUM
COBALT

Market demand would ramp higher quicker soon as we come out of Lockdown.

2nd half 2020 - commodity prices rallying
2021 could be even better

Very much looking forward to that Feasibilty report and much much improved Project economics with much higher NPV expected now in my view.

Dog shares of 2020 could lead in 2021 if all goes to plan.

Option cost for 20% increase to Shorecan is 20% of historical costs (63m x 20% = $12m).

Option cost to COPL $6m only ($12m x 50%)

Yes 10% option cost will be paid from 1st drill oil revenues

Yep. UT.

7.5m private sale. Well MMs need some shares as opening stock.

Wider market not caught on with news here. Wait for Proactive interviews and Podcasts in coming days.

My wife also got in after asking me what the hell happened today.....Lol

Told her just buy now....will talk later. LoL

Mcap been suppressed to unprecedented lows over last few weeks.

Current MCap is absolutely no way near to what just happened with today's RNS.

Will take few weeks for Market to crunch the numbers and size of the prize back on the table now and then some.

Manro,
I been waiting over 3 years. PetroMatad seems to start getting things right slowly but surely under Mike Buck and his new team. Mike inherited lot of mess from previous Management. Take time to undo past errors, stabilise the company platform, build relationships with regulators and political machinery before launching your new 5 year strategic plan.

Mongolia needs oil for their refinery. We are waiting for Exploitation licence. June elections came bang in the middle of Mongolian drilling season. But im happy to be patient. Gains will come when they come. Next 2-3 years here could be mega.

ATB to all holders.

Phoebus,
Long time indeed Sir. Very busy with other things.

But COPL caught my eye since Exxon debacle when Copl share price crashed from +11p.

Today's resolution puts COPL back firmly on track towards a totally new MCap in my honest opinion.

This is one share I want to keep in my Portfolio for a very very long time to get the massive ROI.

Each to their own investment decision.

Good luck all holders (old and new).

That is why drilling needs to commence soon so ALL parties can realise the massive Oil potential waiting to be pumped out.

Every body wins.

Imo.

Shore can are being Option to increase to 30%

EM 70% (first) reduced to 50%
Shore can 30%

And all paid through drilling of OPL226.

Think 30% share of potential over 1 Billion barrels is very chunky indeed.....

Imo

Great news .

Totally unexpected at this stage.

River fort deal by Art must have made Essar M think again about their court case....which was bonkers to start with. Imo