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What do we think the best and worst case is for the CPR? Even 100mil + the 20 mil already proven should push this to £350/400m mkt cap ?

* strange considering

Why do people keep blaming the “MMs” ? The market is determined by supply and demand, there are more sells than buys so we go down. Very stupid ring considering the asset but it will come good in time.

Tilburn can you please explain to those of us who find the language in the rns confusing how they made a discovery of 1.5-1.9bn + another 400mil with one drill? I.e two separate discoveries with one drill ..or is it 1.5-1.9 total ? Thanks

For arguments sake say we have 200mil shares in issue and we have 200 mil proven reserves (conservative estimate) you are essentially able to buy a barrel of oil for 32p (albeit stored in the ground). Today I bought circa 9000 bbls of oil for £3k. Great way to look at what’s on offer here from a different perspective

I keep re-reading the rns where copl “confirm” the “significant” discovery then I buy more. It’s not like we only have a discovery and no infrastructure or no production or it’s 2000 miles from civilisation in Africa or Alaska. There are quite a few positives to think about during these turbulent days.

Hopefully the Geopolitics will favour copl in the coming months. Problems in the Middle East + Ukraine should lead to copl being a take over target much sooner than we think. Chevron+ Exon have a combined mkt cap of near $550bn it would be stupidity for them to sit on their hands when they could buy copl and massively increase reserves in the continental U.S.

https://www.google.co.uk/amp/s/www.scotsman.com/business/oilexco-chief-named-iraq-oil-food-scandal-2469840%3famp

^interesting read - looks like art knows how to get things done and that he also appears to underestimate the quantity of oil he says he has.

Is it in Art’s gift to make up as many shares as he likes ? Could he for example to a placing at a much higher price to let a major in once the CPR is done? Cash could be used for drills any paying off the debt

What’s the ideal scenario here regarding sp boosting news over the next few months ?These are my thoughts …
1) Cuda done deal at a good price along with refinance package with new lender
2) Production miraculously increases overnight
3) CPR is released with the good news we all expect

The more you think about this and the potential upside from so many angles the SP just seems stupidly cheap. Keep adding more but the more research you do the more I think about selling every other share I own and going all in. What’s worst case here only 5% of the new discoveries are recoverable ? Still got to mean £1 minimum if the MF is sorted out and cashflow is good. I just can’t see the SP in the teens happening again.

Come on I think you have missed the point $100 certainly doesn’t buy you what it did in 2013/14 (last time oil was $100). Using the Feds own inflation calculator like with like would be $120 bbl not $100 and even then that’s generous. So inflation adjusted which you must do we are nowhere near real $100 oil - something like 50% of all dollar creation EVER took place over the last 2 yrs.

Comeonvog 100 dollar oil will be very helpful, it’s actually then only half of its previous high (inflation adjusted (2008/2009). Oil has a long way to go, maybe people will stop buying $7 Starbucks and modify their spending behaviours as oil is essential. There is also the contribution that the oil industry makes to the supply chain and and the high salaries paid. 200$ will kill the economy not $100. The inflation we are experiencing right now only makes real assets such as copl more valuable.

You have to wonder if yesterday was a coordinated attempt to spread false information to generate panic sells after all fear breeds fear. Nothing has changed AM has a vast amount of options to choose from to maximise the billions of dollars of value from copl. Lenders will be happy to lend at low rates based on the NPV of the asset should he not JV or we get sold.

Nasdaq down 10% copl not looking too bad !

Assuming Copl have 1% of US proven reserves based on 2020 figures with a current mkt cap of circa £70m we could say that the value of all US reserves are currently £7bn. This is clearly an insane valuation and shows how much upside there is to come.

The Twitter ramper has taken OIP and compared it to proven reserves. If copl get 500mil barrels proven that would be about 1.4% of the proven reserves in the US based on 2020 reserves . Still amazing

Must have a solution to the gas problem and some pumps on the way to Tunisia ?

Assuming Copl can get proven reserves of 500mil barrels the company will own 1.4% of the ENTIRE oil reserves in the United States. Anyone care to tell me I’m wrong? This must mean £500mil mkt cap is coming in the next few weeks :)

https://oilprice.com/Energy/Crude-Oil/US-Proved-Oil-Reserves-Slip-19-In-2020.html

Once the CPR is out and hypothetically it says 500 mil recoverable reserves should we not move to a minimum MKT cap of £500mil regardless of what art does ? that’s only pricing the reserves at £1/$1.35 in the ground… seems like there are are a few here downplaying what’s been found. It’s not like OIP of 250 mil and 20% recoverable. It may take the market time to catch up but the majors could just buy every share and take over COPL that way - the shares are traded on open market and everyone has a price.