What a silly question
"need to see the terms of this before getting too excited"
Only time you get excited is when the SP is in the RED
"There is no news is all make-believe"
Bit like your predictions HAHAHAHAHAHA
BURN Gregorio BURN
Yeah IMHO I believe he has something tucked up his sleeve ready to unleash to the market, I think he'll be grinning like a Cheshire cat again on Tuesday along with a lot of us investors. Why would he do this interview if production numbers weren't healthy...watch this space. I for one cannot wait
"Last year, after completion of the acquisition, monthly production was between 58,000 and 60,000 bopm for the 3 months August-October. June and July this year production was barely over 40,000 bopm"
AM knew about these issues and the fixes required but also knew that CUDA was in financial trouble, he has waited until the CUDA acquisition was completed before beginning to remedy, we've had a steal here and IMO the next couple of month production figures will verify this. Grinning like a Cheshire Cat
"Of course, the problem here, and the reason why the share price is 14p and not 50p, is that when the management do finally get around to tackling the production figures they actually go down by 33%"
Of course they go down, you have to take the well off production to carry out the work over, if you look at individual wells you will see the work overs (unblocking wax) has increased production in some wells by 100-200%, that shows the potential as more of these are completed.
Richierich25- DISGUSTING! REPORTED
"bothered to give a balanced and civilised response"
I just don't get how people supposedly invested in this company cannot be, as you say "BOTHERED" to do their own research. Asking for answers on this BB, I could have said anything, I don't believe half the S**T I read on here
"which was later delayed to September, but now we are nearly through Sept and I've not heard a word about it"
You obviously haven't listened to any of the interviews then, if you did you'd know the answer!
AM did say that they were existing shareholder who came to him with the deal, all I can think of is if they knew the deal was forthcoming then they could have got rid of their existing shares long before the deal was finalised and hence they can now convert at a lower SP as they've already made a profit.
"Oiler Art emailed me and advised that they have more than enough flare volume allowance to meet all production requirements and there will be no objections at next month meeting"
Yes but that doesn't coincide with his agenda!
Raising close to AM's magic number of $90 where the swaps are in our favor
Yep, it’s stumbles like this that doesn’t help the reputation of Copl, nothing ever seems straight forward! I was wondering why he never mentioned the court case in yesterday’s interview
Okay then, not postponed as I was thinking! Surely he would have said something in the interview if he didn’t think it was taking place
Anyone know what the status P means on the court case list? All others either C or WD
Stas20- There's no rhyme nor reason to anything he says, he contradicts himself by saying if its worth 50p whys it struggling at 17p but on the other hand I think fair value is 34p. Confused.com
Just watched the interview again, gives me more and more confidence every time, the doors are well and truly about to be blown off whether or not the market agrees at present or not.
LOSER
"In terms of fair value with the revised estimates in mind, this should be around double where it is now"
So why isn't it, no difference to anyone saying it should be 50p, fact of the matter is we are way undervalued