Member Info for Phoebus

Wakey wakey. It was 40% of FA and now its 5% of a goer with free carry! 5% of a fully funded goer is worth more than 40% of F all especially now legal dispute is sorted. Rock on Tommy.

Good chance this will rally into close and then gap higher for another go in the morning. Often the way with an afternoon mega RNS.

Quite the turn around.

Target price up to 0.5p seems fair if my figures are correct baring any additional fundrasing.

Fgiures in latest presentation from 2017. Yep it's been a while.

http://www.canoverseas.com/wp-content/uploads/2017/06/OPL226-Project-Summary-May-2017-Final.pdf

Noa W/E is 108.1 MMB and Noa NE 94.9 MMB P50, so at 5% that is around 5MMB net to COPL. Not massive but could do OK given market cap is only £5M. Might see 0.5p or £15 market cap. How's the balance sheet?

Resource figures for Noa-2?

I make share of licence Essar 100% (Shorecan 80% reduced to 10% (COPL 50%, Shoreline 50%)) so COPL retains 100 % x 10% x 50% = 5%.

Hard to understand with all these holdings. RNS reads very well though. Thanks.

Very unlikely they will place until shares ramp higher as drilling approaches and this will be mulitples higher by then. Plenty of cash in the bank for a long while yet.

Thanks Jim. Great to hear those chunky figures again. That said, even without exploration upside this is already fantastic value based on the 33MMB discovered at Heron.

Velociraptor was rather large if I remember correctly.

Do you have the resource sizes for those drills Jim?

Expect the move will happen in two waves. Current move up followed by retrace for a few days consolidation followed by a second move up past 6p. Just make sure to buy the dip.

Licence news could hit any time.

And none at 4p either? Very strange.

No shares at 3.9p either. WTF?

Here we go. This moves very fast.

Yep. Ask ticks up to 3.8p and still nada on quote and deal.

Not even limit orders getting filled.