Member Info for Richierich25

Well
The last covers finding was sold to Sandfire and the 2 percent royalties were never distributed back to the shareholders, so why should we invest?

Trust me !
That MT Director is useless.
Paying himself a salary from the equity pot.

I remember watching this video on YouTube about John Rockafella.
He never sold out of any of his business even after the Government forced the split.
If he was alive today, he would load up on COPL.
Europe are looking for alternative energy and America will be selling it.

Will they sell at 14 pence..
Sell Sell Sell lol
Doubtful considering there buying a barrel of oil for next too nothing.

Secured Bonds have secured interest payments attached to them and if the business were to go into liquidation, then they have a secured debt, unlike us.
So what’s happening is that the upside potential over the next 3 months is higher than the return on the secured bonds.
Maybe they held some bonds back for additional security.
Issuing share capital, actually is negative in terms of the price.

A convertible bond pays fixed-income interest payments, but can be converted into a predetermined number of common stock shares. The conversion from the bond to stock happens at specific times during the bond's life and is usually at the discretion of the bondholder.

Did the bond holders take a portion at below the current share price ?

By the way..The exchange don’t actually show all the buys and sells to avoid market manipulation.
If there is no buyers or sellers, then the price actually ticks down slowly, until buyers are found.
That’s how all equities are set up.

Those old boys that run these countries still leave in the Soviet mind set.
Time too wake up.
You don’t live in the 1920’s

ART purchased a large proportion of shares at a higher price and maybe that is Investors money, but what you have to remember is that the price wont see positive momentum for around 2 to 3 months, when the oil is extracted and put into barrells.
Then free cash flow and expected dividend, will force the mouse of pension fund managers.

Ive loaded up a few grand at the new price..
If you cant see that your buying oil at pennies on the dollar, then you shouldnt be in this game.
As we say in London.
Sit back, Relax and dont pay no Tax.

Freedom of press is compromised at the best of times.
Like when the Monarchy squeezing parliament.

Just wait till Yahoo story board gets going.
If you’d have put £100 in COPL in 2020 you’d now be a millionaire.

· Low Estimate: This is considered to be a conservative estimate of the quantity that will actually be recovered. It is likely that the actual remaining quantities recovered will exceed the low estimate. If probabilistic methods are used, there should be at least a 90 percent probability (P90) that the quantities actually recovered will equal or exceed the low estimate.

· Best Estimate: This is considered to be the best estimate of the quantity that will actually be recovered. It is equally likely that the actual remaining quantities recovered will be greater than or less than the best estimate. If probabilistic methods are used, there should be at least a 50 percent probability (P50) that the quantities actually recovered will equal or exceed the low estimate.

· High Estimate: This is considered to be an optimistic estimate of the quantity that will actually be recovered. It is unlikely that the actual remaining quantities recovered will exceed the high estimate. If probabilistic methods are used, there should be at least a 10 percent probability (P10) that the quantities actually recovered will equal or exceed the high estimate.

My thoughts are a modest £4 a share after costs, at the low end of the deep light crude find, including the other revenue streams..
You might have to wait too years.
Once pension managers see the free cash flow and dividend announcement, that’s when the real money comes in.
Seen it many many times.

Convertible loans to shares.
That can only be viewed as a good thing, unless they are selling them.

You’ve confused me ?

Only 4 to 15 percent recovery rate.
At the top end it’s still 150 million barrels at $75 a barrel = 11,250 million dollars in potential revenue.
That’s huge for a company with a market cap of 50 million usd or 225 times the market cap.
I know the business has overheads, but if $75 a barrel was profit, then it puts the share price at £36.00 U.K.
Quick some show check my figures.

Gearing not treating.

The book value of the company assets is 16.2 pence and that explains the banks borrowing warrants somewhat and the treating is fairly high at 150 percent, but short term 12 month debt is 60 percent ratio, according to the FT.

Exactly
Land locked light crude with easy access to roads, in a time where the Saudis refuse to open the pumps and the Russian are some what attempting to commit genocide.

The worlds built on commodities mate, not fiat digital tokens with no intrinsic value.
Visit my website too learn more.
Www.knowledgebible.co.uk
Buy a book too.The website has over heads lol
I won’t charge you for my time.

On the companies market capitalisation been 63.88 million and the Wyoming deep discovery has total Original Oil in Place of 993.5 million barrels.
This mean excluding CUDA.
If a Barrell of oil was sold at $1 Canadian Dollar, revenues would sit at 16 times higher than the market cap.
That’s $2.80 CAD per share in Revenue, which is massive.
I might be wrong, someone check my maths.