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First of all, I would like to send my commiserations to all share holders of COPL. This is terrible news for all of you and no one likes to see this. I myself have been investing in AIM Oil and Gas stocks since 2008. Ive had my fair share of wins and kicks in the rollocks so I know how this feels. I would however point out that this is only money and you can all come back from this. Just need time to reflect. Its not the end. There are other opportunities out there. Peace out.
This will probably do the 35p gap fill in the next weeks while some are still watching from the sidelines wishing they had taken the plunge. Either take a calculated risk on new known metrics or don’t. Always other “investments” to take. ATB.
It’s good to see people getting excited about big oil finds again, and why not in this high oil price environment. COPL should do well when people realise the value disconnect. So many opportunities like this around at the moment, like Melbana Energy ASX. Sat on 6x the oil at 3.5x the mcap of COPL. I am a shareholder of both. It’s good to spread risk.
More than $2.3Tn of oil in place, with likely upgrades to these figures coming, @10% recoverable, which will also more than likely be revised upwards with more time. £1Bn looks cheap to be fair. Especially in these times.
It’s not bad advice at all, if you only risk what you can afford to lose, % wise of your PF, yes it’s a binary play. To make money you have to risk money. It helps if you know O&G plays of course. This isn’t EME. What should give confidence here is the local comparative geology and hit rate.
I took a position here today. Due to the changing dynamics. UKOG has been good to me twice before and I will always remember the morning of Mr Lenigas broadcasting on U.K. news channels. It’s good to be back. Let’s get ready for some real progress.
Baron Rothschild, an 18th-century British nobleman and member of the Rothschild banking family, is credited with saying that "the time to buy is when there's blood in the streets." He should know. ... The original quote is believed to be "Buy when there's blood in the streets, even if the blood is your own."