Member Info for Rktech

We can all work out some figure for the possible earnings/year in the case of just 6K BOEPD.40% to COPL.

@$75 Oil and allowing for overheads, extraction, delivery (total production costs) plus government taxes then anywhere between $150-300 million/year

E&P companies trade on an average P/E of 25 although individual companies can be anywhere from single figures to high thirties so be pessimistic and say 5.

The resulting Mcap is staggering and probably best left in the land of dreams right now but it's the reason most of us are here as we have been aware of the huge undervalued potential of this company if things line up.
Sincere GL To All.

Don't worry Bob.
The board will start to get hijacked by all kinds of new found "experts" as the herd arrive
It's a good sign!

Absolutely ! Confirmed by Arthur. First drill a horizontal into the original structure followed by two offsets.
3D seismic data correlated with existing known Hydrocarbons.
Quote " We can tell what is water , gas or oil and can identify the oil/water boundary "
So initial targets are known hydrocarbons and exploration targets are in adjacent fault lines and the data is there to identify the pay zones.
Get the bureaucracy done and we're cooking!........Bring it on please.

Dummy trade to buy a small amount (100k) and went to NT twice.
Could sell what I liked.
Maybe a large buy being worked?

count me in that too!!
Had a small top up this morning.....price on the rise now......There was progress announced but not the game changer that will start the re rate.

This is all down to NNPC now, the concessionaire.
Kola and Arthur are doing exactly what R_Dunc has said and going through all the technical and financial aspects of the project.
At this time it would be imprudent to make any statements and if a placing was coming I think there would have to be something of a corporate rampathon....just like the last time. Remember the " no news is good news " comment of a previous reply from cathy.
I firmly believe this is not a political issue, just bureacratic.
The new NNPC team have taken a few months since the staff changes but do seem to be getting on with things.
Also I cannot see why any government would not want to increase it's revenue stream prior to an election.

Referring back to the Email received by MKbarnes which said we were in a queue, I emailed cathy yesterday and asked the obvious question we all want to know and that is where are we?
Given that such information is price sensitive I didn't expect to get any kind of definitive reply....or possibly any reply at all. However She received my Email at 5.20 AM local (Toronto) and the reply came back at just after 11am local as follows.

Hello Keith:
The companies coming out with deals concluded in the Nigerian press started the process before Shorecan. Shorecan 's Partners have been meeting with NNPC and things are progressing. No more detail is available. It is not appropriate to put news out piecemeal. This would not only be viewed as promotional and misleading, it is not allowed.
RegardsCathy

So it seems they are dealing with things on a FIFO basis, but at least we know they ARE dealing with these apllications.

Communication with Ben haim has always been a non event as the SHG found out.
His replies always seemed to be aggressive and arrogant AFAIK. An impossible person to have any meaningful or believable dealings with.
Enter WM who claims to have a direct link and mostly by implication tells us that all will be OK.........just didn't ring true to me.
Then deleted accounts and silence.......hmmmm.
Dougb: You are no fool and neither is HITS.......name calling really is counter productive when in reality Shareholders are the one's who have been fooled by a sad litany of lies!
You're opinion on the disappearance of Ms Mitchell and your reasons for thinking there may be any corporate value left here that could translate into shareholder value would be more appropriate.

Only my opinion but it looks like a case of "mission accomplished ".

Ask him for an update on sharetalk or similar.
AMillholland@canoverseas.com

I just have!!

Don't hold your breath !!!

EGM is really the last chance saloon and where will it be......Calgary???
What we really want is an update from Arthur if only to tell us how he's been spending OUR money for the last 9 months.

I think what cathy meant to say was the concessionaire not commissionaire.
Concessionaire refers to NNPC as an entity.
I would presume that the PSC would have a final signature form the group managing director and be a large document full of legalise and provisos.
Good to know that attention is now focussed on them (PSC's) as of start of June.......need to get things moving if it's going to have any impact on production before the election in Feb 2019.

If Kola can get this across the line then the re rate will be similar to the fairly recent PYC spike IMO , ie Spectacular!

In answer to your question the expiry date is march 2019 unless it is renewed. Domain Name: CLOUDTAG.COM Registry Domain ID: 361043358_DOMAIN_COM-VRSN Registrar WHOIS Server: whois.enom.com Registrar URL: http://www.enom.com Updated Date: 2018-02-15T15:32:48Z Creation Date: 2006-03-01T17:55:20Z Registry Expiry Date: 2019-03-01T17:55:20Z Registrar: eNom, Inc. Registrar IANA ID: 48 Registrar Abuse Contact Email: Registrar Abuse Contact Phone: Domain Status: clientTransferProhibited https://icann.org/epp#clientTransferProhibited Name Server: NS1.RUBY.BMAS.AGENCY Name Server: NS2.RUBY.BMAS.AGENCY DNSSEC: unsigned URL of the ICANN Whois Inaccuracy Complaint Form: https://www.icann.org/wicf/ >>> Last update of whois database: 2018-05-09T12:46:51Z <<<

I heard a radio ad yesterday from 123 reg the registrars of onitor.com. they are doing a special offer.....99p for a domain registration. Can Ben Haim afford it ???

That'll get everyone going on google translate.......undeniable but humorous. I saw that word spelt "humerous" on one of these boards.......don't think they meant " a bit like the upper arm bone ". Off out to garden to enjoy this weather.

Enjoyed the Latin lesson!....LOLOL Anything less than tangible evidence of corporate value means nothing. Shareholders have been conned once and I'm not going for a second time in believing the proven Liar. Time will tell Per Ardua ad Nauseum!!!

I tend to agree with you Jay. Why would they cut us out as they need the hands on experience to get the oil flowing. And as I said before it makes for a good JV with them being a frontline indigenous company......who could easily take a much larger stake by buying in the open market. As more time goes on we're all getting concerned and now is a good time for some comments from Arthur.

Cdnoil supporter: Do you intend to raise that point about the possibility of shoreline not being interested in COPL post namibia at the AGM?