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Hi Antha, so you state 'no forward path' without JV. I think a JV is what is most likely. At some point.
Copl is revenue generaring right? And the placing was massive because of a one off acquisition.
Do you not see Copl making a profit in the future and being seld sufficient?
R
Agree gold.placing screwed the sp.
I can only focus on the wider picture. The SP is well below placing price and getting closer to pre epic oil dicovery sp which is balmy.
The Cuda Acquisition is producing revenue to add to the cash pot and selling price of oil remains above 100 bucks.
There are currently no cash flow issues and refincing talks are continuing.
Lol ha. Thanks for owning up. I hope your buy works out and erans some profit for you.
The RNS is not good or bad. For me it just brings focus to the AGM which hopefully should be quite positive.good to know results are pretty much on time.
The inflation being high will be eroding the value of the loan aswell dont forget so that is of some benefit. Any higher refinancing costs can be offset by rising oil which is part responsible for the inflation anyway.
Hopefully not too bad.
Copl Hodler you are wrong... it is 50 mazillion gazillion 'percentage points' or 'percent' not pencentages. Just... no.
Also is at least 100 mazillion gazillion because there are frillion of brrls of oil.
I am just reading some of the Scott Ryder report. Data based on 1st October 2020.
Future 'Net' Revenue at that time was estimated at 640 million after Royalties, operation and development costs. In October 2020 before oil price increases and before discovery.
Just imagine what future 'net' revenue could be now.
Shame i cant buy more shares.
I feel like the board has become a bit more balanced in terms of posting and there has been alot more informative or thought-provoking posts lately. Which I appreciate.
Gold and Copl Hodler have given me new lines of thought and helped me to consider risks a bit more and get grounding on where we are currently at.
Thanks.
Rx
Gotta be close now. Thanks Gold for providing your opinion.
I really hope that (a) the report makes good reading and (b) that a move from poor to better sentiment leads to the SP going up substantially.
I also hope that we can clear the air on some of the big questions that should be asked over how the company is being managed and some of teething problem from production.
Just need more group confidence on future profitability and value add. More Trust.
The future sales from COPL are huge potentially.
At the AGM can you please ask how the Nigeria play is going? I quite literally hear nothing about it?
Also dows it make sense to dispose of it whilst oil price is high to focus all resources on getting the wyoming oil out of the ground?
Maybe one of you posters who have been around longer than I have can provide some insight.
Will Putin use tomorrow to repakage the war in Ukraine? He could escalate by declaring war officially or de-escalate by somehow proclaiming victory.
Tomorrow could be very crucial for where oil price goes from here.
If Putin comes out with the high-level fear-mongering rhetoric, it could push oil up further. Any escalation could do so.
Will be interesting to see. Big day for oil.
I actually agree with Gold that the Atomic deal only looks good in retrospect, because ART has got lucky wirh oil discovery and lucky with the insane upward pressure on oil.
China demand is falling for oil but overall just so much pressure from the war.
I think buying CNNOC probably makes sense even if it reduces liquidity.
Is there an indication of how much Cuda was exactly or will that only be know after its approved by US?.
I assume such a purchase would be for an amount in proportion to the amount paid for Cuda?
I think an Oil Major will buy COPL Wyoming assets eventually. Just hope the assets will inflate as much as possible before do. 'If they do'
I think that is the best answer to be given. Its alot!!!!! I am not even gonna try because its probably impossible with the number of cost factors involved - but even 10% profit from sales over the life of the lease is many many times the MCAP.
Wow.
I think I have found a simple definition of a 'Stratigraphic trap'. Wonderful as those words were challenging for my challenged brain.
'A sealed geologic container retaining hydrocarbons' that is all it is.
Copl have three mentioned in their presentation.
If these are added together (520m+680m+146m) = 1.36 billion of gross secondary recoverable in the ground!
Is that $136 billion dollars worth at $100 dollars from those three traps?! Omg !
Now I know there are royalties and loads of other costs to pull it up over the decades left on the lease, but what is the best cost per barrel here. A really hard question I know. Maybe its impossible to answer.
Also can the flow rates be high enough to pull it all out by the end of the lease?
Price per barrel was $10 dollars after costs. That is like... erghhh ... $13.6 billion.
:-0
I am not gonna lie I was not in top set of maths when I was in school so need help calculating the really high numbers of 1000
You should put off digging your garden Copl Holdler!!! You might find oil.
I have a hunch there is at least a billion barrels down there. Might be a mile or so down... so keep digging.
There... that should keep CH off the board for a while.
I have done some further deep research today. It really is very exciting what is happening down at the powder river basin. The only reason I am invested long term is because the SP did not return to 30p as I expected as i placed a trade after ART called out the BS on social media. Which is still ongoing actually. I have bought two times since and will not be bothered at all if the SP goes down again in the short term as I could do with more shares.
Once the rare bird allows the drills in August, those should happen quite quickly. The drill equiptment can cut thrrough upto two miles in no time. Then further in the future more money will be raised for more drills. Probably in 2023.
There are facility upgrade, plumbing upgrades planned that will all enable good income generation in the future. We have warrants that should convert in next six months for more spending to get things going and lots of parties that have an interest in the share price going up!!! Not down so i expect shorters and trolls to lose out in the future.
Art is very invested at higher price which is good and expecting him to reach into his pocket again in a quiet period. I think he probably wants more.
I am also super hopeful about a number of banks lending to COPL post August to bring down cost of capital.
This is all about patience. I do think the oil price being high is vital for a time whilst COPL is reliant on ramping up production which costs money and reduces reliance on placings. .. but I think it will be high for a while.
If any of my views look unrealistic or if I get anything wrong just let me know.