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Don't agree grumpy this is the equivalent to a company having found a massive gas field and should be included in the economics of the company, it should help bring others on board and if we need to do a cash raise it would mean less dilution for us. It is important the company gets it out there now as there is a potential method to get the gas to market and it is only our gas that has the right CO2 qualities without building big infrastructure to allow the gas to be sold to market. This is important news for the company.
Would be really nice for the company to get this positive news out into news with some detail on what could be the impact on PANR financially. How much gas do we potentially have etc. This could help secure funding for the future as companies may look at the oil side as a good in for future oil and gas. Mangrove should be heaving heart palpitations at the moment as this news is a bit like other companies finding a massive gas field. Well we have oil and gas in massive quantities and just need to get it to market. This company has the potential to go to the moon, just got to hang on in.
We need Trump to win in Nov. He has already stated they will push hard on oil and gas, especially selling it abroad. You could see the pipeline come on stream very quickly if he thinks there is money to be made for the country.
Interesting Viable why do you think they will only perforate 6/7 fracks?
How nice is it to have a company that is not looking for cash from its investors every single year! It is now self funding and is aiming for 15 new wells this year alone, brilliant. If they can pull off the horizontal drills and achieve 1000bopd from each we will be laughing.
10p would value the company at roughly 2.5Bn quid. Not happening 5lawsofgold as much as we might dream of it. The SP might be very low at the moment but you have to remember the number of shares in issue.
Getting to really enjoy being invested in this company. No drama, no debt and consistently good results. They are also drilling like mad almost a new well every month. Once the horizontals come on line this should really take off.
Yes Peaky that was the start of the massive fall in the SP. I have not yet forgiven them for that great move. Still have no idea how it was allowed midway through a drill either. Thank goodness Dave has come on board and has bought some financial sanity. When I think of the spending spree they went on with little regard to the SP it gets my blood pressure up. Every drill had a problem (concrete, blockage, gas cap/wrong fracking mix) Now we are going in the right direction although I am disappointed by the lack of a drill this year. Just got to hang on in.
Whyohwhy never listen to rampers or the trolls, do your own research, way up the risks and then make your decision as too if to invest, it's no good blaming others for your investment, you pressed the buy button. Nothing is sure-fire or guaranteed to make you money. This share still has potential to make people money but we need a load more info from the company.
Waddaweknow there is no way it took the JV company over a year to discover that Art was telling porkies. That would be very obvious from fairly shortly after getting into the detail. Without more detail we are all just guessing which it is why COPL should be giving us a great deal more detail than 'Its off'. They have no excuse not to tell us why and who it was. There just has to be more going on, otherwise it's time to fire the CEO and other members of the board. The NOMAD also needs to get its head out of it's ass as they should be demanding the company release more detail.
Leeman you need to take a deep breath, nobody forced you to buy COPL shares you did that yourself. Anybody investing in small oil companies is playing with fire and hoping for a quick buck. You are just as likely to lose that quick buck as we have all done here. I could buy a load more at this price as that oil has not gone anywhere nore has the carbon capture possibilities, its still all in play. This share has been driven down hard over the last 12 months and I suspect that somebody wanted in on the cheap. Most likely the COPL have had said enough.
If the two wells exist I want them opened up ASP, if not then raise some money, I don't care about more dilution at this stage and drill a horizontal which will produce over a thousand barrels a day and lets get going. We have wasted a year fafing about with the JV.
I suspect whoever the JV company was that they were asking for too much. The oil is still there and perhaps now we can get an answer on the two wells that were kept quiet on due to the JV. Lots of answers required from the board as too what went on and why talks have collapsed. Not good enough to just put out the statement as is. Get a grip COPL and start to look after your investors who all you have done for this year is shaft them.
I am struggling to believe people are stupid enough to buy shares in this company at this time. Cash raise imminent, a totally inept board and no helium found in any meaningful amount. But hey I will splash some cash because I know better. Madness.