The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Morning all.
Nobody can argue that SP is pants and looking at our peers, grossly undervalued, however rubbish it is at present, all things have a habit of levelling out.
Our NAV should give us a bit of clue what we can expect to see in the near future.
Risked NAV: £187.5m
Unrisked NAV: £609.2m
And that is only factoring in 5% recovery rates from the billion barrel discovery, as it is similar in biology to Shannon, then it could be 40-50%.
Now that is not including a little matter carbon capture, which is gaining traction all the time and could arguably be worth more then our oil.
“COPL America Inc. ("COPLA") affiliate has signed a Non-Binding Letter of Intent ("LOI") for a Joint Venture with an established energy company”
Plus put together words ‘Industry leader’, then all roads lead to Houston Texas
If anyone is expecting a deal with Exxon then they will be waiting a longtime as it will never happen……………
Company used and potential for acquisitions and JV announcements will be with XTO ENERGY.
Second word in that name could be a clue, recently in one of COPL’s RNS’s
Definitely looks like we are taking right actions Shouston, just when our production is about to go higher and higher, plus a little matter of the JV
Nice post Eazy, which underlines current SP is immaterial, I am still expecting suspension on JV announcement as the time it’s taking it’s not just a few holes to be dug, it’s massive.
Also wondering if GGS updates are delayed to roll everything into one?
Morning F1D et al.
RNS read to me that there were 4-5 RNS’s rolled into 1.
That is a nugget over looked, as well as unhedged oil as discussed and BOD taking shares instead of money.
With Art moving over to COPL America Inc, all is coming together as well as name change.
PanamaBob “I get the impression that Cowan is very much a stopgap CEO”.
Looking that way Bob, IMO just getting things and people into positions, what’s the money we soon get a name change to COPL America Inc, guess who is already there?
Morning all.
FYI guys CNKS is now on board.
3.3 75,000 SCAP 09:05
3.3 75,000 WINS 08:34
3.35 75,000 PEEL 08:34
3.5 75,000 MREX 08:18
3.5 75,000 SING 08:14
3.55 75,000 JBER 09:03
3.8 75,000 STFL 07:58
3.9 0 FCAP 16:51
5 75,000 CNKS 08:16 ☑️☑️☑️
6 75,000 CANA 07:52
Morning Ed
I am now thinking as it’s taking so long and the amount of cash these majors have they might want the whole of CCU or even go further..
For instance, Exxon has just exited Brazil after 5 years and north of $4 Billion wasted, drilling off-shore, you yourself have highlighted the problems of drilling in the sea previously.
For what these majors can get us for is peanuts to them, plus Carbon Capture.