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Not planning on any drilling at Shannon until end of 2023 so they can upgrade gas gathering
Restriction were minimal plus share was down before any of this was mentioned
Good move of Art to get his wife to testify rather than him ha ha
#will be interesting to hear what settlement terms Art had to agree to for the protest to get withdrawn.Probably cash as that is what it is usually about !!
I'm sure the TW crew will pounce on anything other than 3.5MCF flaring being allowed.
Assuming you have no investment here given the negative tone of every post you have on COPL?
TW crew desperate
Good news - although it is subject to whatever terms have been agreed in private. It seems that there are some amendments that South Western need to adhere to. I'm hoping they are fairly trivial so just need the commission to give the green light to the additional flaring.
It might be they won't get the full 3.5 MCF and that's why Art gave quite a large range of what the extra BOPD might be. 300 additional BOPD if we get XXX flaring and 800 if we get the full 3.5MCF
Well not the day I was expecting - or dreamt of last night. I was being super pessimistic when I posted first thing about a closing price of 18.5. Oh well. Lets hope the SP rockets before Putin throws a nuclear rocket at Ukraine.
High volume today and I saw one post saying that most/all shorts had closed on IG so I guess that is a positive. Just TW and his crew of crooks now trying to ring the last drop of juice out of the SP. Surely they should switch to long and watch it sail to 30+ as they'll get much more money.
No idea why people are entertaining the FUD people. Remember they're the ones that are trying to destroy your investment. I've added 3-4 more names to the green bin today. I think most here are educated enough to know what the underlying issues are (lack of trust in AM, missed deadlines, Comms etc) but also know that we're going in the right direction and once we hit 2000+barrels by end of years we'll be making a nice profit. IF the JV comes along all the more joy.
Unbelievable that the gas injected into the system is worth double the current market cap on its own - and WE OWN THAT GAS. Maybe we should go into the gas business instead and have the oil as a side business :)
To avoid disappointment I will say
Open: 18p
Spike to 20p
Tree shake to 17.5p
Close on the 200 moving average of 18.5p
Sounds like the JV is a done deal. He said he has no casing for drilling but 'they' do
Guessing the JV put a spanner in RBL as they don't need to borrow as much
Art's first sentence
STRAP YOURSELVES IN
Love it
150k sell just come through. Looks like they cancelled the trade and got an extra 0.05p per share
Why can ART just not RNS that . The SP would rocket, rather than people on here having to dig it out and no effect on SP. Bought another cheeky chunk at 15.5 just in case the rocket comes out later.
Lets hope he doesn't fall off his chair later on when he announces it later. I presume he will be giving a shortened version of this tonight.
Hearing is now on 11 Oct unless they defer again. I’m sure someone will post the link to the live hearing on the day. Seems to be a busier schedule in court C this time so I hope we are on early
Obviously all to play for tomorrow. No 7am RNS and the bin juice will be out in force trying to tell us what a bad investment this is.
From the charts it is all positive. We finished above the 8, 20 and 50 moving averages which will hopefully form a support level in time. Momentum is up on the daily and weekly with the RSI, Stochastic and MACD all in an uptrend
16.5p seems to be the biggest resistance point for now, then nothing until the 20's
Personally I'm not holding out for an RNS myself as these talks are just for some exposure to hopefully attract new investors. That said I'll be disappointed if there isn't mention that the RBL is progressing well (no doubt the deadline will move to mid-october. Ryan needs to be fired if he doesn't get this over the line), that they have bought more pipe to actually drill a bl@@dy hole and that the flaring is working well.
@Billbao - I didn't see you post again after your negative vibes this morning and calling me out. Thought you might want to comment on what a good day you had? £90k down at the start of the day wasn't it? I guess you are only £80-85k down now? Here's to another blue day and you getting some of your investment back
@ Billbo
For someone who claims to be £90k down you are very negative about your investment! You know we can see your posting history, right? And when IH likes your post I'm afraid you get tarred with the same brush as him. Interesting you are not commenting now we are 4% in the blue
Shorting crew out in full today doubling down their efforts. Green boxes galore .
Let’s hope it is a buy as I bought back in today !
Have to put my chart money where my mouth is so topped up 10000 at 14.12. I've got a long term pot (average 21p) but decided to try and trade my way up also
MM's took it down on very low volume on previous 6 days. Better volume today. Stochastic should break out of over sold tomorrow if we get a green day with the MACD also turning pink. Resistance at 15.5 then at 17 (100 moving average which is where it rebounded off a week ago). Given the lack of green boxes over the weekend and today (Ironhide excepted) we should test 17 assuming the results of how much oil has been produced is positive
12%?
GGP got funding for AUS$220million for Base rate + 3% and don't need to start replaying until they have started producing. Now that is what I am looking for :)