Member Info for SteveV

Volume was over 20m today almost 4 times average.
Lots of buyers and sellers !!

Hedge funds with warrants selling at 20p for free money. 20% profit from 16.75. NO risk. That is what hedge funds do.

Churn, churn. SP will go up eventually.

Subsequent to that broadcast he said in an RNS (last week).

".....of which 1.2-1.6 billion barrels of OIP underlays COPL lands. The Company expects Ryder Scott to confirm these findings when it publishes the report next week....."

So that sounds fairly sure.

I think it WILL be this week....two days left !!!!

With the SP rising the £9m worth of warrants will no doubt get snapped up.

With the RS report we could well see the SP over 30p. No doubt the 24p warrants from the previous placement will get snapped up if that happens.

So that make another £11.4m in the kitty for COPL. No doubt that will help to start increase production and the delineation.

I think we are on the cusp of something big. History has made a lot of us cynical/nervous

Nice rise today on MUCH higher volume than normal. Very promising.
I would expect this to continue until the RS report now.

Think it will up again tomorrow for sure.
Peeps are starting to realise what we got going on here.

Feels like momentum is building for a breakout from a tightly coiled spring. !!

Don't lose sight of:

In a an official RNS:
Art: ".....The market continues to misunderstand the full potential of our Wyoming assets. In my near forty years within the oil industry I have seldom come across assets with such prolific oil and gas potential..."

Art: "....of which 1.2-1.6 billion barrels of OIP underlays COPL lands. The Company expects Ryder Scott to confirm these findings when it publishes the report next week...."

Does anyone know the going rate for 2P reserves in on land USA currently. Any examples that have changed hands recently to compare with.?

Well we will have to get up to Canada's close, or they will have to drop down to us....Arbitrage

Another day where the sp goes up a few % then proceeds to go sideways for the rest of the day?
3rd day in a row now.

Ah right, thanks BigBear. So Anavio took a big chunk then.

Well this is new isn't it. Arthur has just raised another $16.8m for 84m shares.
20p a share I make it.
Is that why Canada jumped up to 22p

21.8pence now !! Do they know something ?
Is the RS report coming out earlier than they said.

I am expecting the RS figures to be what COPL have stated. It's in the latest RNS.

"....of which 1.2-1.6 billion barrels of OIP underlays COPL lands. The Company expects Ryder Scott to confirm these findings when it publishes the report next week....."

Wow, yes that is 20.63 p equivalent

So I am expecting Ryder scot to confirm circa 1.4 billion barrels. 85% is all ours, gives 1.19 billion barrels.

Even a miserly 10% recoverable is 119 million barrels
40% recoverable is 476 million barrels.

So that said, do we assume todays SP flatlining was the mm's definitely accommodating a LARGE institutional buyer in the wings!
Interesting to see what will happen over the next few days. RS report next week..!

It is odd how the sp has been going sideways since 0930. Can't get above the 17.50 mid price.
Should be more volitile with all that news.
Does imply a big buy, or, a big sell order being worked.

CUDA also takes us from 58% to 85 % of Barons flat deep (the big find).

Looks like RS are going to confirm that. Let's say 1.4billion OIP.
58% was 812m.
85% is 1.19billion

So we may have acquired another 378m OIP as well as all the other CUDA assets.
Does buying CUDA sound cheap to anyone ??