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Timeline in full below (hence it is a Long term play)

i) the final results of seismic reprocessing anticipated in the first quarter of 2022;

(ii) the decision to enter into a drilling phase anticipated in the fourth quarter of 2022; and

(iii) the potential drilling of high impact appraisal and exploration wells anticipated in 2023.

As per the RNS in March 'the final results of seismic reprocessing anticipated in the first quarter of 2022'.

So in the next 8 to 12 months.

Indeed they did, but EUA only have 2.8bn and GGP 3.9bn shares respectively, thus giving them a higher share price. The basic formula to remember is:

Share Price x No of. shares in circulation = Market Cap.

I doubt it @JR - I think Peru news will come first and we also need to wait for the seismic processing of the data. It's at least a mid to long term hold here. Treat it as a savings account.

Which prospectus are you on about @RJ? I think you are confused with COPL.

lol

Just whilst we are discussing other stocks, I am also in MSMN at 0.15 but worth looking at KOD too (as Robertbreckon would back me up). Awaiting licensing from Mali government due at anytime. Very undervalued company imo.

Good luck all.

wants this to dip BIG for a few mins so I can top up further!

@Robert - let's hope BOIL, KOD and COPL come good! Haha

0.13 500,000 MREX 08:12
0.14 500,000 PEEL 08:07
0.145 500,000 CFEP 08:12
0.145 500,000 SCAP 08:06
0.155 500,000 WINS 08:12

Just topped up with £5k. Long term investment for me.

Given the recent focus on Atomic, I totally forgot about OPL226. Does anybody have any clue on when we can expect an update on OPL226? Surely, the Covid situation must be improving in Nigeria.

@jonesrichard - with all due respect, I think you're only here for the short term (i.e. pump and dump). I base this conclusion looking at your posting history in other stocks which have spiked - 88e, SYME, ICON, CTAE, etc. As @hfb states 'gnore everyone, set your own targets and if you achieve your targets, you can not be disappointed, no matter what happens next'.

It would be helpful if you added value in your posts rather than continuously seek reassurances and enquire about SP predications as in most investor's eyes, that is considered ramping.

Nonetheless, I wish you luck.

@Jeff, I’m waiting to load up again too my friend, but just waiting for the right entry point. Let’s see what games the MMs play this week.

Just make sure you don’t go putting in an offer for all the company ;-)

No particular date set for decision on Peru drill but I’m sure it will be during the summer months. It’s currently in force majeure. It’s a Covid related issue so we’ll have to see how things are in South America. We dont know the impact of the Peru operations on the share price yet, this could rocket on the decision to drill or perhaps fall back if delayed future. Hence, it’s fair to say let’s keep our feet on the ground because the Peru decision will come before results of seismic processing.

Hope the above is helpful.

Absolutely @sha. A long term play.

I’m sure we will forget about this and put it in the bottom drawer once COPL comes back ;-)

Hi @shaa, 20% increase would give us 0.13 from here mate :)

Lol at these extortionate share price predictions for tomorrow. I doubt we’ll increase our market cap by 50% tomorrow. In my opinion, I think we only rocketed up from 0.06 levels was due to the churn being complete. I think we’ve found our resistance level around this .10 area and will now depend on the supply and demand for these shares. Remember to buy on any dips folks.

No problem @Jarv. I’ve been in BOIL since last summer so I’d like to think I know a bit about the company.

@Oil_Beast. Absolutely looks the market cap. In my opinion, I do believe Shell will come back for their initial licence but this won’t happen until we get any indication of the seismic results. I do believe though, with Shell coming back will blow the share price out the park.

Exciting times ahead but equally, wise to say to keep our feet on the ground.

Just to keep the board balanced and fair (as it has always been prior to this week).

Taken from the Allenby Capital report.

We see two key potentially influential share price catalysts over the next year or so. These are positive news concerning progress, firstly, on the TGS seismic reprocessing and evaluation study and secondly, on securing a farm-in partner for Chuditch. We think "ground-breaking news on these fronts is unlikely before the third quarter or indeed the fourth quarter of 2021". Although of less relevance than Chuditch, a decision to go ahead with the drilling of El Barco 3X well in Peru could also be a catalyst for the share price.

@jonesrichard - just be careful with your potential valuations mate. You’ve only been here a few days and are making ridiculous share price expectations. It’s best for this to rise slowly and at its own pace rather than pump and dump. My advice is don't look at the SP but the market cap taking into account costs and LNG prices. If you go through hfb’s posts over the last month, you’ll see an extortionate amount of useful info at your disposal.

All the best.