We would love to hear your thoughts about our site and services, please take our survey here.
They want to complain about nothing Opulentia. Just trying to Stir up something to disrupt things when everything is proceeding ahead. They beg for transparency and when they get it they cry like little whiny people. The presentation was great, we know where we stand now, additional wells are now free flowing, production will go up. They are sorting out waxing problems the same way that Chesapeake did (who were bought out by Continental resources btw). The RS report was good, but will get better after more exploration and work done. If people can't stand to wait for the near term production increase, and the RBL then they can sell up and move onto something else. I personally am very excited to see what is next.
Don't worry Jack, plenty of casing about and more than enough drillpipe too. The only slow moving item is the High pressure Valves and pipe/tube for the upgrade to handle higher gas pressure, this will have been on order for some time so shouldn't be long.
Art is doing plenty to enhance the share price. He is systematically improving the company and increasing it's assets. Next on the agenda is increased production from current producing wells. No good reason for the share price to go down today, I will ignore it and wait for Art to keep ticking the objectives off and the share price will follow. Just wish I had some spare cash to invest here.
It would be amusing if it wasn't so irritating. Other oil companies with zero or much lower production and much higher valuations. It will go up eventually. It seems the market wants us to believe it never will, or will take forever to go up. But it will, or i believe firmly it will and by a lot.
It is also reported on Bloomberg.
https://www.bloomberg.com/press-releases/2022-07-27/anavio-equity-capital-markets-master-fund-limited-announces-acquisition-of-securities-of-canadian-overseas-petroleum-limited
I think you are incorrect Opulentia old boy, I believe he is referring to when the price dropped to its very lowest, just before there was revealed a glimmer of hope about Nigeria and it subsequently 10 bagged over the space of a week or two. So equivalent in todays value was 4 pence per share. In old money 0.04p rather than 0.4p.
Don't be too spooked Ajep, worrying about imaginary things that people guess might happen n their worst nightmares isnt healthy. A simple plumbing fix it is not at all. Health, Safety and environment is of huge importance in the Oilfield so they will be ensuring all equipment is up to API spec or higher and like i say these high pressure valves don't just sit on the shelf waiting to be bought, they will be built. Normal times it is a 10-12 weeks lead time to make them. But now during a oil rush and with global supply chain issues and material shortages it will take a little longer than normal. For sure it is just a matter of time before they fix the issues. They will have ordered all required pipe and valve works already and just waiting on the delivery i am sure. Sit back, relax and wait for the good news. I am personally very excited to read the new production figures once the new installation is in place. That much gas pressure should bring a hefty load of oil to surface daily. :)
Yes that isnt true at all Ajep, the "pressure issues" are too much pressure which is a good problem to have. The remediation work they will do will involve installation of additional high pressure pipe works and valves. Some of the valves are long lead time which is probably the cause of the delay. I hope people arent spooked by all this rubbish people talk on here. If you sell based on chit chat and guess work you will kick yourself later.