Well, that's us below 2p.... how long before it's back to .2p
Art is not the man to turn this around, the company is phucked with a capital F... I have to believe a vote of no confidence from the directors and major share holders is round the corner.
I own this share, I own a lot of this share, I own it cause the underlying asset is a butt load of oil… however they are getting the accounting as wrong as the engineering, I may be drunk but after 15 years working as a process engineer I’m not stupid… we need to be bought out to the tune of 70% for this to work going forward. And if you disagree you’re a fool, the only way we stand to make money is by a major eating is alive smashing in infrastructures you can’t dream of and taking out 30c on the dollar - now the lot of you stfu and start wishing we get left with the crumbs
RBM, always up for an intelligent rebuttal, previously (10 years ago) I would have been on your side and agreed however in recent years the share price of O&G stocks seems to really be needing to see the extraction of the oil before it starts motoring I assume it's in response to so many dusters hitting the II's so harshly. I think the market wants to see Art not be so flippant before it piles in.
Personally, and I may be wrong (but no one knows until it happens) I don't think the report will have the impact you imagine it too. It will help and might bump us back to 25p(ish) but I'm not sure it'll stay there before dropping, once the oil flows out of the ground though? that is another story. Saying buy in now or miss the boat I feel is a very archaic way of thinking when it comes to shares.
FY,
TL
Great RNS(a)(asshfjtkrmncjdkm) this morning turns out the he might be able to write and RNA(a)(Goliebs) when he wants to, maybe this is the turning of the comms that Shouston was talking about, I will miss calling him an incompetent clown though and I do still want him gone but for now I’ll take the better comms
Whether the upcoming drilling campaign will produce a positive impact on the company... I mean, if there is confirmation of the 1bn+ barrels and we start to extract it... in my head we should already be higher than this but there is no avoiding the fact that AM has been forced into making some seriously difficult decisions to get the company into a far better position... I don't like him but truth be told I don't like most of you either, and you don't like me however one thing is for sure we all believe in this company or we wouldn't be posting on this ridiculous board
FY,
TL
BD, I saw your message but then it seemed to vanish, much like my posts throughout the day have, curious...
sorry if I don't reply to all of it but you're quite right that most companies the company I work for (not my company) buys are not operating at a loss, the ones I'm referring to are companies that have an excellent concept but have been in a distressed market. Thanks for pulling me up on that.
You mentioned the hedge, which is only applicable to x amount of barrels a day, a man of your calibre knows that so don't be a clown.
finally, every oil producer in the world operates with debt, it's how well it can service that debt that is the key.
Just a reminder all who are reading this, we have a huge drilling campaign being undertaken in the next 6 months... it's would be great of you all to hang around and see what happens to our share price if it confirms the massive find that appears to be under COPL's land a find into the billions that is 100% ours... again common sense dictates to wait for the drilling campaign... you know, like how everyone waits for a any share to produce a result...
FY,
TL
BD... I work for a company that is constantly aqcuiring new companies... it takes us about 18months to get them into profit making positions... as your wife will tell you, you've come prematurely
Price in the ground means very little if we don't start seeing the share price increase... we should all be living in A LOT of fear right now that if the share price doesn't start increasing we will all miss out on a giant about of money if some major or deep pocketed phucker comes along and performs a hostile takeover
Christ, I hope it's a lot higher than 25p BM
Right Shaa and crew, what we thinking on this lovely Friday, is COPL making us millionaires this year or are we in for another bucket shieght?
When is the AGM?
"This company is going to make a lot of people very rich indeed."
I dream of the day when a year's dividend from COPL pays my gas bill for an entire month!
must be a real shame when you can only afford to buy in at 10p, you're missing out on so much - green bin time
I'd have to rewatch to see what he said about timing but don't forget we don't need the pipeline in place for drilling to commence, the wells can be drilled, tested, and capped until surrounding infrastructure can accommodate production.
probably didn't need the throwaway comment about China invading Taiwan though smh
The interview is probably the best I've seen Art do... and I think he's a tool
this really is bizarre, lets think of this logically, the company has gone from a nothing explorer with a glimmer of hope for Nigeria being drilled one day, to a producer on American soil where president Biden (a man who ran on the promise of reducing oil production) has just executed a move to "open the taps" of production in the USA. We are producing and we are looking to increase production, we are a lean operation where the last 12 months have been top-heavy expenditure while the CEO has chased new opportunities and with the advent of yesterday's RNA we achieved this.
you'd have to be phucking muppet to sell out at this point after what has been achieved, was it done with a terrible placing? yes it was, was it realistically done to benefit Art's mates, no it wasn't but you want to believe it was because of the way the market reacted to the news.
I'm no fan of Art but the company? YES, I am a fan of the company. What it's achieving at the moment is nothing short of amazing (in the grand scheme of things) however because it's not done the way we would have done it we complain and moan... you're like that clown you see at a football match shouting at the world-class manager who he should bring on as if he sees the game the same way as you.
just settle down, the plan is in place for development, the money is in place for development, the permits are (practically) in place for development, all we need now is the management to show us that they can action the plan.
What do I know though as a process engineer? never seen anything like this before in my career *insert tongue to cheek*
TL