Member Info for Trickymatters

I had a look at this earlier. Problem is, if they're not buying they could be selling. Someone is. Poor deal for shareholders offering AOL shares below the market price. They're doubling their money if it is them selling. Then eo else is just getting spiked. Bit high risk for me.

If they're drilling 3 zones to 1600m as they say in the RNS they could report iteratively or when they have concluded the project. They are experienced and they are already producing gas and oil. They have no debt so I don't see why we aren't already at a better sp than this when they're in a safe jurisdiction and Russia are cutting off supply to the EU. In the short and medium term we need alternatives to get more influence in energy markets. Should come good and it could happen very fast. I topped up at 11.125p. The price should start moving with or without news now.

Apologies. I am just referencing debt that TW has tweeted taking debt, warrants into account. The point I am making is that the debt is not salient part of the business case. I expect he is lying. Should have checked every single thing being said on Twitter. Profound apologies actually.

What happened with Muddy Sands? No idea about this reference. Not a long term holder, sorry. Interested in what you have to say though.

We're not here for Monday's results are we? $145 million debt vs 100 million boe at around $100 dollars a barrel. Recoverable. Independently verified. If indeed the sp falls to 12p they won't let you buy that low. And it will bounce back quickly. We need oil until we have renewable energy. There's a war on and a nutter who's trying to hold the world to ransom. Those are the important factors affecting the macroeconomic environment.

The point is the 'massive' debt is absolutely dwarfed by the massive, recoverable asset. Some of the warrants may be getting cashed in or used for shorting. That's how nasty these people are. They will take advantage of the relative short termism of PIs. And then they will close their shorts. Winnifrith shorts the market for a living. He is now posting incredibly aggressive, abusive tweets. Why is he so worked up if he's not in? He's shorting. Taking advantage of fear of Monday's results. Which we already know will be lukewarm. But they should also include an update on the RBL and a reminder that they have 100 boe of oil, independently verified by industry experts. If this bounces back next week the relief you feel from selling will soon be replaced by schadenfreude and you will either end up buying back higher than you sold or missing out within a couple of weeks.

My point of view is that Putin is cutting off gas supplies to Europe, bit by bit. How long before he really starts to cut off his nose to spite his face and starts reducing oil too? Opec are hardly coming to the rescue are they?
Biden wants security of supply from the US where possible but he's keen to help Europe where he can. 100 million boe is a high demand resource. If it's there and recoverable the pressure to secure it will increase. Yes, there's debt. You can't make money without spending some.
Copl will get their RBL. Results on Monday won't be all that. In a couple of months they could be doing deals with ExxonMobil.

Monday should be good. Additional drilling started in Romania on time as promised. Already got 6 million in the bank. Share buy backs. No fund raising. Gas and oil producing. Well positioned to support the energy needs for countries vulnerable to Russian vetoes. I think the market was disappointed in the time lag to step up production. But that is resolved in Romania at least. Might hear more about Tunisia next week. In the meantime, Olaf Schulz, the German Chancellor, says his plan for energy security involves new supplies from Central Europe and North Africa. Bodes well.

You can buy for 11p. I would stop complaining and just buy if I were you. I have just added 2 new little buys at 11.12p. Results on Monday with presentation. Profits will be up again. Some of the Q1 sales are to be added to Q2 results. Cash rich and planning to manage a share buy back plan this year. They will do that before the new drill results are announced if they have an ounce of sense. We aren't really on the market's radar. I suspect we soon will be. They're also looking at better tax incentives with the Romanian government. Russia are cutting their neighbours off from gas supplies. Senx is well placed to help geographically and in the light of increased productivity from the new drilling campaign. Why wait for the rise before you invest or reduce your average? Hard buying when it's red. But they do say buy low for a reason. Lol.

Barron Flatts
Had some safety issues which are being resolved responsibly. Production is increasing now after some delays. A lot of detailed oil man explanations that are not much to do with the bottom line. Anyway, they're pleased that they have found some clever ways to resolve the issues at Barron Flatts. Production will continue to get better there.

Dakota has another 200 million barrels recoverable.

The difference in their interpretation is that COPL will drill the RS area and other areas of the land. They're saying 136-170 million barrels are recoverable in the primary recovery and 680 million in the secondary recovery. They have justified their view in detail. Above my pay grade to explain. Not a geologist. Sos.
Working on an updated report for Dakota.

The first point they're making is that RS have only evaluated less than a third of the land which COPL own.

Pantheon might not get approved. It's in Alaska. We have global warming. There's a Democratic government in the US. They are just putting a massive climate bill through. They want more domestic supply for security. But Alaska will be a step too far imho.

ISA transfer? Or SIPP?

The company are tweeting a lot at the moment and industry press is talking about them with some excitement. I'll share if anyone isn't on Twitter. Just had a £108k buy before 4pm.

They're talking to partners now- if you watched the presentation you'd notice that? Doing a sample drill next, this Q3 and getting set up thereafter. They should get a partner. Already got a ii on board. Project is very valuable and the market is fast growing to supply batteries.

OK. Thx.

The RNS from 25th July says the copper grade is up?

Might happen one day. But not any time soon. Made the mistake of thinking the recent promotion might give this a lift but I suppose this is a classic bear market and it won't be cheered.