RE: Q4 2023 - "Show me the money, Jerry"15 Feb 2024 14:43
thanks for that summary, rodneyt. playing devils advocate here; the gas injection programme was to be staggered and adjusted pending monthly production results. i would still like to see january production figs as these figures are released monthly, and may provide a clearer picture.
we know the oil is down there, the gas injection and gathering technique is ‘organic’.
this allows for all kinds of possibilities (and games to be played) without contravening the legal operation of the business. it leaves plenty of room for conspi******s to milk this space and for foolhardy, greedy investors, to be despondent and too easily led. the share dilution was an advertised fact rolling down the line. plenty of time to get out of the way if you had wanted to.
we are now awaiting information. the oil is apparently in place. the gas gathering system and injection is being tested. we await january production figures. we also await any official confirmation from the fca or otherwise that prosecutable dodgy dealing has infact taken place. meanwhile copl remains a going concern with mcap currently way below potential asset value.
therefore, there is every likelihood that the sp will rise during the coming days, weeks and months imv. and, ambiguity will be played ruthlessly by traders and ‘investors’ alike.
gla
wb