Member Info for wookieemonster

Odds are Q4 will be soggy squid. Hopefully will be eclipsed with combined update.

Well I appreciate all the input and I’m not an accountant so it’s really helpful for me to hear ppls opinions. Passes the time while we wait for blockbuster news.

If funds already committed to CUDA. And we want drilling in August, we don’t have the necessary funds to buy tens if of millions of dollars on new equipment now do we?

Unless… Arts known about this for a while and that’s what the previous placing was for? Not CUDA..

Wish ppl would say ppl are worried about a fkn placing… no one’s worried. If anything it’s trying to understand logically why we are locked in a price range.

I’m not worried about a placing. At all. But no one can explain why we are not even close to fair value on Atomic..

I did beetsy :) but when we will be paid back from cuda, can we afford to take out another loan or use borrowed funds on low production figures? Cash in the bank is not enough to fund a drilling campaign I don’t think?

If we want to get drilling in august we need to be paying for it now!?? It takes time, more than ppl think

I don’t want a placing WOF, but I was concerned looking at trading that we MIGHT have been seeing one snuck in, but only made worse by the fact it happened the same way recently.

Which is also why I think it’s unlikely! but I make no assumptions with COPL.

I also think if the money is spent on CUDA, and it turns out we got outbid after the last raise we MAY need more to offer..

Also we MIGHT be thinking, we have this great big discovery and let’s do a raise right now to fund 2-4 new drills asap and get producing now to further prove its recoverable and then, thus use that huge uplift in production to push on with more drilling. 51 miles is a lot of ground to cover after all.

We will need a JV or some serious uplift in our already producing wells to afford ( assuming we buy CUDA ) more infrastructure, which may also mean upgrading existing pipeline etc. And if Art wants to crack on as stated then it’s possible.

HOWEVER, if it was me I would release that CPR, get the sp to rise then do a fund raise on the back of that. IF needed.

So I suppose what I’m saying is, it’s a question of

Do we believe we have enough money to both buy CUDA and fund new drills on the new discovery as indicated this year AND keep power dry for the borrowing requirements / security buffer?

I do not believe at all a placing would be for anything else other than bringing a faster return. Let me make that clear. The only argument for one, I believe is going it alone for now.

Same boat chox, aside from a small play in KOD ( almost the opposite of oil.. sort of.. in a way.. maybe ) All my portfolio has been sold to go here.

Last hurrah or something.

Fair play Brel, I have the same concerns at times re another placing but don’t post them all the time or everyday, especially as many posters here are regular and read it / seen it.

Obviously everyone always favours the comments that suit their agenda or wants. For me I just like reading balanced and mindful posts of which we have many here thankfully.

Plus the bonus of getting negative views is a chance to prove them wrong. So win win really.

Hahaha

Best of luck to you jimbob :) copl going up and oil going up!

Brel.. we had weeks of share churn before the last placing was announced. Iron could still be right in his *assumption* he’s not saying there IS one. I think people need to understand the difference between stating something as a fact. And sharing a point of view.

Not taking sides just trying to being fair to everyone.

Problem is they’ve already sold a lot. Yes they must expand their portfolio of products but the guardian system is their prime product and they’ve already sold them.

This is why I’ve been always asking questions about knowing the future plan, as it stands it’s no wonder they are struggling to find investors. You have to have a projection forecast.

Really struggle to see how this will come back at 1p atm if at all. But that’s only because no access or idea of their plans.

Good luck to them, be great to loose the NUOG noose.

With the military news and also Russia general market woes I’m impressed this is rising

If you only base your decision on what’s been told to us via RNS then this is a screaming buy.

It’s only us who have weathered the storm that are uneasy and weary.

For new eyes this is a truly exceptional opportunity. Imo.

Brel to Ironsides credit, the few weeks before that there was actually a placing. And the fact we are locked and dropping with some strange trading patterns lately don’t entirely not rule out the possibility of a placing.

Equally we may be seeing continued offloading of previous placing.

I think iron is pointing out that it’s not completely out of the question rather than saying it’s true of happening.

I thought after we saw no late late trades we should build again but we are not. Strange when you consider that within weeks months we may be confirming one of the biggest oil finds on US soil in decades.

Previous conservative estimate on value was about £1.35 before discovery. We are struggling to stay in the 30s.

There must be a reason. If we can’t even reach not even fair value on Atomic assets how are we going to get fair value on 1.9bn barrels..

I guess we are looking at possibles and the market is only seeing and focusing on the strict reality of low production and unverified discovery.

When that changes the sp will change imo.
Increased production, CPR and hopefully new licences.

The fundamental error I can see, is the business model itself. If you sell a large plastic barrier that will last many many years you only get that sale once. Boat fails, you love the barriers to new one..

Problem to my mind is a core error. This should be a rental product. That offers long term projections and forecasts. You can only sell to so many ships in high risk areas.

This product should also be a life preserver / raft system.

Bwtfdik.

Not doubting taxi I’m a realist and just say it exactly as it is. Don’t make up fantasy’s to suit my agenda if I had one ( which here is simply recovering my investment ) we have Another missed deadline and another, and as I see it they haven’t raised enough money yet otherwise they simply would of listed. This is not the first missed deadline.

I agree with that it’s not as fast or easy at the moment to get things done on time. But that argument sort of irreverent here as they’ve had so much time and even with extended deadlines still struggle.

When I see something to be optimistic about I’ll comment and praise it. But won’t make up things that are not true because they’re what I want.

You say I, or, us private investors don’t deserve to be told what’s going on. Asides from thinking that’s inherently wrong had they asked us to be involved in the raise would likely put in a few hundred thousand myself. But as you say our money not good enough. Seems silly to me.

Obviously not easy to raise the funds taxi. Perhaps due to lacking some of that information they don’t want to share about the business.. which might help…. But you know best.

Hundreds of thousands if not millions from us unworthy investors not good enough still I wonder..
Don’t want to say I told you so..

Been out today, just got in. Good not to see delayed trades again after hours, eases placing concerns, and some comfort and also happy to see we held above 30. Although not a great day, it’s actually not bad considering.

Lots of news to come that should hopefully counter global sentiment and bring some much needed substance to our copl.