Member Info for wookieemonster

120p not £120!

I’m not going to assume anything twitch this share so we see! but one thing is for sure we are long overdue a fair field to play on here! Company Investors have been so shafted from every direction we are full of holes and hemorrhaging money.

If £120 was what some of us considered “fair value” years ago and considering bond dilution and placings. Even taking Arts “50p” as some kind of possible truth then we should be able to claw back some recent losses I hope.

Perhaps we might not see 120p for while if ever ( unless consolidated ) but currently I figure 10-20p range seems pretty reasonabe short term if 20p was what we traded above and around the time of the going concern handgranade the company casually threw it us then 10-15p would seem a low ball target for now.

JV & its terms obviously will affect that.

The day we get some really good news will be so welcome.

I can’t believe that Cathy still has a job. I mean… I hope she doesn’t get paid more than £1000 year.

Been trying to have a positive outlook here lately but sometimes you just can’t help but feel ripped off by how this company runs things.

mrwoo. i comment agree the fact this company lies to investors is really sickening. the last i heard from cathy was the company is working over time to manage coms better with investors.

bull****. just more lies.

this is not the company i invested in currently.

had i known this is how we, as shareholders would be treated i wouldn’t have even taken a punt here.

thought the co would be better than this. will we ever get news that helps us recover the substantial losses here? it grows more and more concerning by the day.

I agree with that stas. I’ve not actually taken into account the future PE ratio at all.. been so used lately to looking at immediate factors it’s been so easy to forget that once we are stable cash wise ( and sitting on a production incline curve )

That any accredited value then will won’t simple be a+b=x figure.

I suppose that’s why we lost nearly 60% of our mcap just on a going concern RNS as if all the reserves just suddenly dissolved.

It’ll be a different picture when the ship is steadied and on true course.

Leeman “ obviously the GGS hasn’t worked or there wouldn’t have been a raise” wtf are you actually talking about here?

It’s not a PlayStation game mate. I suppose you just think it’s something you plug in like a kettle? quite clear you’ve never been on an engineering job in your life to make such a statement…

Of course just reading some company reports might indicate that the systems are being gradually installed to ensure safe operation. Which means shutting down wells ( lower productivity ) logically then needing running capital to do so as we know we running on low cash at this stage.

But yes, according to you the entire system we’ve bought just doesn’t work. Greeeeeaaat post… not.

Mafee thought you are blindly missing the point of production..

When we traded at 30-60p we didn’t even have Cuda, or the GGS systems or at that point, the discovery.

You are basing that assumption on past data not updated.

So even with the dilution / bonds, a recovery to “going concern levels” is not simply as you say.

Even with dilution, factoring on base level production of 2000-3000bopd and giving all reserves a 50% discount.

Then actually 12-18p within 12 months is easily achievable.

Because it has been already… dilution mitigated by significant improvement in both oil price and production levels.

if a share traded at 1p and people ramped it was going to 50p fair enough. but this share traded this year 16-18p with less production, less assets and yes less shares. but also no ggs system or jv being, hopefully, close to closing.

so considering dilution we aren’t talking about reaching figures never before seen. but only , recovering some of the lost value back!! thats not ramping.

that lost value has been due to sentiment and obviously being strapped for cash whilst paying to grow the company.

and yes i’m ****ed off as the next lth but let’s be honest here.

we are not talking about 10-20p as an initial target being a ramp, we are just talking about what we actually traded at very recently!!!

and the only thing that’s changed since then is shares in issue!! and of course the ongoing works to improve production.

i don’t get some of the moronic predictions by some prolific posters here. it makes no logical sense.

5p? We were 16+ with less production? Having traded before that mid 20s even with dilution minimum value on a rerate excluding JV but backed by production over 2, 2500bood has to put as at minimum 12-15p now doesn’t it??

Or am I dreaming?

If shares in issue remain around the same and we get production 2500 by EOY 10p+ surely has to be on the cards within 12 months??

Nice post Eazy. I’m a little underwhelmed with production figures but can understand to a point the reasons.

Very much hoping the company is taking a much needed underpromise & over deliver ethic rather than Arts just completely lie openly approach!

The endless hurdles have yet to stop but at the very least, the company’s lost so much value it’s got to be pretty hard to mess it up from here. 60p - 1p is pretty good going in that front.

Getting back to 10-15p would be a good retrace. But can not company do it is questionable at this stage.

They should… but they seem to prefer destroying value to date rather than add to it. It’s impressive really.

Carelful art was pumping the hell out of this at 60p, 30p 16p and 13p.

His interviews certainly swayed me to buy. And now look.

Arthur is ok with one thing only and that taking YOUR money and putting it in his pocket.

Fact.

I think there’s some very under researched posters on here.

Having traded at 19p+ this year and in light of the recent dilution but countered, hopefully, by a “significant” increase in production. Let’s say conservatively estimating once all up and running again at circa 3500bopd ( considerably less than current full potential ) against what looks to be a stable, if not increasing crude value of $80+ then it’s very reasonable to assume 15p is not an unreasonable figure at all, within the next 3-12 months. Some would argue that’s very low others very high. For me it’s a very fair target based on the facts.

One of those facts is that the sp is not reflective, at all, of the actual assets and current capability of production. Currently capped and reflected in the sp.

This is not including the JV and any upside that might bring.

As suspected, i think many here not fully aware of the implication of installing significant engineering changes. Quite obvious we would see substantial offline periods whilst the systems are installed and checked. Let's hope WTI holds or increases and see how things are when all systems go.

Many wells will have to be shut down. It's not simply plug and play.

What matters is what we are consistently achieving when everything showing green for go.

Excellent summary and much appreciated, I’ve slightly over estimated the capacity site wide then, but still very positive figures.

When copl got Atomic and posted 5000bopd achievable; it’s always obviously been a target. I’m expecting some issues with the GGS.. but hoping for at least 3000bopd EOY, so not far off your 2700. Looks relatively reasonable that oil should remain between the $70-90 region. Plenty of reports saying more but prefer an under promise over deliver approach.

With the amount of efforts regarding funding here, I hope that the team also are targeting 2500+ near term.

Especially with JV negotiations in play.

Thanks Eazy for that post

Also believe they are buys.

“The Company commenced upgrading its gas gathering system in the second quarter to debottleneck restrictions at certain well locations, to recover produced gas back to the gas plant and to reduce gas flaring. COPL is pleased to announce that the gas gathering system is functioning and was commissioned on time and under budget in July 2023”

Sorry to question this, been so busy lately.

Do we know if the entire GGS is now fully operational site wide and working as it should.

And If anyone has done so already, I’m trying to work out each wells full working capacity load limits? Trying to get a better picture of current production versus achievable production from current infrastructure.

Every share drifts innnews blackouts and will be traded and influenced as punts are made.

It’s quite clear that the only way we will see a sustained rise and rerate is web. The company proves itself.

This will only happen if the company can demonstrate it’s not a going concern. Is producing at much better levels and can easily service debts and or get a JV across the line.

Otherwise this is just a play thing for opportunists and punters and will continue to be so until it proves itself.

Sadly. Yet one still hopes that significant positive change is on its way.