Member Info for wookieemonster

I mean, if we are say 16m mcap and we generate say 200-250m a year at circa 65-75 per barrel.. and with better borrowing, does that mean we get a value of 6p… infrastructure or discovery not included of course.

Bill as the news wasn’t communicated via RNS it won’t. Anyone not following copl wouldn’t have heard or processed the details yet.

Essentially not officially verified so to speak. The last RNS said coming days so possible to get a more concrete evidence on progress / conclusion this week.

Certainly looking more positive.

*Increase in production

We should be at least 12-19p really. The last RNS created an unwarranted drop. Understandable, but not justified.

If the company proves its not going into administration, reports decent increase in funding & better finance it should in reality go much higher than those.

Art mentioned 50p as a base currently.

We got slayed on the last RNS. And not rightly so.

The can drop big but will they rise big!

Oils been bouncing off 70 for a while, fluctuates 70-80. Predictions are to go higher but anything over 45-50 and we should be good.

So correct me if I’m wrong, but that’s a big jump in production since January! And some very interesting nuggets regarding financing.

Well, production up and better financing looking likely. 6p recently dropped from 18p…

This shares had enough big drops. Maybe soon we will get some consistent big rises instead!?

Sorry tommo, if aimed at me, honestly, don’t think I'm alone on that. Hate and love copl.

Hate because I’ve been here pre Atomic, seen multiple stitch ups and serious loss of value, averaging down and down and down over the years…

Love, because the LTH view seems and looks very positive.

To date we, as investors have been screwed. Traders rewarded and trolls fed very very well so think you would have to be utterly unhinged to not feel both optimistic and seriously concerned equally. As always hopeful this will finally support shareholders and add the much promised value! but certainly continue to be nervous until Art delivers on his many promises.

With all the averaging down still underwater here sadly, think it’s fair to feel this way.

Still have concerns this is a stitch up, It’s been and is incredibly worrying the current situation and no wonder we are at this price all things considered.

I’m half expecting a placing again, as we seem to always be knocked back and manipulated here as investors.

But clutching onto the hope this is very much a chess game at play, why buy Cuda and stretch out selves if this was just a lifestyle company, why commission an independent survey on a serious oil discovery if this was all make believe.

Can see why people can interpret this as a con, but also can equally see why this could and should be quite a big play.

I’m 50/50 that this will come good. It should, it’s just, have we been told the truth so far. It’ll only be days until we find out either way I guess.

Fingers firmly crossed the trolls and naysayers are not right this time. GLA.

Also topped up for my sins.. although I said I wouldn’t..

I’m still focused on the assets over current mcap, and believe the market is not allowing any value for much of it until facts are indisputable.

It’s interesting about the game changing drill. An RBL could and should have been completed successfully months ago.

JV has been communicated to be in due diligence stage months back, I’m hoping it’s a JV. But it sounds like there’s been a lot of back and forth on terms and improvements out side might have swung some factors back our way, perhaps.

But by the sounds of it, we should know this week! Sure hope it’s unquestionably good news for once.

“Company to exit this period stronger than it entered with a further update expected in the days ahead”

New shares coming Friday, without some good news can’t see this doing much for a while? What’s peoples thoughts on that?

Eddy it’s a fair figure and one many of us would be thankful for.

He also stated 50p was much closer to value. And we are 5p.

He’s also stated that production would be multiples of current levels, and also no placings needed.

He’s made a lot of promises to us and yet to deliver on those.

A game changer can be either way.. we need a game winner.

Personally feel the oversubscribed placing at these low prices should be a fair indicator that this should rise soon enough.

Obviously much depends on if they actually use the 3 million for progressive and value accretive purposes!..

I’m guessing that the fund raise was well communicated to contain decent upside, a fund raise at higher levels may not of been, at this stage, as easily found. Much easier when you drop hints of 50-100% gains from this range rather than when at 2-3p etc. Simply, if you need working capital, then it’s much easier to obtain when there is much better odds of return.

In that basic sense this is a good “punt” and for those looking longer term should give some comfort.

Personally for me, preferring to be honest about position. I’m generally a LTH in other stocks, though this one for me along with a handful of others is “punt” territory and dip in and out. I like the longer view for this however, but they need to prove themselves.

It’s an interesting watch with “an oversubscribed placing at 1.2p”

LTH must be livid though looking at the sp history.

It’s really quite alarming the corruption on Uk markets regarding placings and forward selling etc etc.

Notice a lot of stocks price actions being manipulated.

Plus side. Could see a decent retrace as the company fine tunes the business, sustainable certification would be a big one.

Would expect intraday RNS here if it’s going to come.

They say the 1.2p placing is oversubscribed so one would imagine there is good reason?