Member Info for wookieemonster

( Wondering as this is dropping significantly since last rise )

When are people expecting game changing news, mid next year? Or expect a deal sooner? Just wondering

Not the hitler one lol the extremely boring looking one that lasts an hour, I’ll admit I glanced at the opening shots of a conference room lots of suits and shiny black chairs. May try and watch this eve if the world ends.

Personally hoping for some pretty major news in the next 2 weeks / months.

Ah England… so good at the end :(

Care to sum it up and what it means for us, can’t watch at the moment

cont… Maverick he’s a little arrogant with how he treats us. That’s a shame. Especially as most support with faith.

Have a great weekend all.

Thanks AJEP, and good points also! Share play I deliberately avoided sp grievance. We know production v debt have a strong influence, and imagine we are all aware of the frustration. The post was just to highlight, as it often get missed due to the focus on sp, that we have delivered much and at a commendable rate considering.

His focus is on the big game, not the petting zoo I think.

But being a

The company has literally said a JV is likely and under discussion.

The company said we would get Atomic, we did, they said we wanted Cuda, we got it, they said flaring shouldn’t be an issue, it wasn’t, at every step even though we’ve had hiccups we’ve always delivered.

From a company perspective there is absolutely no reason not get this done. Since the beginning the company has wanted to grow this into a mid cap or more. We have the resources and the ability.

Let’s see.

That's gold haha

Personally Knackered Panamabob. It’s been and is very hard being a shareholder here.

I’m an advocate for green energy, but invest heavily in Oil & gas. Green energy needs to happen not just for climate but mainly for health, animal, planet and human.

But the reality is, the technology to sustain is not there, the transition time is large and there will always be some demand and use for fossil fuel due to its many uses. The O&G globally is looking to secure safe reserves long term, and investing in doing so, transition costs money.

Filthy I do a lot of subsea survey work, the timeframes for rising sea levels to effect at the rate you are eluding is great. Though there is much to be researched, rising global temperatures do effect the science daily but tend to lean toward jme timescale wise. Just noticed there’s been quite a lot of chat about future demand and personally see it as a bit of a deramp here, and other places, that all, but you are absolutely right, with current high profits in the industry, it makes total sense for this asset to be bought and put to use as quickly as possible.

What are peoples thoughts about future gas over supply here? Not sure ints entirely relevant in the near term,, can see territories taking special focus on native supply from now on. Followed this for a long time and hold a small amount. Personally find those long range predictions almost pointless as O&G supply and demand can fluctuate greatly. Personally my view is that the world is in transaction stage to greener sources and looking at a decade or so before demand will considerably drop.

Just wonder how close we really are to getting JV news, perhaps mistaken but since announcing getting better lending via RBL it should have happened by now?? even with a stretched timeframes and especially as "banks lined up" Pretty sure it would have been a relatively easy process for COPL to achieve.

The whole Due diligence notification is interesting, again could be wrong again but assume along side that will be negotiating both the legal contracts and importantly the transaction price!

Feel it's unlikely the SP would be held in range due to the transaction price but at the same time an interested "Major" might want to suppress or keep COPL under the radar, so to speak, whilst sensitive negotiations are underway. It's possible there is some competition for COPL assets after all. This must have been going on for months and months before we even knew about it, as it can take well beyond a year to negotiate terms and possibly its a reason for our suppression and remotely possible the manipulation, speculative view only in effort to try and understand the why.

Either way, if the company is expecting things to be resolved soon ( for me that's by EOY ) then we could be in for quite a nice shock, especially when looking at near by operators, as has been discussed here. Production increase was always my main concern and want here, but a JV changes this company in a heart beat. Very very exciting if it comes to pass soon.

Anyway, coffee break over GLA.

Hate to say it, seeing as most of us have been more patient than a patient in a NHS waiting list for dental care. Years.

We probably need to be more patient…

Clearly most of us holding our shares through thick and thin and can see the reasons to do so through all the noise.

End of the day, we have a tiny mcap in comparison to our abilities and our assets.

COPL coms wise would probably benefit from underpromising and then over delivering.

Get the impression coms reflect Arts blood thirsty attitude to getting things done, and much of the time probably held back by other peoples timescales. But he does need to find a way of getting us out of this mess and achieve something much closer to fair value.

50p seems high from here, but considering we came back from suspension around 60p & later traded comfortably around 30 not too much to ask at all really. Especially as we have considerably more showing for us now.

Getting a JV on decent terms would be epic for both parties.

The way I see it, it’s hard for us LTH ago take this constant bashing, trading pattern lock down & seemingly no value added whatsoever for our pains. End of the day it’s all about mcap however and from a company perspective this has progressed considerably although not reflected in our sp. People often talk about ducks lined up… well.

- Purchase Atomic
- Purchase Cuda ( unplanned and costly )
- Additional Discovery ( conservatively verified and not the full picture )
- RBL / JV

Along side the capital requirements to do all this we’ve been burdened with low production, though we know that the figures currently being reported are a fraction of what can be achieved.

Art himself said we should be at least 50p currently, Asset value has to be minimum £1 here..

So what’s happening?? Perhaps another placing though seems unlikely when planning new lending, and now a probable scenario of a JV taking focus. But if you look at the pattern of progress and considering the 40 year “incline curve” of our production capabilities we are still effectively at the start line but very much ready to fly.

So why we are held so tightly in a range baffles me. More to the story no doubt.

Very much believe we will be getting a partner soon. Let’s hope that’s one RNS they can’t hold us back on.

( that was apple changing your name )

Excellent point there laywelyn.