Member Info for wookieemonster

One things for certain the markets certainly not believing Arts Imminent RBL and absolutely think he will fail on getting a JV.

Sub 16p still, thousands of posts and nothing.

The Market does not think Art is true to his word. Will he prove them wrong or right that is the question!

RBL / JV watch this space. Art is a doer and a good negotiator. He knows what it requires and takes to make this into something, and he’s doing just that.

Looking more interesting to be fair but at 16p far from excited. We need to be back to 25-50p minimum. Let’s see.

The conversations here lately, as I said a few days ago have been text book manipulative style pre a good rise and looks like it might have started.

Still sub 16p small recovery to lost ground after big loss of ground, will be something when it’s 10-20-50% gains, otherwise it’s probably more of the same

Guys we are still lower than the lows of 16p? I’m looking forward to boom, but hope 3% up isn’t what is considered a boom now!?

Speedy recovery Panamabob, hope things get better

The conversation steering here is text book, pre big rise. Seen this exact pattern on a few shares previous. Let’s see..

Great for the guys this year in BOIL I’ve been in and out of it, bit sketchy as a big investment… put it all in here… going well so far…

Saying that, both BOIL and HUR spent along while in the trenches and both flown, COPL is long over due a return to form. Even getting back to 25-30p range ( the price has been far higher pre CUDA and pre mammoth discovery!

Fairly optimistic out time will come here. Would have guessed a placing on the way with how we been locked here for so long, but doubt it, perhaps it’s the continued perpetual unloading of cheap shares.. either way, so much archived except value. Hopefully that changes sooner than later. It’s about time we had our time here!

Tonlin agree, I’m not fussed about specific date, just that it gets done best it can.

100% we will get those prices of news soon, and now we have the additional resources verified, flaring permitted and production increasing Art is in a strong position to negotiate terms.

Hence the stubborn hold still at a loss for me.

The share price is simply not what we are worth, it’s considerably higher, believe we are in a strange sort of “prove you can deliver” limbo.

Adding to that HH1983

When you say if oil drops to x figure and not in profit it is assuming low production. Important to include that our current wells are not running at capacity. Our production now we have flaring granted and upgrades should see significant returns on existing wells. Oil price also looks to remain rangebound with a possibility of increases next year more than dropping imo.

Agree RBL would be good to swap for existing debt, but have a feeling a JV is taking precedence. Pretty sure an RBL would have been secured by now, or at least approved, hence why my gut feeling is that negotiations are underway and possibly JV news will come before an RBL.

If neither then simply restoring production will increase revenue and allow us to progress at our own pace ( slowly )

This huge discovery though won’t be left to exploit in 5-10 years, so pretty sure we will be getting a partner very soon.

I guess all I’m getting at is that for all our investment, the only beneficiary so far is Art and Copl.

Shareholders so far have had all value stripped from them over the last few years.

Just hope this changes.

The problem we have, as our Canadian friends shared at the start of Atomic was the constant new carrot dangling. No amount of patience so far has helped with that.

A company is not valued at what shareholders are willing to pay for it, it’s valued for the assets. Would happily willingly pay £50 for a 1967 convertible mustang but that doesn’t mean that’s the value.

What the newer posters don’t grasp is that the LTH not even asking for much, just fair value, or even half of fair value! Half of the baseline asset value… it’s considerably more than 15p…

It’s been a log time since we acquired Atomic. Our share price does not reflect any progress since. Not really, if anything many are worse of than before we got Atomic.

Am very much looking forward to seeing what catalyst will help us here. So far all good news has resulted in worse positions.

I suspect more carrots, Cuda being resolved was the last one, then it was definitely the Ryder report etc etc

How long can this continue I wonder.

Sage, many here invested on huge amounts of research, have been invested for years and invested considerable amounts.

What on Earth is the point in investing if there isn’t considerable upside for the huge risk one takes. Answer none.

It’s certainly bit gambling. Many ppl really get investing and gambling confused. But the internet has changed access and that does complicate the day to day.

Enjoy the weekend, because Art is on our money that’s for sure.

Company Shareholders being absolutely fleeced this last year or two.

We need results & action and value added. SICK of carrot dangling carrot after carrot, first atomic, then 5000bopd!! by last Christmas, then Cuda then Ryder Report and a billion+ barrels !!! Then RBL and now a JV… what’s next.. honestly it seems like there will be yet another hurdle to come.

Yet we are 15p and a totally sh*t mcap.

That’s the truth of it. It’s just a merry go round of bu11**** and it’s really about fkn time we got something done.

When will we get some bloody value here. Reserved posting in market hours because of the trader bed wetting comments but fk this man, Art needs to deliver, its way over due.

If it’s not soon, then it’s more of the same to come. Which is dilution and rubbish mcap. We need a change.

The fact people celebrating being less than last week surprises me.. we dropped on good news lost any small gains we managed to claw back recently and now once again sub 16p.

It ended blue / green but we are most definitely red big time.

Awful week here again, we need an actual genuine recovery, finance sorted and drastically improved production.

We are dropping!! Not recovering currently.

How is this a good finish? It’s a Rubbish finish for the week! We are less than before! A good finish would be 25-35p not a tiny recovery to almost meet a previous drops price.. we are less than our lows..

Share price is an absolute disaster.

It’s required by H&L for certain. It’s a non issue. If anyone not sure, call your broker! That’s what they’re there for.

I signed this form years ago, the company is not British, it’s listed on the LSE but the company is not in UK, it was a requirement by H&L. It’s a non issue. You sign it and that’s about it. It’s small overseas legalities.

The reason an RBL is delayed potentially is due to JV negotiations. Maybe..

Tuvok but we have increased reserves considerably, gained Cuda, gained flaring permissions and focusing on increasing production.

This in turn will generate more income and more strength to negotiate deals.

Think this is why many people are taking the kicking of being invested. The direction of the company is good but the direction of the share price is very, very bad.