RE: Court decision28 May 2022 14:27
Personally think we could easily be trading around 30-60 without cuda or the discovery, easily, But that really relies on reaching the higher achievable flow rates. Add better finance and should be attacking £1.
Cuda - discovery - drill program - incline production curves - high oil price etc etc all additional value makers.
Will it do 100% on Cuda deal, I dunno, could do, seen crazier things, wouldn’t be unreasonable, but given up with that sort of guesswork fantasy stuff a while back. Would say however that a good RS report + Cuda + hope of better finance then yes we should easily do 100% from here. Would be silly otherwise when you consider the mcap.
I’m really not that all that fussed with the discovery or Cuda. Still waiting to see if Initial Atomic assets can produce at and above 5000bopd for starters. The rest is all a bonus for me.
Like things squared away, solid foundations, back up plans and importantly cash buffers and worst case scanario planning.. COPL has been a crazy horse so far, unpredictable and unnerving, partly I believe that’s effective the general sentiment but feels like they attempting to stabilise the ship now and looking forward to that phase very much.
My random thoughts anyway.