Member Info for wwal17

Well I had a feeling it wasn’t complimentary! Ha

Don’t worry, he will be on your Christmas card list this year!

I know mate, you’ve made your feelings perfectly clear recently.

Here’s to 10 baggers here so I can average down on COPL (the hope that kills us) or the wife when she finds out how much I’ve “invested”.

Indeed Bob, think I’ll leave the madhouse until next week, let them talk amongst themselves.

HFB you love Art really, it’s just a bit love hate is all!

Cheers HFB, my only gripe is not getting earlier this week when I originally looked into it, typical. If it 5 bags though I won’t care, good luck amigo!

We live in hope Shaa, could be a belter next week on both fronts, let’s hope so!

Had a little punt here just because of my copl family.

“and DJH for obvious reasons”. - that tickled me.

It amazes me these people turn up trying to save us from ourselves.
Always thought it was a strange one, wake up one day and think:
“I know, I’ll spend my day posting on a chat board with the intention of telling people not to invest in a certain stock, tell them how bad it is, pick out all the negatives whilst antagonising anyone who will listen”

What a pathetic life to lead, either not invested or simply trading the swings. By all means, trade away, but have a bit of etiquette.

I could probably do with some investment advice but the last place I would look would be on a lse board, but thanks anyway chaps.

On the flip side, there are well informed posters, posters who back up their points of view with clear fundamentals, these I take on board, it would be foolish not too, so thanks to them.

Rant over mmmm Tin of mackerel for lunch!!!

Go on Art, show your confidence and purchase more, you said you wanted to.

“I am more than happy to purchase shares in the Company in the market when I can. In fact, I had planned to purchase more but came up against a blackout period today which extends to the filing of our annual results on March 30th”

It’s on the telegram group (about the only thing useful)
“Copl trading at 40% discount to core nav which only includes risked value of proved reserves”

Potential to half our loan interest repayments…

Thanks R Dunc

There’s that many numbers flying around at the minute I can’t keep up but I’m sure I seen it documented that the current hedge was in place until 2024 (maybe over time of loan). I’m unsure of the terms.

Having the ability to renegotiate better terms through RBL would be a massive boost and yes I agree, sooner Nigel can facilitate the better. Discussions already taking place for RBL so suppose just waiting on RS report to firm it all up.

Commercial banks should be queuing up.

@yact re: hedge, I thought the new loan was based on “the big discovery” only as it’s reserves based lending so unsure if this requires hedging, maybe one of the oilers can shed some light…

Does this translate to 321,000 (sep to dec) x WTI (currently 114)?

36,594,000 in sales…

Gold have you promoted yourself? I had you down as a castle or knight at best!

Steve, considering my average is circa 30p, I would love to get in right now.

We need a big buyer with sticky hands who believes in the company. This constant churn has us stuck in 2nd gear.

My hope is the RS report will attract the sticker hands and the RBL will offset a lot of the risk and in turn attract new more patient buyers.

43 mill mkt cap with 20 mill in reserves makes no sense to me, yes there’s debt but it’s manageable and soon to be on better terms.

Re:Nigeria, just come out and say it rather than burying it in a document, it’s shady at best and quite childish to be fair.

I’m still hopeful RS report and RBL will get us moving up.

Funded “progressively” which means no need for further placings, if this is true then very positive.

Cheers Drago, anyone there with an Exxon Mobil cap on?

Cheers Dan