Member Info for Yachtmaster

Yes AM could drop a bombshell at any moment. Continental have taken a 49% stake in a JV with COPL to develop the Frontier and Dakota streams. It is far too risky to be out of this share.

Yes we understand that HFB. But what happens after the 400% has been recovered? What WI does it revert back to?

The selling info from Cuda talks about Copl exploring Fed Deep but it doesn't actually say that Cuda have a WI in Fed Deep. They give WI figures for BFU Shannon and Cole Creek but not for Fed Deep. I will do some digging through Sedar later but have meetings now.

WiseOldFool, I will get on to it and let you know.

I have added over a 7 year period and never sold a single share. ;-)

Hull City Forever, you are getting a bit mixed up between Atomic and Cuda. I like many others hope we haven't bid for Cuda's WI and that we never will. There is absolutely no sane reason to pay good money for their WI in some tiny asset when Copl have a 85% WI in a massive asset.

Don't forget that the pressure in the well was so high that they had problems casing it in concrete. They pumped 10x the expected amount of concrete into that well. A great problem to have. Can only mean one thing. We have a whopper!

Well they have been working on the find since August and SWP are a good bunch of people so very unlikely.

How can it be a dud when we are already producing oil from the well?

Bigbear2, AM has already done a placing to secure £8m funding for Cuda. Why does he need to do another placing? Cuda's WI for BFU and CC are worth nothing in comparison to copl's 85% WI in FD. It is like £20m for Cuda's WI in BFU and CC compared to £2bn for Copl's 85% WI in FD. Why even bother bidding £8m for Cuda's £20m asset.

Fatsuperman, Cuda do not have any WI in BF Fed Deep. It is 85% Copl and 15% CNOOC after 400% of the Capex has been recovered from production. Or possibly 27% CNOOC and 73% Copl. Depending on what documents you read.
Cuda only have WI in BFU and CC.

The problem with 88e is that they never find any oil. They have been promising to find oil for 7 years now. Drill after drill is non commercial oil. When are peeps going to learn. Big Dave just cons the lot of you.

7 days of manipulating the Sp. More like 365 days of share manipulation. If I knew who the MMs were I would round there to sort them out.

Turn predictive script off then. Simples.

I don't see any good reson to bid for Cuda. We don't need their WI in BFU and CC. CC can go on the back burner. All focus should be on developing FD to prove what an excellent discovery it is at 1.9 bbo. BFU we have to keep producing to satisfy the loan and keep monies coming in. Why waste good capex on buying Cuda's WI.

Hopefully Mr Scott has been there for a few weeks already.

It didn't yesterday.

Yes Bridgedogg, why only a 50/50 chance of success? Copl are already producing oil from the FD well.

I am starting to get articles from motley fool, rigs and other publishers popping up on my phone regarding Copl's discovery. The word is finally getting out there.

Just speculation.