Member Info for Yachtmaster

Nothing happening now for 2 years. Will the sp fall back to 1p?

I am surprised the sp has held up as well as it has. There is still plenty of time before next news.

I think you mean 1.1p
Same for me.

A tartan suit! Tall, slightly greying hair. About mid to late forties.

Shorecan haven't given away anything yet until the contract is signed.

What I meant last night about Aberdeenman was that I know what he looks like having met him in the flesh.

I think Aberdeenman is still about but using a different name. I met him in London at an 88e investor conference many years ago.

Just need to wait for 1p before loading up with more. The impatient are selling at a loss.

I am sitting back and relaxing. Any day news could drop.

NoEasy posted about the 3 oil bearing zones last weekend. That is where the 2.4 Mmbo came from at 25% recoverable. That is a conservative figure. By the way it is OPL226.

No. Not at all.

Yes Dusty totally agree. COPL don't need to purchase the 10% until we know whether the first drill was a success. That is what makes this deal so attractive as an investment.

Petrol, yes I have been saying 4p to 10p and more for weeks on full field development.

Cdn, what do you think Art needs to raise funds for before the drill? He has paid off all the debts. The additional 10% share can be paid for out of the proceeds from the drill or a loan based on the revenues from the first drill.

Having been here from pre Liberia drill I would say 10p is fully achievable with full field development. However, that will be a few years away.

I have over 33 million shares with an average of 0.07p so I am fairly interested in daily movements although I won't be selling any until the drill whenever that might be. We may get news this week depending on the interpretation of "35 days". Based on all the evidence I am 95% sure the drill will be a gusher and the plan is to drill 4 wells. By my calculations that is $100,000 per day net to COPL after expenses. We just need news to firm up on PSC, contracts and timelines. GLA

Assuming we get a well drilled by December amd we hit the motherload then between 4p and 6p. If Art gets some other licences that could add 1p or 2p. A full field development could add another 10p or more. Will also depend on POO. Probably for every increase by $10 will add 1p to the share price. Remember full field development could be 2.4 Mmbo.

Totally agree. Good old Art has used the wrong language once again. We have a fantastic asset and he needs to give us the positive news on PSC extension and contract with Essar.

Greg, this share has gone from 0.035p to 0.5p and currently 0.3p. That is pretty good going. And this share has a long way to go yet. Personally I think 10p will be revisited in the next 12 months.

Agree. All a bit confusing now. I thought the whole point of the tribes court case was to get their bill on the Nov 2020 ballot. Will have to wait and see what news transpires today and tomorrow.