Member Info for Yachtmaster

Well I am not selling a single share until we hit 5p and then most at 10p.
This oil field is massive at 2414 Mmbo recoverable.
This makes Liberia look tiny.

Thanks NoEasy. I am beginning to get my head around these numbers better. This is a very big prize as they say in the article. This is well on the way to giving me a really good pension.

Thank you for the info Jiving and NoEasy.

Jiving, thanks I keep forgetting Mozambique. Do you know any history about the licence areas? Any oil discovered nearby?
Cheers, YM

So based on 3600 MMBO for the whole field COPL share @ 15% would give a share price of 20p
Just need everything to fall into place over the next 18 months.
GLA.

Well yesterday I predicted 0.5p which we almost reached 0.49p
Tomorrow I predict 0.6p and maybe settle back to 0.53p
GLA.

Oilberta, well I bought my first tranche at 10p so it would be nice to get back there again. I am really glad I loaded up big time at 0.0035p. If Essar go for full field development and the poo is right then I don't see why we couldn't get back to 10p. This is meant to be the best oil field off Nigeria with 1 billion boe.

Just shows you how much further the sp has to go to become a mid tier oil company.
10p would be a Mcap of £350m
Give it 12-18 months and we will be there.

Simple. The share is undervalued. Should be 1p at this stage. The company was valued as a shell. Now it is about to be a mid cap oil producer.

The vote is tomorrow late day in USA. So tomorrow evening UK time. The action won't be until Wed here. If the vote is yes then we could rise to 8p or 9p. Then it depends on whether WMH or another company takes us out for 12p+.

30 minutes until Canada opens and they are at 0.5p
I wonder if they will go up again today.

Now lets see an apology forom Stanflan?

The people are going to vote in November.

Yes Mr P, I made a mistake as I only used 10% instead of 15% of 1 bn barrels. So our profit could be even bigger but as you say we will have to wait and see. The next 6 months are going to be very exciting.

With a 1bn boe oil field at poo of $40 that would be $4bn turnover for COPL. Less expenses, taxes, royalties, etc we could still be left with $1bn profit. That would give a sp of 40p. I know we have a long way to go yet but you never know.

Depends how many wells Essar decide to drill amd the poo over the next 12 months. All should become clear before 9th July.

I think Richard Branson might have one for sale.

Well when we get to 1p I can retire. If we get to 10p I will be over the moon. I am happy to wait 5 years. If as Mr Nation says we get bought out at 5p+ within 12 months then so be it. Will be very intetesting to see what news we get next. I had written this share off so this is all a big bonus.

That is why I started a new one.

We all know where the sp is going on Monday. Up to 0.5p to match the Canadian market. I can't wait. GLA.