Canadian Overseas Petrol... Share Discussion Threads

[effiert] 24/11/2016 16:09

TLOU seems a better risk/reward from this level short term

[soulsauce] 24/11/2016 15:55

9tintin if you are looking for another good risk reward take a look at PXOG. In both myself and I am as confident on both.

[westmoreland lad] 24/11/2016 15:39

Nice one tintin. If you don't make money on that, it's pack up time !!

GL

[9tintin] 24/11/2016 15:27

Another top up for me @ 3.07pm - 100k 9.725p no doubt will be shown as a sell later !!

Compelling story and hopefully a sound place to recover my EME loses,,,,,,,,,,,,,,:))

Not long to wait now.

tintin

[billthebank] 24/11/2016 13:21

Hi keysersoze. That was the article that made me decide to invest here

[blueblood] 24/11/2016 13:05

Drill bit turning ready for very prosperous start to New Year...

[mrkeysersoze] 24/11/2016 11:02

Billthebank,

Interesting article with regards Rosseau Asset Management.

They've done very well thus far in COPL....

TGR: What about another opportunity?

WI: There is Canadian Overseas Petroleum Ltd. (XOP:TSX.V). I've been in the business 30 years, and I have never seen a higher-octane, more awesome risk/reward situation than this one, which involves the former CEO of Oilexco Inc., Arthur Millholland. Oilexco grew to a multibillion-dollar company but collapsed in 2008 as a result of a liquidity crunch when its bank ran into financial difficulties. When Millholland started up a new company, Canadian Overseas Petroleum, I was one of the first people to back him.
The company managed to obtain Block 13 in offshore Liberia, a very lucrative oil block. Millholland put his technical team on this project, and they found that the targets on the block are quite extraordinary. It is exciting enough that Exxon Mobil Corp. (XOM:NYSE) paid $130 million ($130M) to get involved in the project and, in addition, agreed to spend $120M to drill the first few wells. It's a very strong stamp of approval, Exxon moving forward with this project and deciding to partner with a very small junior. Generally, juniors don't operate in the offshore realm, so Canadian Overseas Petroleum is rare in that respect. Exxon was prepared to drill the initial wells about two-and-a-half years ago when the outbreak of Ebola in Liberia took place, and Exxon shut down its offices in Monrovia. We've basically been delayed two-and-a-half to three years. Exxon mentioned in a press release late last year it looked as if it was prepared to drill the well in late 2016/early 2017.



Canadian Overseas Petroleum Block 13 Offshore Liberia and Nearby Holdings
The market cap for Canadian Overseas Petroleum is sub-CA$20M, yet it would participate in a well of which it would own 17%, and Exxon is prepared to spend $120M drilling it. What's exciting is the reserve engineers are indicating that if there is oil found in the target areas, the expected recoverable number of barrels net to Canadian Overseas Petroleum is half a billion barrels, worth in today's market about US$2.5 billion. So a company trading at less than CA$20M, if successful, could be trading at multiple billions of dollars in market cap, or several dollars per share. The important thing to note here is that even in this terrible time with respect to oil exploration, Exxon is still keen to move forward.



Mr K.

[mrkeysersoze] 24/11/2016 10:56

Hi The Lung,

Research is the most important thing in investing!!!

Added another 100k @ 9.93p

There appears to be a strong demand this morning...

Some interesting trades on the bid whilst in auction on L2



Mr K.

[billthebank] 24/11/2016 10:36

I bought into COPL as Rosseau Asset Management were buying into this. They are also buying into SOLG - I am invested there

[thelung] 24/11/2016 08:49

Welcome Mr. K! No need to suggest any research for you :-)

[mrkeysersoze] 24/11/2016 08:41

Bought in this morning with an initial 100k not showing strangely enough, will be continuing to increase my holding further when I have carried more in depth research.

The story looks extremely compelling to say the least.

Mr K.

[ayesha4] 23/11/2016 23:16

Not dealing with a two bob outfitIts EXXON ffs

[sigora] 23/11/2016 22:27

westmoreland lad after panr and sou this will be a super hat trick for you were you also in 88e ?

[soulsauce] 23/11/2016 22:23

WL yes you are probably right that shareprophets cobblers has taken the wind out of our sails for now.
Given how the cannucks have finished there may be an opportunity for top ups in the morning for the early bird.

[ccr1958] 23/11/2016 22:12

I am in for the result of the drill !!!!

[ayesha4] 23/11/2016 21:59

If they hit oil, ive no doubt it will get to somewhere between 50p and a pound.

[westmoreland lad] 23/11/2016 21:06

Soul + the 2 ads -- two things caused ' the strange old day '

1/

2/ The gamblers / short termers hoping for a quick fix on spud didn't get their way and ran off in a hurry to the exit door, with more to follow tomorrow. Sadly their Christmas bonus bag hopes in tatters.

That leaves us LONG TERMERS to await the result of our 17% of what could be a
massive find and a life changing result for some .

30 odd days drill + logging -- not too long to wait

GL all.

[billthebank] 23/11/2016 20:52

So spud u no like!!!! I guess this was already in the price. So now we wait for the action. Valued at £65M presently

[adthorn] 23/11/2016 19:07

Some big orders filled today. All looks positive for the run up to December and further drill updates. I don't mind this period of consolidation, ensures a steadier rise over the coming weeks

[adorling] 23/11/2016 16:24

Added at 9.655p today - thanks to those who sold out to let me buy at such a great price! Already in the blue!

[soulsauce] 23/11/2016 16:23

Strange old day :-/

[the house of brexit] 23/11/2016 16:10

We fink if yous wake up an' dis iz only 8p, thun yous may fink oh, we as da beef. but narr, we fink dat iz gona be an opportunity, da ship iz not sinkin, it's only hat anchor!