Canadian Overseas Petrol... Share Discussion Threads

[effiert] 20/10/2016 07:30

500 million barrels, price in the ground 3.5billion value , that's £2.65 billion pound, Exxon would surely take them out, at for example 50% discount equates to £2 share IMHO not often a chance like this comes along check the Warren Irvin interview, he s not seen anything like this in 30 years

[rolo7] 19/10/2016 22:02

adorling copl is not on aim it main market listed could go to fste flegling index or small cap later on.

[soulsauce] 19/10/2016 21:40

Adorling exactly and picking up all the very extensive costs but when the prize could be 2.3bn brls then it's a no brainer.
Biggest drill of the year and it's going to get very exciting :-)

[adorling] 19/10/2016 20:33

.....probably the best looking technical chart on AIM - everyone in profit now as all time high and we haven't even started drilling what is seen as one of the best and biggest prospects in many a year. Why do Exxon want to get started......? 20p IMO before TD reached.

[ride daice] 19/10/2016 20:18

Doesn't add anything but it's new..

[soulsauce] 19/10/2016 16:27

Yes effiert a massive volume day and why not given that the Liberia drill is a goer. Certainly see north of 12p here and possibly the 15p as you say.

[effiert] 19/10/2016 16:24

Going to be HUGE this drill.. Big few weeks coming up here... Up in 6m volume

Can see 15p leading up
To spud

[tromso1] 19/10/2016 15:38

Proactive Investors - "COPL shares advance as investors look forward to Liberia well"

[thelung] 19/10/2016 15:14

The first truck has been and gone with a full load. The second is en route :-).

[soulsauce] 19/10/2016 13:20

Ok TheLung, I take it you are still happy to buy?

[thelung] 19/10/2016 12:58

soulsauce, i'm using $1 net to COPL post tax etc. which comes in at the low end of AM's guidance in the above link.

[soulsauce] 19/10/2016 12:40

Great reminder thanks Saucepan.

[saucepan] 19/10/2016 12:16

For anyone new looking in, this video (link posted before, but difficult to retrieve without a big search) gives a great introduction. It is also topical for the above discussion on numbers, as Arthur Millholland provides his own estimates of what might be in the ground and the value it could generate.

[soulsauce] 19/10/2016 11:39

If we only use a lowly couple of dollars in ground the investment case is still compelling. Exxon seem to want to get this drilled and are stumping up big time on it. They must have a great deal of confidence.

[thelung] 19/10/2016 10:55

What $ per barrel in the ground are people using baring in mind the wildcat status in 8000ft water, but the best in business taking 83%, contributing $120m and not farming down any of their % pre drill?

[thelung] 19/10/2016 10:18

shafaq, thanks - I'm sure i heard different on a recent podcast - will dig it out and come back.

RNS this afternoon to coincide with TSX opening?

[soulsauce] 19/10/2016 09:50

Excellent volume today and some meaty buys.

Thanks for clarification shafaq.

[shafaq] 19/10/2016 09:47

Best means to copl approx 700mln.P50 449mln to copl or $3.5b.We won't know how much is there until they drill,could be humongous.

[oldvic] 19/10/2016 09:20

whoops
just tripped over the top step

[soulsauce] 19/10/2016 09:20

TheLung I believe it is 390m brls net to COPL.

[thelung] 19/10/2016 08:55

Is it P90 of 300m barrels net recoverable to COPL and there are 900m shares fully diluted?

[nofool] 19/10/2016 08:49

Think the graph though, will just carry on stair stepping it's way to heaven..

[effiert] 19/10/2016 08:46

Amazing chart.. Biggest drill to happen in recent years.. Exxon partner and FULLY funded for two drills. Huge COS vs risk/reward. Could be a life changer for many

[soulsauce] 19/10/2016 08:32

I think you are right Ride, it is obvious from the minimal amount of posters on here that it is massively off the radar.
Once that changes and the company crank the PR up to drilling and put out our own RNS then we will start to buzz.
Massive target of 2.3bn brls of which we have a fully carried 17% ;-)

[ride daice] 19/10/2016 08:27

I think there may have been a few on the sidelines doubting that this drill would never happen who might want to get in quick now.