Canadian Overseas Petrol... Share Discussion Threads

[the patient investor] 23/12/2016 10:30

Sian
Welcum to the billiOILnaires early retirement watching cat videos all day club, BERWCVADC

[sian] 23/12/2016 10:23

bought in today......sp drop massively over done IMO so in at a great price....I hold various oil & Gas interests in Nigeria in the same region as prospect location.... Totally confident COPL will come good when they drill... Nigeria has its own set of problems regards getting product to market but there is oil and gas in abundance.....can see this totally recovering by Q2 17.

[the patient investor] 23/12/2016 10:19

I am sure it will make you early retirement material in fewer than 3 months

And me too


I smell distinctively "Parfume de wasting time on le beach" the new trendy scent by Givenchy for billiOILnaires


No work any more
All day watching cat videos and finally taking CS50 online from Harvard ( not joking!)

[lithological heterogeneities] 23/12/2016 10:09

I was going to sell half on friday but was on a flight that day so planned on selling 50% first thing on monday instead.

[lithological heterogeneities] 23/12/2016 10:07

Yes,all the way from 5p to 11p to 1.5p.I was expecting drill result in last week of december / first week of jan so got up at 0800 on monday to sell 50% for a free ride !It took me completely by surprise.Very bad timing.

[the patient investor] 23/12/2016 10:02

Are you a pre fall investor if u dont mind?

[lithological heterogeneities] 23/12/2016 09:58

Cant believe we were at 10p-11p just a few weeks ago now we are hoping for 2p.We need a 2nd drill RNS asap. I think we will get it soon as they still have the rig booked until jan 2017 and they will not want it booked out by someone else preventing a second drill.

[the patient investor] 23/12/2016 09:54

I dont need oil to have a great xmas :-)

[the patient investor] 23/12/2016 09:53

If you are negative, shame for you, but no need to be negative twice, we do get your idea :-)

2p before 2017, no doubts

[the patient investor] 23/12/2016 09:16

Dean lol for my new title which i adore


Tx for the post

However, despite the very TEMPORARILY bad news, i strongly believe the maths of the drop is nonsense

Above all exxon will think 10 times about those 230m invested.

Im totally positive.


A little anedoct

Im 57, never smoked, hardly drink, very healthy life. We are italians!

Diagnosed with suspect lung cancer 3 years ago.
The report was scary, im a trained biologist and cd understand a lot.

A golf ball formation on my right lung.
Spitting blood and coughing.

You know what?
i NEVER believed it.

And i was right.

Dreadful infection cured by powerful antibiotics.

Im very positive by nature, but as a former scientist i base my positive attitude on rationality.


So...

The dry well is not dry.
It is not cancer.

The well has billions of barrels.

Just wait.

TIBI ( LOL those who studied Latin know tibi means "to you", so there it is my dedication tibi, dear dean

[mrkeysersoze] 23/12/2016 09:16

gimmietheloot,

The West Saturn has pulled anchor & is currently off the coast of Nigeria.

Mr K.

[mrkeysersoze] 23/12/2016 09:08

The focus at present IMO should be with OPL226 this asset alone is worth far more than current mcap given the advanced stage of development. No wildcat exploration wells just bread & butter appraisal wells, which will be financed externely from COPL.

No one is walking away from Liberia... update in January.

The PSC is expected in Q4 2016 in Equatorial Guinea for block EG-013 so news potentially on that front anytime.

Arthur's last share purchase was made at $0.04 (CAD) 2.42p therefore a very good opportunity for him at the current price if his quote from yesterdays podcast " Nigeria will ROCK YOUR SOCKS OFF" (podcast 29m10s) time to put your money where your mouth is Arthur & the BOD along with Viscount William Astor....



Mr K.

[the patient investor] 23/12/2016 08:57

Gimme I was joking

The excessive drop (unthinkable with this magnitude and totally disproportionate to the event and ITS CONTEXT if the shares had been more liquid: ONLY 40% IN FREE FLOAT IS EXCEPTIONAL) has created a huge buy opportunity

Any MILDLY positive news will push the share price above 2-3 p with the same rapidity of the fall, exactly because of the extreme low liquidity

I now cannot think but of neutral or positive news

My bet is directors will buy very soon

[deanroberthunt] 23/12/2016 08:52

....on the negative, Arthur did oversee the demise of Oilexco

[deanroberthunt] 23/12/2016 08:49

Positive to the share price in the near term would be for XOM and COPL to agree to drill a second well.....walking away would, obviously be negative....

OPL-226 is further off and needs a sea bed evaluation and funding....the CEO said since this is an already pre-drilled prospect with well supportive data, they may be able to do it without diluting equity....which shareholders would welcome....

[gimmetheloot] 23/12/2016 08:43

I based my figures on 1 usd , your basing on 3 usd.

[the patient investor] 23/12/2016 08:41

I know of simba, saw the pics

[the patient investor] 23/12/2016 08:41

Dean , expand

[gimmetheloot] 23/12/2016 08:38

I'm in a stock called Simba energy.

They have the coastal onshore block next to block 13 and I have seen the oil seeps and spoken to the ex Exxon geologist who was going to drill in the 80s but had to leave due to civil war. He says this oil is migrating from this area onshore.

[the patient investor] 23/12/2016 08:29

3 quid minimum!!! :-))

It we be madly nice but 3p in the very near feature is very realistic

If this share hadnt been so illiquid it wd have fallen by no more than 20-30% on that rns?

Would you agree?