Canadian Overseas Petrol... Share Discussion Threads

[lithological heterogeneities] 26/10/2016 08:25

as big,if not bigger, than COPL will be 88E in Q1 2017.So make ALOT of money here then move on to 88E to make even more money.Would be am amazing 2017 if both hit as it would certainly make me a multi millionaire as 88E is still by far my biggest holding.

[effiert] 26/10/2016 07:45

COPL are drilling TWO game changing wells both funded by no other then EXXON. COPL prize is MASSIVE and a canadian fund manager (Warren Irvine) recently quoted that he hadn't seen a small cap drill programme like COPL's in 30 years.

[effiert] 26/10/2016 07:33

take advantage of the share price imo. will be closer to 15-20p levels pre spud

[ayesha4] 25/10/2016 23:55

20p nailed on here imo

[lithological heterogeneities] 25/10/2016 19:03

today pondy

[effiert] 25/10/2016 19:03

bought back what i sold after that broker note and more..

[effiert] 25/10/2016 18:47

today pondy

[soulsauce] 25/10/2016 18:41

Today pondy

[pondymark] 25/10/2016 18:37

Thanks Effiert .Do you know when Shore Cap released the note

[squiresquire] 25/10/2016 18:14

cheers effie

[soulsauce] 25/10/2016 17:11

Brilliant thanks effiert ;-)

[effiert] 25/10/2016 16:10

WOW 21p target put on COPL prior to drilling

Will COPL double? Broker upgrade sets 21p target ahead of Exxon’s well
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13:28 25 Oct 2016
“Mesurado-1 is a high impact well and ... we believe that the risks lie firmly on the upside for COPL.”
offhshore
Shore Capital sets a new 21p price target for the explorer
With a new target price Shore Capital sees the share price of Canadian Overseas Petroleum Limited (LON:COPL) doubling.

Shore Cap today repeated a ‘buy’ and lifted its target price from 16p to 21p, which suggests around 100% upside to the current price of 10.6p.

It comes ahead of a potentially game changing drill programme in the deep waters off the Liberian coast. Expectations surfaced earlier this month that the well would spud in November.

“We had believed that an early spud date was quite possible and are therefore highly encouraged to see the reports of plans to commence drilling next month,” analyst Craig Howie said in a note.

He added: “Mesurado-1 is a high impact well and, given the strong subsurface understanding and presence of a lucrative multi-well carry, we believe that the risks lie firmly on the upside for COPL.”

Howie also highlights the boost from the recently completed acquisition in Nigeria, which adds near term production and exploration potential into the mix for COPL.

“In our opinion, OPL 226 is a highly complementary (and value-accretive) addition, reinforcing COPL’s African footprint and bringing a later stage asset into the portfolio. The acreage contains an existing discovery and an offset well location has already been identified,” he added.

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[mr hangman] 25/10/2016 12:03

Any target prices on the Edison note ?

[westmoreland lad] 25/10/2016 11:44

Edison note just out if anyone can get a link to it. Far far too long to c + paste.

Zengas -- most of the above note, about six pages long covers OPL 226. Came as a pdf file which I can mail to you ?

[effiert] 25/10/2016 09:53

tks ZENGAS. good to see you here

[soulsauce] 25/10/2016 09:40

Thanks for that reminder ZENGAS, good to see you here.

[zengas] 25/10/2016 09:38

Seperately to the huge upcoming exploration well with Exonn - the other asset (OPL 226) shouldn't be overlooked as a potential company maker.

The JV deal with Shoreline will give them over 6.4 mbbo 2C unrisked via the NOA-1 well.

The drilling site is just 5 km from and on the same trend to the 200 mmbo Anyala oil field in the adjoining block.

The NOA-1 well discovered 7m of net gas pay and 18.7m (60ft oil) net oil pay.

Upside case net to COPL is 184 mmbo.

[effiert] 25/10/2016 09:14

Bel ‏@Belcourtoi 15h15 hours ago
Trying to get #COPL on the webinar at some point ... will be great to have them back

[soulsauce] 25/10/2016 09:08

Still lots of buyers around, some chunky one's too.

[effiert] 25/10/2016 09:08

loads waiting on the sidelines for a dip.. rightly so

[westmoreland lad] 24/10/2016 22:24

OK -- I'm in for the drill, but seen it all before where all the evidence / research said go go go .
Below as my old friend Rayrac will remember - glowed in the dark and couldn't fail. It did + cost us >


Tower Resources plc (the "Company" or "Tower" (TRP.L, TRP LN)), the AIM-listed Africa-focussed oil and gas exploration company, through its wholly-owned subsidiary, Neptune Petroleum (Namibia) Limited ("Neptune"), is pleased to announce that it has received formal notification from Repsol Exploration (Namibia) (Pty) Limited ("Repsol"), the Operator of Namibia PEL0010 (Neptune 30% working interest), that the Rowan Renaissance Drillship spudded the Welwitschia-1 well at 14:40 GMT on 23 April, 2014

This will be my very last punt off W Africa -- Good luck all !

[effiert] 24/10/2016 20:32

from august but well worth a read

Canadian Overseas Petroleum (LON:COPL, CVE:XOP) could find out as soon as late 2016 or early 2017 whether their share price is going to explode following a likely historic drilling off Liberia, according to analysts at Edison on Tuesday.

The London- and Toronto-listed oil exploration group has teamed up with partner ExxonMobil (NYSE:XOM) to drill the Mesurado-1 prospect offshore Liberia.

ExxonMobil owns 83% of the project and COPL the remaining 17%. In addition to recent success across the Atlantic, Mesurado-1 is partly de-risked by offset wells on block LB-12 (Carmine-Deep and Goshtern-1) and block LB-15 oil discovery (Montserrado-1).

The significance of Mesurado-1 is, as Edison dubbed it, that it is like “looking for Liza’s conjugate twin sister”.

“After recent appraisal, ExxonMobil believes that the Liza oil discovery offshore Guyana could hold up to 1.4bnboe, making it one of the largest oil discoveries since the start of the decade. ExxonMobil is to looking to replicate this success by targeting a possible Liza Atlantic conjugate, Mesurado-1 offshore Liberia,” Edison said in a note.

The analyst said that for COPL success could prove to be game-changing.

COPL is funded through the upcoming Liberia exploration programme operated by ExxonMobil up to a maximum gross carry of $120mln.

“We expect this to include drilling of the Mesurado-1 prospect, which we estimate at a P50 prospective resource of c 400mmbbl and geological chance of success (GCoS) of 30% (commercial chance of success 19.5%),” Edison added.

“We see few small-cap E&Ps that offer a funded exploration programme targeting over 400mmbbl of prospective resource over the next 12 months. We value COPL on the basis of a post-discovery farm-down, driving a C$0.15/share RENAV, and also provide a potential strategic asset valuation of C$0.22/share.”

COPL shares were unchanged at C$0.08 on Tuesday.

[tomoneyfox] 24/10/2016 16:37

Someone's building a very nice stake

[soulsauce] 24/10/2016 16:34

Agree effiert, all bodes well for the coming RNS(s) ;-)

[saucepan] 24/10/2016 13:38

post 261: agreed; augurs well.