Canadian Overseas Petrol... Share Discussion Threads

[mrkeysersoze] 29/11/2016 08:40

adthorn,

Thanks for the link.

8m 20s in I wonder what Arthur & the COPL technical team really think their prospective recoverable resources are?

Mr K.

[soulsauce] 28/11/2016 23:01

So first week of January then, what a start that would be to the new year.

GL all.

[adthorn] 28/11/2016 22:53

Old video but 16 odd mins in he suggests a 40-45 day drill time: https://youtu.be/VFHtqqcmen4

[thelung] 28/11/2016 22:15

Fully diluted it's 920m?

(And thanks)

[douchbag] 28/11/2016 20:42

Bought a small amount for drilling results fingers crossed

[mrkeysersoze] 28/11/2016 20:22

ireminisces
28 Nov '16 - 20:11 - 877 of 877    0   0
MrKeysersoze - Thank you for that very kind of you.

However, I have to disagree on the 'cocap' as Exxon will buy out COPL at a very good price on a decent oil find, in todays market and that would be £1.50 - £4.00 a share imo & Dyor

COPL will go on to reward shareholders and drill Nigeria along with a new location in Liberia possible persuading Exxon or the like, again :)

Still contemplating a £100k investment in COPL at 10p a share..

------------------------------------------------------------------------------------
ireminisces,

Thank you.

I think it's safe to say I have done my own research :-)

I'd gladly take £4.00 per share based on a discovery inline with the P90 estimates.

What OIP value do you base your £1.50 - £4.00 on?

Mr K.

[cossie] 28/11/2016 18:55

COPL is listed on the main exchange and not AIM

[ayesha4] 28/11/2016 18:30

Same with ARS. If they have to raise, let them bloody get in with it. A bit more transparency wouldnt go amiss. I called the Sound placing weeks and weeks ago when everyone was saying 120p. The fact it didnt go with suggested a placing. Same here. Ive a heck of a lot of shares at higher than price so if they are going to do it - they should do it so we can enjoy the rise when/if it comes.

[zengas] 28/11/2016 16:12

MrK I know that but it has nothing to do with funding overall. See Sedar MD&A.

My point is, is the share price being constrained/held down at this range due to funding needs ?
Do it soon and still have plenty of upside post dilution for a good result - or - poor result and raise the same needs for possibly twice or more the dilution.

Good management have to work on risk and not run it down to one result. Any funding now/soon would still leave massive upside post dilution and prevent significant dilution on a poor result by having funding going forward in the bag.

[mrkeysersoze] 28/11/2016 15:59

Zengas,

Please see below, with reference to Mesurado LB13 JV costs.

"All other JV costs capped at $1m run off until 100% of all
drilling costs have been completed."

Mr K.

[adorling] 28/11/2016 15:42

Zen - understand your balanced point of view but that's why we are all invested here because we believe there is a good risk reward ratio for LB-13 given the credentials of Exxon and our team. I don't think we would have too much of an issue even if we did not hit the sweet spot on first drill IMO.

[shafaq] 28/11/2016 15:40

Zenga They also have outstanding warrants and the directors option @10.75.Feel they won't need much with the above and hope to raise much further down with results in hand.

[zengas] 28/11/2016 15:38

absolutely adorling, but is it good risk management by the bod ?

[adorling] 28/11/2016 15:35

Zen - it works both ways - COPL could be in a position of immense strength if we hit the sweet spot!

[kj kelley] 28/11/2016 15:24

lith,

The 220,000 trades were both buys.

[ayesha4] 28/11/2016 14:31

EXXONs technology is the envy of the world. The CoS is considerably improved. Its going to be a good few weeks.

[ayesha4] 28/11/2016 14:29

FissionNot nice. 10000 a point with Spreadex at 10.46

[the house of brexit] 28/11/2016 14:07

So what do want, a medal?

[ayesha4] 28/11/2016 13:59

This is a company changer and life changerI have 1 million shares here.