Canadian Overseas Petrol... Share Discussion Threads

[sharkman returns] 22/12/2016 14:28

COPL should be rebranded as GAME OVER.

[gimmetheloot] 22/12/2016 13:35

Posted on LsE

What it take from pod
Bad initial result. Game on. Very much value at current share price "Nigeria will rock your socks off and people have forgotten about that" Liberia still in play, money available for second Liberia well and Oil in Nigeria will be used as collateral for non dilutive raise. It's all in the podcast. Patience will pay.

[gimmetheloot] 22/12/2016 13:23

Keya

Nobody walking away from doing the 2nd drill at this stage. In fact both companies are reviewing the data from the 1st well.

[keya5000] 22/12/2016 12:47

Drillship not booked by anyone else after either so its free.

[gimmetheloot] 22/12/2016 12:42

Mr Key, both companies are reviewing the data from theliberia drillaswe speak. Why did he mention the drill rig is still there?

[mrkeysersoze] 22/12/2016 12:35

So we have enough for 2nd well Mesurado-1 well coming in at +/-$60m.

Decision to be made ( not walking away at present) COPL already evaluating a second prospect.

COPL expenditure to date $25m ----Exxon $230m

Nigeria is the one to focus on IMO at present, at the end of the call Arthur made the point of having been to Zurich, which was out of the blue comment which he wanted to get out there, I can only assume its with regards to financing of OPL226 which was stated to have independent financing options.

Will have another listen....

Overall far more positives than negatives from Liberia from what I was expecting...

Mr K.

[marmiesz] 22/12/2016 12:25

Long, detailed and honest assessment of where COPL are and where they are heading. Looks very promising to me,Marmie

[nmurrells] 22/12/2016 12:22

Rock ya socks off ..........

[gimmetheloot] 22/12/2016 12:21

Can't buy any stock. He mentions 2nd drill.

Enough money for 2nd drill ;-)).

Exxon spent 230 million and management want answers ;-))

[mr hangman] 22/12/2016 12:21

Don't you mean wipe everyone out ?

[marmiesz] 22/12/2016 12:20

I'm a buyer at these levels. Nigeria will knock everyone out according to the podcast,Marmie

[mr hangman] 22/12/2016 12:18

Game over i'm affraid

[gimmetheloot] 22/12/2016 12:15

The drillship is still there , look at the data and see what to do next. Exxon and COPL doing the same looking at data , Game on ;-)))

[mr hangman] 22/12/2016 12:12

Has reality kicked in

[gimmetheloot] 22/12/2016 12:12

This is far from over ;-))) , they are very disappointed with the result given the work they put in ;-))

[gimmetheloot] 22/12/2016 12:10

There are other leads & prospects identified. Exxon have the database to evaluate all their targets.

[glenbo1] 22/12/2016 12:01

Podcast is up

[billthebank] 22/12/2016 12:00

15 mins to go!!!!

[lukic] 22/12/2016 11:52

Lifted this off the VoxMarkets website, posted by Justin Wait

"Here are the questions I ask Arthur Millholland on today’s podcast which will be published before midday, here:

Why do you think seismic was so wrong?

Will you be drilling a second hole with Exxonmobil. What happens with the balance of Exxon’s $120M commitment?

How long will it take approximately for Exxonmobil to make a decision on whether to proceed with the second drill?

Will data from this drill be used to calibrate for a 2nd drill?

Will the directors use the very low share price as an opportunity to purchase shares?

Does COPL have funds in place to drill its well in Nigeria block OPL 226?"

[mrkeysersoze] 22/12/2016 11:40

glenbo1,

I shall make my decision after the podcast.

Mr K.

[tidy 2] 22/12/2016 11:39

More chance the BOD are buying at this level unless in a closed period as Exxon decide to announce their next drill.