Canadian Overseas Petrol... Share Discussion Threads

[msk7] 04/7/2019 13:18

Told you to keep an eye on YU.Group.The next big riser.

[nicky21] 04/7/2019 13:10

The USA market is closed today.

[smcl] 04/7/2019 13:08

Bilthebank- provide the evidence for what you say!

[billthebank] 04/7/2019 13:02

I just checked the spread though and they want your shares now never mind 2:30!!!! 0.0177/0.0178.Now thst is a tight spread!!!!!

[monster500] 04/7/2019 12:58

Only 1 hour to wait then. :)

[billthebank] 04/7/2019 12:53

No that wont happen.If they wanted the shares they could simply buy them now!!!

[monster500] 04/7/2019 12:50

Lift off when US Market opens:)

[logica2me] 04/7/2019 12:46

MMS desperate for stock it seems

[asm5] 04/7/2019 12:03

Dreaming is free!

[billthebank] 04/7/2019 12:00

Pres valued at £6M now thst is a steal. Would be nice to see this above £10M for now.if this ever gets to 1p per share well that would be just incredible as far as I am concerned.Just trying to keep it real guys!!!

[madmonkflin] 04/7/2019 11:57

don't be funny. why you think this was over a £1 before?

[msk7] 04/7/2019 11:56

Serious Boys/Girls take a look at YU. Group.
That could be the next big riser.Sorry if am ramping.

[edgein] 04/7/2019 11:50

Yes £1 is crazy as that's around £3bn without further equity raises. With the current shares in issue £300m is fair game though on NAO field development, not without risks of course. If all wells were performing well on FFD and COPL hadn't drilled anywhere else on this licence (all five wells drilled to date have hit oil or oil and gas), then they could be on 24,000bopd net out of a total production of 60,000bopd. AFR traded between $1-2bn on around 22,000bopd of Nigerian oil. So 10-25p would be the 3-5 year target if there's not copious amounts of dilution along the way or farm-out of wi. I would be quite happy to see 4-10p after 4 successful wells here. £120-160m market cap would seem crazy low if they get to 9600-16,000bopd net on these four wells (£160m assuming another 1bn shares issued).

Regards,
Ed.

[billthebank] 04/7/2019 11:42

£1!!! In your dreams!!!! That is just silly.Wrong thread?

[livup967] 04/7/2019 11:29

near.300m.volume.already.at.11.30
i.woulden't.want.to.guess.what.it.will.be
at.end.of.play''and.thats.before.RNS.LOL''

[logica2me] 04/7/2019 11:23

Over £1 a share? That’d be a 1000 bagger lol

[blueblood] 04/7/2019 11:22

Wakey wakey follow the volume!

[msk7] 04/7/2019 11:22

Billthebank i see your also in YU. Group.
Looks good.Trading update soon.

[nicky21] 04/7/2019 11:20

Profit taking going on.

[livup967] 04/7/2019 11:13

ZAK.TRADER.say..COPL.is.finally.getting.there.0.30p+.first.target.if.close.20+p
there.is.plenty.of.upside.to.go

GLA

[billthebank] 04/7/2019 11:08

Wouldn't be surprised to see sells as the placing shares have effectively doubled in value. This has more legs!!

[madmonkflin] 04/7/2019 11:07

still cheap as chips I reckon

[sigora] 04/7/2019 10:58

all these sells at around mid, the mms more then happy to absorb them, what do they know ?

[edgein] 04/7/2019 10:46

Mikey,

Pre-drill they should at least be valued at £30-50m similar to the likes of RMP and MATD were. That's with everything in place, near term financing, Bond, drilling contractor/service provider etc. If they drill the first appraisal well successfully before ye '19 then much higher. As this one is due to be on production by end of 2020 with an early production scheme there's no 3-4 year wait as typical of offshore, I'd expect them to be mid cap if all has went to plan with an IP rate from NOA of 24-40000bopd gross (40% net). Check out the recent COPL presentation its all in there as to scale of what's happening and the amount of pre-drill analysis they've done. Its similar to Oilexco, that's why he kept his tech team in place.

Regards,
Ed.

[billthebank] 04/7/2019 10:44

True Jamie it is but sometimes it is interesting to have useful comments re another share if it is not simply a ramp Research is king and a heads up is sometimes useful. What really pi55es me off those is others with an agenda. YU. is definitely worth watching

Right COPL

Great to see this phoenix rising from the ashes. I was invested some time ago and was extremely lucky to escape with my shirt still on my back. There is definitely scope here and Arthur does know his stuff. I have bought back in and can see this quickly rise from here. Of course in no time the herd will arrive and then we could be in trouble. Nice start to the day and it would not surprise me to see this tes 0.3/0.4p inside the next few weeks!! GLAHs Having said all that a wee rise to p will be start!!!!!