Canadian Overseas Petrol... Share Discussion Threads

[ride daice] 20/11/2016 14:02

113Mike. It's all about risk v reward. In the success case I expect this to be in the range of a 10-20 bagger based on my entry price. And I reckon there is a 1 in 3 chance of this happening. I will invest in every drill I can find (not that there are many) with this kind of profile since the probabilities make it a no brainer IMHO DYOR etc....

[soulsauce] 20/11/2016 13:13

113Mike I don't know what you know about drilling but 40% cos is right up there, it is a country mile away from the 1in6 cos of most drills.

[thelung] 20/11/2016 13:08

Don't worry Mike, you should be able to get in below 12p tomorrow.

[113mike] 20/11/2016 12:32

Isn't there only a 40% hit chance...if thats the then its more likely it'll miss and a alot of money will be lost..just saying like.. best not to get ones hopes up. Be good if it comes good though

[soulsauce] 20/11/2016 11:45

If this hits we will have a 5bagger minimum from here, great risk reward play.

[adorling] 20/11/2016 08:03

We will spud next week...

[saucepan] 19/11/2016 18:16

Indeed; looking like accurate information, after checking the above referenced source.

I have seen the screenshot of the vessel's position and destination, but hesitate to post here for copyright reasons.

An exciting week ahead.

[lithological heterogeneities] 19/11/2016 17:48

SO DRILLING COULD START VERY SOON !

[lithological heterogeneities] 19/11/2016 17:46

Just posted on lse bb (many thanks to "Oilberta403"):


Oilberta403
West Saturn Location
Today 00:05
"Signed up for the 14 day trial, the West Saturn drillship is currently located just south east of Harper, Liberia (south of San Pedro, Ivory Coast) so it is indeed en route to location. Looks like this is the ship, should hear spud news Tuesday / Wednesday."

Cheers!tradeemup
RE: West Saturn Location
Today 00:20
"Oilberta. Thanks so much for sharing. I nearly signed up myself. Are you able to cancel within the 14 days"

Oilberta403
RE: West Saturn Location
Today 00:32
"My pleasure, yes I just made sure of that! Or else I've got a nice charge of $4788 CAD coming on December 2nd lol (looks like they charge for the whole year). Side note: if I hold my mouse over the ship it says destination: LIBERIA."

[the brex pistols] 18/11/2016 22:34

It is.

pistols

[9tintin] 18/11/2016 14:21

Westi

Never mind being ''shot of Ned Kelly'',,,,,,,,,,,,,,,,,,,,,IIRC the said Kelly ended up SHOT.

Well out of his greedy incompetence, now all I have to do is make the lost dosh back somewhere else.

This could be the answer.

tintin

[shafaq] 18/11/2016 13:52

Could we possibly be about to .........drill?Rig heading to liberia !!!Trafficmarine.com

[westmoreland lad] 18/11/2016 13:29

Blue don't worry about remaining money / options -- just had a mail from Toon.
He's WELL on the case !!!!!

I'm also in PXOG

Sorry a bit o/t others.

[blueblood] 18/11/2016 13:14

Not completely shut but lot happier with my money back! Just havin few speculative punts on high impact near term drills and this ticks all the boxes imho. Also having dabble with PXOG which will hopefully spud in next 10 days or so.

[westmoreland lad] 18/11/2016 13:09

Hi Blue ! Welcome here and good luck.

Don't recall ever being told time to TD. We are in the hands of EXXON who can be a bit shy with detail.

Bet you're glad to be shot of ned kelly !!

[ride daice] 18/11/2016 12:38

I don't think we have a clue where the rig is really ? Hopefully it will show up soon.

[blueblood] 18/11/2016 12:34

Hi Westy any idea how long our drill will take?

[westmoreland lad] 18/11/2016 12:23

RD / Richard --

westie - still offshore Nigeria, but marked as available Dec 2016:



Scroll down to find.

[twellerama] 18/11/2016 11:47

Hi guys,just bought in here...Mainly as I've been keeping a eye on you as i'm a long term holder of Simba Energy and weve just had our Liberian block extended right up to yours offshore,although waiting for the paperwork to come through has caused us to miss filing our management reports so were halted on the tsx,Although that's been lifted now so hopefully back to normal next week...Fingers crossed for double bubble in Liberia...lol

[richardhewson] 18/11/2016 11:11

Either way, I'm annoyed that I missed the spike down this morning which would have been a nice top up.
What do we expect the share price action to be like here following spud? People continuing to buy in to the story, or a drift and gradual drop as we wait for results? My crystal ball is a little cloudy this morning!

[richardhewson] 18/11/2016 11:08

It also says that it is departing from singapore!! which we know is not true because it's been in the Gulf of Guinea.

[richardhewson] 18/11/2016 11:07

That's what it says, but if you click on the little black question mark it then says Liberia with an eta of sunday. Wierd. I don't entirely trust marinetraffic but it's the best information we have at the moment.