Canadian Overseas Petrol... Share Discussion Threads

[sportbilly1976] 02/3/2021 10:15

.3719 current buy price, so still plenty of appetite for them

[blueblood] 02/3/2021 10:09

Just hope Art delivers for once. Actually all the signs are looking very positive and once final hurdle is removed I hope he starts getting the story and the fantastic deal he's done out into the open. Proactive interviews etc!

[sportbilly1976] 02/3/2021 07:57

Indeed Ed - my quick working is around a further 18-20mln or so taken by HSBC

Almost got there yesterday, hopefully we see a foot (or two) into the 40's today

[blueblood] 02/3/2021 07:51

Great minds lol! HSBC still buying and gone over 5% now. Fantastic opportunity this for easy bagger plus this month.

[edgein] 02/3/2021 07:12

Sport,

Yeah no surprises there for sure. Little guys still willing to fill the large orders. I see HSBC is adding some more with the new TR1. They're making sure they have plenty before the closing of the Atomic deal.

Regards,
Ed.

[sportbilly1976] 01/3/2021 17:10

There we go - 75.6mln trade at 0.365p

almost 200mln in a few days now

edit - could well be the daily spreadbet trade.

the 2x 20mln and 2x 25mln ones though aren't...and with the prices imo are buys

[edgein] 01/3/2021 14:02

Sport,

I wouldn't be too shocked to see more delayed buys after hours over the next two weeks that's for sure.

Regards,
Ed.

[sportbilly1976] 01/3/2021 12:53

0.382 buy price currently, so showing as sells

[blueblood] 01/3/2021 11:56

Bought some more today to average up. Bring it on!

[sportbilly1976] 01/3/2021 11:06

Just the NMS of 500k at 0.38 anything greater is 0.39

[sportbilly1976] 01/3/2021 09:52

MM's looking for stock - another large order to fill maybe?

5mln offering .37

[billthebank] 01/3/2021 09:05

Yup 0.382 to sell

[blueblood] 01/3/2021 08:57

Paying over and NT looking good for 0.4p break today!

[blueblood] 01/3/2021 08:55

About time too! Maximum 2 weeks away from transformational deal!

[billthebank] 01/3/2021 08:54

Market definitely waking up to the COPL story! 0.38 to buy now

[billthebank] 01/3/2021 08:37

Looks like its beginning to move?

[blueblood] 01/3/2021 08:17

This company fundamentally changes for the better in next 2 weeks. The Atomic deal is not being factored in by market yet. Get a head start and get your 1p+ shares for 0.35p!

[sportbilly1976] 01/3/2021 08:13

#Copl
Nvp of Atomic deal is $330m or £260m at 57% wi @ oil price $64
and rising 1400bopd rising to 5000k.
Completion anyday from tmrrw, and then we go for 100% at combined nvp value $550m+ or £400m+
Mc £34m ...........

[edgein] 01/3/2021 07:51

Is that a second 92.5m buy listed this morning or the one from Friday listed again? I guess the little sellers will continue to fill these large buy orders between now and financial close due in just 10 trading days. Not long now until the transformation begins.

Regards,
Ed.

[asm5] 28/2/2021 20:11

https://www.google.co.uk/amp/s/amp.ft.com/content/bc00a1d9-5041-48e8-b07b-df6eadb2e9dc

[asm5] 27/2/2021 18:59

Canadian Overseas Petroleum LimitedTHE ATOMIC DEALTwo operated oil fields: the Barron Flats Shannon Unit (57.7% WI) and Cole Creek Unit (66.7% WI) located in the Powder River Basin in the State of Wyoming, USA:· Current production rate of 1,400 bbls/d (gross) rising to 5,000 bbls/d (gross) in 2022 and c.7,000 bbls/d (gross) in 2026 (2P reserve case, Ryder Scott Report).ROAD MAP TO OWNERSHIP OF ATOMIC• Deposit (non-refundable): $1 million - COMPLETE• Initial Debt-Financed Payment: $8 million for 15% of Atomic's Working Interest in all of its leasehold on or before December 31, 2020. - COMPLETE· (Note: If the acquisition does not complete, the Company will retain this interest)• Assumed Debt: $26 million at closing – FINANCE APPROVED PENDING COMPLETION OF AUDIT• Total Additional Debt and Cash: $15 million at closing – FINANCE APPROVED PENDING COMPLETION OF AUDIT• COPL Common Shares to Atomic Shareholder(s): $4 million priced at closing – TO BE ISSUED AT CLOSE OF DEAL.The final possible completion date is 15/3From the latest RNS Thursday 18/2 "we are working with the Lender to complete loan documentation in the coming week." – Ryan Gaffney, CFO.VALUE TO COPLTotal Cost $54mEstimated share price on completion of purchase of Atomic : 1-2pDEVELOPMENT OF THE ASSET- Roll out tripling of the gas injection programme at Barron flats- Drilling cole creek plans- Production ramp up - monthly updates expected all positive incline so no surprises but each one adds to the market cap and net worthWHAT ABOUT THE OTHER OWNERS OF THE OIL FIELDS?There are good reasons to believe that a 100% purchase the asset is possible.- NOP (in financial distress) buyout would take us to 85%- Chinese own 15% (being forced to sell by US Govt)There is a $20m accordion facility built into the finance agreement which may be earmarked for this very purpose.DOES COPL HAVE ANY OTHER POSSIBLE REVENUE STREAMS?The Atomic deal came as a huge and very welcome surprise to the shareholders. The main reason that we had been holding was for the expectation that COPL's interest in OLP226, a large offshore asset in Nigeria, being developed.1 - PSR is assumed - no evidence to state it will not be agreed. It has been delayed several times however most shareholders would agree that it is likely to still occur.2 - Oil is found already, next to a producing prolific field - drill planned is appraisal not exploration3 - Essar want a rapid ROI to date on $70m exploration spend - can spend a lot, drilling costs very low and would want to capitalise on that asap - COPL are carried4 - Nigeria have much to gain from their oil assets getting to production.With 60k bopd assumed productionCOPL share at 15% (5% with option to increase)Oil at $40/btax 70%lifting costs $20/bThis equals $19.4m net profit p.amc $331mNote: Oil is currently approx. $60 per barrel

[saint in exile] 26/2/2021 17:22

..apart from the 92.5million share buyer Bill???

[sportbilly1976] 26/2/2021 14:48

Bill,

.352 / .353 trades are buys

[billthebank] 26/2/2021 14:39

Unfortunately no buyers!!!!!?

[billthebank] 26/2/2021 13:51

Blue!!!!!Small acorns!!!