We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Canadian Overseas Petroleum Limited | LSE:COPL | London | Ordinary Share | CA13643D8008 | COM SHS NPV (DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.0575 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Crude Petroleum & Natural Gs | 28.01M | -45.44M | -0.0510 | 0.00 | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
21/12/2016 12:45 | See your sell impatient investor :) | tidy 2 | |
21/12/2016 12:44 | Nine Nein | 10p here we come | |
21/12/2016 12:30 | there are 8 million bicycles in Beijing ..... | deanroberthunt | |
21/12/2016 12:27 | if it bleeds we can kill it! | deanroberthunt | |
21/12/2016 12:25 | feels like a 50% day.......the force is strong today | deanroberthunt | |
21/12/2016 12:23 | Lith, The $120m drilling headline figure was generated from over 2 years ago which would have allowed sufficient headroom given the $100 + oil price & rig day rates of upward of $700k plus (at the time)to complete one well in the first exploration phase. The PSC actually states that in the first drilling phase one exploration well must be drilled to the specified TD and drilling expenditure must exceed $10m US. You simply don't multiply the rig day rate by the days drilling & mobilisation. The figures I have used may well be on the high side but far better to be conservative. PM your email address & i'll send you over the PSC. Mr K. | mrkeysersoze | |
21/12/2016 12:22 | won't take much to move this to 3p now. | deanroberthunt | |
21/12/2016 12:21 | phew I was geting worried, but no, my paranoia has woken up :) | deanroberthunt | |
21/12/2016 12:20 | Chocks away! | give me five | |
21/12/2016 12:09 | there's a gap to fill at 7p aswell, technically.... | deanroberthunt | |
21/12/2016 12:02 | Yes massive buy here | tidy 2 | |
21/12/2016 12:01 | Post 1878 shpuld have said:Confiming the 17% is nothing to do with the $120m carry | lithological heterogeneities | |
21/12/2016 11:59 | Sorry for spelling. Am using phone. :0) | lithological heterogeneities | |
21/12/2016 11:58 | Gimmetheloot,Excelle | lithological heterogeneities | |
21/12/2016 11:55 | This drill was scheduled for 30-45 days which takes it to mid to end January.So they have the ship at least this long I'd imagine. | tidy 2 | |
21/12/2016 11:53 | Mr k,Exactly my point.COPL are carried to$120m so if exxon pull out now after only spending $12m (from gimmetheloot above) then what happens to the remaining $108m.As you point out this is BEFORE it reverts back to the 17% so again confirming the $120m is nothing to do with the $120m carry. | lithological heterogeneities | |
21/12/2016 11:48 | Good work guys. Massive buy then. | tidy 2 | |
21/12/2016 11:48 | Tidy2We dont know the full contract details so nobody knows.This is just speculation.All we know is that exxon were committed to soending $120m on Liberia drill and as the costs were just a fraction of what was originally anned then there will be a substantial chunk keft to carry on drilling a second well.The drill ship is known to be contracted to Jan 2017 (date not known) so exxon could announce a 2nd drill very shortly or even extend the date.The problem here is that this well was bone dry so they may not be interested in drilling a second well which is why it would be nice to know if thete would be any compensation to COPL should they pull out.Its all just speculation. This needs to be asked for the upcoming vox podcast imho. | lithological heterogeneities | |
21/12/2016 11:42 | Lith, The following is taken from the COPL September 2016 presentation. "The team were identified and negotiated the acquisition of Block LB-13 in the deep water offshore Liberia, and brought in ExxonMobil as a partner to complete the acquisition, resulting in COPL being carried for 17% of the first $120 million in direct drilling expenditures. Drilling is expected to commence in 2016." COPL are free carried until $120m has been realised in drilling costs, any further drilling expenditure once the $120m has been satisfied, would then revert to COPL paying their 17% working interest. Mr K. | mrkeysersoze | |
21/12/2016 11:41 | lol, that word 'well' again. eg. Well under budget. | 10p here we come |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions