Canadian Overseas Petrol... Share Discussion Threads

[lithological heterogeneities] 23/12/2016 09:58

Cant believe we were at 10p-11p just a few weeks ago now we are hoping for 2p.We need a 2nd drill RNS asap. I think we will get it soon as they still have the rig booked until jan 2017 and they will not want it booked out by someone else preventing a second drill.

[the patient investor] 23/12/2016 09:54

I dont need oil to have a great xmas :-)

[the patient investor] 23/12/2016 09:53

If you are negative, shame for you, but no need to be negative twice, we do get your idea :-)

2p before 2017, no doubts

[the patient investor] 23/12/2016 09:16

Dean lol for my new title which i adore


Tx for the post

However, despite the very TEMPORARILY bad news, i strongly believe the maths of the drop is nonsense

Above all exxon will think 10 times about those 230m invested.

Im totally positive.


A little anedoct

Im 57, never smoked, hardly drink, very healthy life. We are italians!

Diagnosed with suspect lung cancer 3 years ago.
The report was scary, im a trained biologist and cd understand a lot.

A golf ball formation on my right lung.
Spitting blood and coughing.

You know what?
i NEVER believed it.

And i was right.

Dreadful infection cured by powerful antibiotics.

Im very positive by nature, but as a former scientist i base my positive attitude on rationality.


So...

The dry well is not dry.
It is not cancer.

The well has billions of barrels.

Just wait.

TIBI ( LOL those who studied Latin know tibi means "to you", so there it is my dedication tibi, dear dean

[mrkeysersoze] 23/12/2016 09:16

gimmietheloot,

The West Saturn has pulled anchor & is currently off the coast of Nigeria.

Mr K.

[mrkeysersoze] 23/12/2016 09:08

The focus at present IMO should be with OPL226 this asset alone is worth far more than current mcap given the advanced stage of development. No wildcat exploration wells just bread & butter appraisal wells, which will be financed externely from COPL.

No one is walking away from Liberia... update in January.

The PSC is expected in Q4 2016 in Equatorial Guinea for block EG-013 so news potentially on that front anytime.

Arthur's last share purchase was made at $0.04 (CAD) 2.42p therefore a very good opportunity for him at the current price if his quote from yesterdays podcast " Nigeria will ROCK YOUR SOCKS OFF" (podcast 29m10s) time to put your money where your mouth is Arthur & the BOD along with Viscount William Astor....



Mr K.

[the patient investor] 23/12/2016 08:57

Gimme I was joking

The excessive drop (unthinkable with this magnitude and totally disproportionate to the event and ITS CONTEXT if the shares had been more liquid: ONLY 40% IN FREE FLOAT IS EXCEPTIONAL) has created a huge buy opportunity

Any MILDLY positive news will push the share price above 2-3 p with the same rapidity of the fall, exactly because of the extreme low liquidity

I now cannot think but of neutral or positive news

My bet is directors will buy very soon

[deanroberthunt] 23/12/2016 08:52

....on the negative, Arthur did oversee the demise of Oilexco

[deanroberthunt] 23/12/2016 08:49

Positive to the share price in the near term would be for XOM and COPL to agree to drill a second well.....walking away would, obviously be negative....

OPL-226 is further off and needs a sea bed evaluation and funding....the CEO said since this is an already pre-drilled prospect with well supportive data, they may be able to do it without diluting equity....which shareholders would welcome....

[gimmetheloot] 23/12/2016 08:43

I based my figures on 1 usd , your basing on 3 usd.

[the patient investor] 23/12/2016 08:41

I know of simba, saw the pics

[the patient investor] 23/12/2016 08:41

Dean , expand

[gimmetheloot] 23/12/2016 08:38

I'm in a stock called Simba energy.

They have the coastal onshore block next to block 13 and I have seen the oil seeps and spoken to the ex Exxon geologist who was going to drill in the 80s but had to leave due to civil war. He says this oil is migrating from this area onshore.

[the patient investor] 23/12/2016 08:29

3 quid minimum!!! :-))

It we be madly nice but 3p in the very near feature is very realistic

If this share hadnt been so illiquid it wd have fallen by no more than 20-30% on that rns?

Would you agree?

[the patient investor] 23/12/2016 08:28

1 Squid? Are you already drunk? It is only 8:30?!?

[deanroberthunt] 23/12/2016 08:11

hehe listening to podcast, Justin's falling alseep....this Arthur dood is a bit monotone....

[nicky21] 22/12/2016 21:48

thanks for your views guys.

have come to the conclusion that i will wait to see if they are going to drill the 2nd well.not too keen on nigeria.

when that is announced i will then buy.

good luck to all holders.

[gimmetheloot] 22/12/2016 20:48

Nicky

Why I have invested!!

Exxon major partner worlds biggest oil company and no junior gets a partner like them.

120 million spend as part of the deal with COPL so far about half spent. So money left for another drill.

Exxon targeting 4 billion barrels of oil, 18% to COPL if the hit which is 800 million barrels of oil and at 1 usd per barrel could be worth 800 million USD, but oil in Arica in the ground is worth 5 usd.

Exxon currently spent 230 million usd on block 13 so they will want a return on that expenditure so it is highly likely they will dril further prospects and leads after reviewing the current data from the drill they just completed.

5 million in the bank no cost or exposure to Liberia.

This could return £1.00 minimum per share if they hit ;-))

[mrkeysersoze] 22/12/2016 20:47

nicky21 - 22 Dec 2016 - 20:40 - 2115 of 2117 - 0am thinking of buying some what i like to knowwhy should i buy.give me reasons please and why i should not buy also give me reasons.then i will judge both arguements and then decide.thanks.-----------------------------------------------------------------------------------------Nicky,What a refreshing change to see your post!!May I suggest for starters, you read the Copl presentation dated September 2016. Listen to today's Vox markets podcast.Mr K.