Canadian Overseas Petrol... Share Discussion Threads

[deanroberthunt] 20/12/2016 13:40

on the cusp of a 1p move up.

[deanroberthunt] 20/12/2016 13:33

2 x cool 1m ...full offer

[deanroberthunt] 20/12/2016 13:33

L2 gone balls deep bid side

[deanroberthunt] 20/12/2016 13:32

250k full offer off the bat

[mrkeysersoze] 20/12/2016 13:32

deanroberthunt
20 Dec '16 - 13:23 - 1674 of 1675    0   0
$120m free carry if they wanna drill another well.

-------------------------------------------------

Dean,

The $120m carried interest has been reduced by the drilling of Mesurado 1 well at estimated +/- $45-$60m potentially leaving sufficient surplus capital to drill one further exploration well.

If Arthur states that a further well is to be drilled on LB -13 the same risked approach (as per the broker notes) applies as per Mesurado 1. Add that to OPL226 then as you say the current price looks undervalued IMO.

We should hopefully see some clarity & direction after tomorrows podcast.



Mr K.

[deanroberthunt] 20/12/2016 13:32

up we go, blink and you'll miss it....bid up offer up

[gazza102] 20/12/2016 13:26

Ramping before placing. Seen it all before.

[deanroberthunt] 20/12/2016 13:25

could be back to 4-6p in a flash

[deanroberthunt] 20/12/2016 13:23

$120m free carry if they wanna drill another well.

[lithological heterogeneities] 20/12/2016 13:23

It appears that Exxon may be contracted to drill a second well even though this came up dry as a bone.Also,apparently, it looks like there msy be a Vox podcast with COPL CEO soon.Fingers crossed that both are correct.As mentioned before COPL still has OPL226 which does have oil & gas shows so still plenty of value left here.

[deanroberthunt] 20/12/2016 13:22

post well plugging

[deanroberthunt] 20/12/2016 13:22

avg of the tp and risked NAV is 8p...no advice intended

[deanroberthunt] 20/12/2016 13:20

hoicha min chazu 2.7-3.2

[lithological heterogeneities] 20/12/2016 13:20

A reminder from yesterday:19 Dec 2016Http://www.proactiveinvestors.co.uk/companies/news/170665/copl-to-re-evaluate-after-liberia-well-draws-blank-170665.htmlAnalysts still upbeat on COPL nonethelessThe company's focus will now turn to its "attractive" oil project offshore Nigeria, where appraisal drilling is slated to start towards the end of 2017."This is clearly a setback for COPL, however the company is well diversified with an attractive oil appraisal and development project offshore Nigeria on OPL 226," saidCantor Fitzgerald analyst Sam Wahab.Wahab also reckons that there is the possibility for COPL's partners to drill a further exploration well at Liberia given the falling rig costs associated with the project.The analyst still has the stock as a 'buy', although he has reduced the target price to 11p.Shares fell 78% to 1.75p.

[deanroberthunt] 20/12/2016 13:20

here we go....bish bash bosh......

[deanroberthunt] 20/12/2016 13:18

we have a buy rec with tp of 11p

and a risked NAV from someone else post news of 5p

[deanroberthunt] 20/12/2016 13:16

bidding over the mid

[donald trumpton] 20/12/2016 13:15

Over to you TSX. You decide.

[deanroberthunt] 20/12/2016 13:15

full offer for change....moving up

[mrkeysersoze] 20/12/2016 13:15

Apologies once again to the thread.



Gazza,

You fixation with me is somewhat disturbing, as I stated earlier.....

Would you like for me to continue further?

Just ONE example.



"The Company is aware that the Government of Tanzania (“GoT”) and the MEM continue to be engaged in ongoing discussions with the World Bank with the primary purpose to address the GoT debts and specifically the TANESCO arrears to the Company and other gas suppliers. Although the Company believes progress is being made with TANESCO to resolve the arrears and to keep payments current, there is no certainty as to the timing for the settlement of the arrears. The Company has filed a notice of dispute with TANESCO to enforce its contractual rights to collect all amounts owed."



Mr K.

[donald trumpton] 20/12/2016 13:13

..or will fat boy bust a blood vessel?

[deanroberthunt] 20/12/2016 13:11

back at COPL, bid up, tick up cometh

[deanroberthunt] 20/12/2016 13:10

NCCL and KIBO will soon run out of cash, again...so placing ahoys x 2 awaits.