Canadian Overseas Petrol... Share Discussion Threads

[justtrying1] 16/12/2020 10:56

So thats that then A few were ramped in this morning now most are selling some idiots keep ramping it but looks to be dead

[justtrying1] 16/12/2020 10:02

Sell off nowAs people tired of waiting for their 10% and will be selling at losses

[czar] 16/12/2020 09:24

What a deal, this looks like theft!

[justtrying1] 16/12/2020 09:10

Now dead willDrop slowly now

[justtrying1] 16/12/2020 09:00

Arthur wants people to forget about opl226 as its dead so he is trying a new trick

[zxie] 16/12/2020 08:57

Strong Buy OPL226 update soon

[bronislav] 16/12/2020 08:52

This does look a good deal.The market will assess the deal and true worth will be reflected in the share price once the trading nonsense sorts itself out.

[justtrying1] 16/12/2020 08:51

Pumpers will pop up once they have their placing shares

[edgein] 16/12/2020 08:46

They're quiet today as they've been caught with their pants down just like you chap. I guess you missed the part about the first payment being $8m debt.

Regards,
Ed.

[edgein] 16/12/2020 08:45

Try reading the RNS again it'll sink in eventually.

Regards,
Ed.

[justtrying1] 16/12/2020 08:44

Looks like many werr spiked and are selling out at lossesThey have no detail about how they will raise fundsPlacing at 0.0018 or lower and placing shares being dumpedU can also tell from the usual ones into oil shares on twitter they are very quiet today for a reason because they have been offered placing shares

[justtrying1] 16/12/2020 08:43

Yeah u keep quoting these fantasy numbers

[edgein] 16/12/2020 08:36

Good to see oil staying over $50/bbl, especially when some companies can acquire the stuff for just over $2.00! :)

"ROI over 50% with $2.18/bbl acquisition cost vs a value of $7.52/bbl at NPV (10%)"

Regards,
Ed.

[edgein] 16/12/2020 08:34

You would be safer closing that short before the next wave arrives. The cap here is just £12m there are much safer shorts out there than this now that's for sure. When the metrics and the extent of the RBL sinks in for you you'll realize what old Ed is talking about.

Regards,
Ed.

[justtrying1] 16/12/2020 08:30

Didnt last all the massive sells are hidden hence the price is tumbling

[edgein] 16/12/2020 08:23

When you get down to the T&C's of this one its little cash and mostly RBL against the 31mmboe of 2P. I didn't even think you could get a deal as good as this. Opportunistic due to the covid crisis, you shrewd chap!


Assumed Debt: $26 million at closing
Total Additional Debt and Cash: $15 million at closing
COPL Common Shares to Atomic Shareholder(s): $4 million priced at closing

These don't have to be paid until financial close next year, just $8m early debt payment and the small deposit. Should hear more about 226 in the mean time as it has the potential to add a lot more than 31mmboe at 15%! But I have to say for a £15m company 31mmboe is a very good start!

Regards,
Ed.

[smcl] 16/12/2020 08:16

Agreed Ed.

[edgein] 16/12/2020 08:09

Art you trying to give these shorters a nightmare Christmas, cap was only £10m before this:

"Acquisition has a high NPV asset at a price well below traditional metrics: Proved(P1) value of $101.7mm (net of royalties); Proved + Probable(P2) value of $185.8mm (net of royalties)."

Regards,
Ed.

[daar] 16/12/2020 08:07

Billions and billions of shares to be issued?

[justtrying1] 16/12/2020 08:07

Never lasts with this dog

[justtrying1] 16/12/2020 08:05

Here comes the sell off

[edgein] 16/12/2020 08:04

Short squeeze again? MM's showing no mercy? COPL can be hard to get buy orders filled on at times for sure.

Regards,
Ed.

[edgein] 16/12/2020 08:02

U calculate $8m into cash flow, these are producing assets currently doing 1400boepd and rising to 5000boepd within 2 years.

Regards,
Ed.