Canadian Overseas Petrol... Share Discussion Threads

[edgein] 06/1/2021 07:39

"For an oil asset that is worthless."

You'll find that 31mmboe of mainly liquids has an NAV of $185m at $39/bbl and net backs over $20/bbl. WTI has since risen to about $50/bbl and keeps rising recently. So who is the one with the misinformation? :) Conventional non-shale oil production onshore USA is highly profitable at $50/bbl on pretty much all light oil fields. These assets are stacked sandstone reservoirs. With the rising oil price it'll certainly strengthen Art's hand in securing the debt for these game changer assets.

Regards,
Ed.

[edgein] 06/1/2021 07:32

IAWT,

No not really, did you realise that 5m shares at 0.05p is only £2.5k, 10m just £5k? I've an 8 figure holding and yes it did cost many thousands, but its still not my biggest holding by value. But don't worry I'm a former EUA holder from a 0.37p average, I can easily afford it. :) I'm among a few here that's had faith that Art will bring home the bacon, even when the share price was 0.035p there was no NT to buy back then with the amount of capitulators there were about. Whether you believe me or not its of little consequence, I'm more interested in what happens with the USA asset, the west African EOR asset and 226. Great to see the recent support for the company as they got their hands on $8m quite quickly and easily from a few phone calls from Art, exciting times ahead.

Regards,
Ed.

[shauny2] 05/1/2021 22:39

Real money is made by finding a beauty like COPL, understanding the acquisitions and getting in at the bottom.

Watch and learn.

[jamie414] 05/1/2021 21:57

Frogy/inartwetrust is a seriously bitter and deranged investor and should stick to Pokemon.I thought I'd help save the thread from nonsense and get rid of him.

[inartwetrust] 05/1/2021 21:36

Then you must have spent countless thousands to get your average that low or you are a trader and take advantage of Arthurs regular dilutions. Either way you are not to be trusted Edgein and all about misinformation like the nice Mr Mulholland.Anyone investing in COPL is making a serious mistake. Next round of funding coming up very soon. For an oil asset that is worthless.

[ronjoe77] 05/1/2021 01:32

Joe Biden is going to totally sell oil out and go all electric, Africa oil is down in the bottom shelf and will never come back unless it's 100$ a barrel but that won't coz this Covid is to bring in a new crypto currency.....oil is the worst to invest in

[ronjoe77] 04/1/2021 14:03

He needs to raise Billions for this project????? It's oil a big no no to get 1 ball of oil to shore = 69$ to sell on market is 39$ works that out

[ronjoe77] 04/1/2021 13:56

It's all lies the lot is all lies when are you going to get it It's all liese

[ronjoe77] 04/1/2021 13:54

Stop crying

[ronjoe77] 04/1/2021 13:52

Nice price

[asm5] 02/1/2021 09:52

https://energy.economictimes.indiatimes.com/news/oil-and-gas/nigeria-considering-oilfied-licensing-rounds-in-2021-nnpc/79689535

[ronjoe77] 01/1/2021 21:33

U guys are the gift that keeps giving, mugged again, yah bunch of one Dalit will come good, that's the con and you fall for it year after year

[shauny2] 01/1/2021 12:15

Who cares, we now have Atomic, Feb/Mar no problem.

Only ones that are worried are the shorters, lol!

[frogyboyo] 01/1/2021 02:12

Bet you a lot of money it is not sorted by end of Jan 21

[9naz] 31/12/2020 16:57

Totally agree,if it was going to be revoked they would have had to do it at least two months before expiry, ie. by the end of July ‘20.
They have been extremely busy with the dealing of the first marginal licences in 20 years and only concluded that very recently, add in covid as well, should be news early Jan 2021.

[mindthegapup] 31/12/2020 12:31

OPL 226 is alive and well.

Should get licence update by middle of Jan.

Ignore the ignorant fools saying it's a dead duck

[smackeraim] 31/12/2020 12:19

Let us see. I trust my own judgement more than a BB white knight. Happy new year!