Canadian Overseas Petrol... Share Discussion Threads

[moneymachine2] 23/7/2021 17:12

Have they ran off with the money.

[jamie414] 21/7/2021 19:28

News tomorrow......

[saint in exile] 21/7/2021 08:31

Squirrel Nutkin is about to get his tail snapped off

[phurley] 20/7/2021 12:51

If it was coming back higher, TSX would be soaring. AM should have starred in the Prestige, he's one of the best tricksters the world has ever known

[cantrememberthis2] 19/7/2021 07:37

When is this being released from suspension?HTTPS://mobile.twitter.com/DeepValueHunte1/status/1416870339515138057

[thehitman1] 17/7/2021 22:35

Never trust the yanks.

[bronislav] 15/7/2021 14:06

I doubt it's the accounts that is holding things up .in my view they are using the accounts as an excuse when in reality it's something else.Good thing is the extension delays are suggesting we are close to movement.

[edgein] 15/7/2021 13:54

Jamie,

Possibly, we'll see which comes first, the interim results or the AD.

Regards,
Ed.

[jamie414] 15/7/2021 13:05

Is there a possibility that AM is delaying the Q1 results to be published as the prospectus is with the FCA (with the 2020 atomic accounts) and if he publishes the Q1 results now that would then need the prospectus to be done again and another delay....That's my take on it anyway, hence a short extension asked for.

[edgein] 15/7/2021 12:50

Asm,

True chap, hopefully they'll get them out next week, fingers crossed.

Regards,
Ed.

[asm5] 15/7/2021 12:47

Just 6 working days Ed.

[saint in exile] 15/7/2021 09:38

At least the extensions are getting shorter lol.Lookig forward to seeing the production rates for sure,hopefully they will be good

[edgein] 15/7/2021 09:03

Saint,

yeah looks like another minor delay, where they say results will be published on or before 26th July, that's not even a full 2 weeks this time, so hopefully Art will be on the ball. We're all keen to find out what the Atomic asset has contributed as its got an effective date of 1st Dec 2020. The biggest impact should come from June onward though as the increased injection rates were to be from April. So current and outlook will make interesting reading more so than the interim results.

Regards,
Ed.

[thehitman1] 15/7/2021 08:50

Lol the yanks are very dodgy.

[saint in exile] 15/7/2021 06:16

Yep another extension till the 26th July

[blueblood] 13/7/2021 11:08

Don't be surprised with another 2 week delay imo. Q2 results are much more important anyway and due mid August!

[nasarsaddique] 13/7/2021 10:33

Last day today, hopefully great news tomorrow!

[edgein] 06/7/2021 08:14

Blue,

Hopefully not long to find out and also whether Art is going to consolidate on relist or at some future date. Financial results are due to be published within the next week or so according to that Canadian release suggesting on or before 14th July. So hopefully more action soon.

Regards,
Ed.

[blueblood] 06/7/2021 08:10

Thanks Edgein must be worth 1p at relisting

[edgein] 06/7/2021 07:50

Blue,

WTI price will be a little lower than Brent, Bonny light will be similar price to Brent. But yeah the oil price has almost doubled in the US compared to the acquisition price of Atomic. Arthur can do a good deal for sure. NPV now more like $360m up from $185m. I wouldn't rule out them acquiring the interests of Cuda and CNOOC though to add more reserves. Also likely to add more reserves through drilling too. So yeah Atomic at the current oil price is even more transformative than when it was first announced. I hope that they relist soon before we get more corporate activity and further acquisitions then less likely to RTO again.

I'm also looking forward to the next operational update as the company prepares to drill at least 1 well into the Dakota and 1 into the frontier2 formations. Also near term plans were to reactivate the Cole Creek field, therefore more production upside. Not sure if they'll have doubled the production rates just yet, but am open to be pleasantly surprised. Should be a year of good growth though with the plans Art has set out and that doesn't factor in 226 or the other acquisition that Arthur has hinted at. Exciting times ahead.

Regards,
Ed.

[blueblood] 06/7/2021 07:41

Wasn't the Atomic deal based on $39 PoO? Now touching $78 so 100% improvement and virtually all additional profit to bottom line. Production also probably at least doubled by now and going much higher with major flooding initiatives. What a deal and OPL226 in the background!

[edgein] 06/7/2021 07:35

Blue,

Spot on chap. COPL must be sitting on some pile of cash now given what the oil price keeps doing. Brent closing in on $78/bbl it seems.

Regards,
Ed.

[blueblood] 05/7/2021 15:03

Warrants 0.26p so another £1.4m to pay for even more flooding lol!

[edgein] 05/7/2021 14:23

Saint,

Hard to say if they're getting ready to sell those or just replacing the ones they've already sold with these warrants knowing that with the early fund raise they had these 525m warrants to exercise. But its more cash in as a result of the exercise of warrants. We'll see what Hadron do after relist, either way I'd imagine that trading volumes will be as strong after relist as before especially after the next operational update. Art did say that the production lags behind the gas injection by about 2 to 3 months. Increased injection rates started on 1st April.

Regards,
Ed.