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COPL Canadian Overseas Petroleum Limited

0.0575
0.00 (0.00%)
14 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Canadian Overseas Petroleum Limited LSE:COPL London Ordinary Share CA13643D8008 COM SHS NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.0575 - 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Canadian Overseas Petrol... Share Discussion Threads

Showing 1826 to 1847 of 29800 messages
Chat Pages: Latest  76  75  74  73  72  71  70  69  68  67  66  65  Older
DateSubjectAuthorDiscuss
21/12/2016
11:28
The $120m was for the 83% stake.So COPL could be in line for the full 100% remainder if exxon pull out of a second drill.
lithological heterogeneities
21/12/2016
11:27
ie the 17% is nothing to do with the $120m whatsoever.
lithological heterogeneities
21/12/2016
11:25
Mr k,COPL sold 83% to exxon for $120m leaving them with 17%.So COPL would not be owed 17% of the $120m or$60m. COPL will be owed 100% of whatever is left ($60m+) plus they keep their 17% stake.
lithological heterogeneities
21/12/2016
11:23
Looking forward to Artha's speech tomorro pm

A 3p speech?

the patient investor
21/12/2016
11:23
Good posts cheers
tidy 2
21/12/2016
11:19
Lith,

We can only speculate at present as to the exact costs of the Mesurado-1 well.

IMO in today's market downturn & given that the West Saturns day rate was massively discounted at $225k per day, Mesurado-1 would cost a maximum of $45m-$60m. No wireline run just a straight forward P&A .....

The $120m would then reduce to say $60m of which COPL is free carried for their 17% paying interest. If you read the LB-13 PSC I couldn't find any clause allowing for the 2nd well in the 2nd exploration phase not to be drilled. I will gladly alter my view if anyone has an alternative view from the PSC?

$60m - 17% Carried interest = $10.2m US

So if Exxon relinquish LB-13 they "MAY" potentially have to settle with COPL along with NOCAL.

One way or another Arthurs interview will be enlightening to the market.

Mr K.

mrkeysersoze
21/12/2016
11:16
No, but I am tracking the Armada Kracken ....
deanroberthunt
21/12/2016
11:15
Exxonmobil West Saturn drill ship status:Contracted to Jan 2017 at a day rate of $225,000 per day.Http://hugin.info/135817/R/2058454/771518.pdfSo we still have the drill ship and the day rate was substantially cheaper than the $0.5m-$1m per day originally forecast back in 2013 before the Liberia ebola outbreak put the drill on hold. Exxon could easily extend the drill as its now so cheap to do so in conparison to original forecasts.
lithological heterogeneities
21/12/2016
11:14
Nice buying now
tidy 2
21/12/2016
11:13
Daft question but is anyone tracking the drill ship to see if its f@cked off back to port or if it is still in that vicinity?
keya5000
21/12/2016
11:09
Good post Ih I'll ask on lse
tidy 2
21/12/2016
11:05
Tidy lol, how sweet
the patient investor
21/12/2016
11:04
1....We already know that exxon have booked the drill ship to Jan 2017 so there is a possibility ee may get another RNS very shortly for a second well. 2....However, if exxon are contracted to spend $120m and do not want to do a second well as this was bone dry, then does the contract force them to pay compensation for the difference to COPL, ie maybe $60m+ or whatever the figure may be. This would then fully fund OPL226 and buy more assets.Either way is good for COPL.
lithological heterogeneities
21/12/2016
10:53
do you want a medal?
deanroberthunt
21/12/2016
10:51
In with 4k ish quid at 1.84 211111 shares
the patient investor
21/12/2016
10:41
be over 3p by weeks out.
deanroberthunt
21/12/2016
10:35
COPL simmering nicely.
10p here we come
21/12/2016
10:33
Get in below 2p and smile at 4-5p
tidy 2
21/12/2016
10:31
also like pickled eggs and pickled chillies....
deanroberthunt
21/12/2016
10:31
July interview to Ceo millholland
the patient investor
21/12/2016
10:28
I know my pickled onions....done a few batches ready for Xmas Eve and Day :)
deanroberthunt
21/12/2016
10:18
Trust dean to know his onions.
10p here we come
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