Eland Oil & Gas Share Discussion Threads

[nicky21] 07/6/2018 13:28

a good post on COPL..

Edgein7 Jun '18 - 09:29 - 2920 of 2921
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Bounty Hunter,

Its all about timing. OIL was one of my best ever, it went from the teens in the Brenda days to over £4.00 in the post-Huntington era (I sold long before that). Art was exceptional at finding the stuff, especially appraisal drilling and OIL were killed off by the debt and the unprecedented fall in the oil price, that killed off AFR and many others too CAZA et al. With COPL its all about timing again. The market has a short memory and if ART delivers even a fraction of that plan in the presentation then this is going to be one of the highest baggers in the oil sector in a long time. If the deal goes through and they line up funding they're expected to produce from the modified rig, so no 3-4 year wait as normally associated with offshore. Plan is 6000bopd in the early stages and within about 3-5 years and 29 wells later produce 60,000bopd at peak. The market rightly or wrongly expects that this will not happen hence £8m market cap. If on the other hand they get approval from the Nigerians for the Essar deal, finance the well and get the expected results this is Oilexco mark II. The early days of OIL were exceptional and that's why I took some here. One of the smallest holdings in my porty so its not without risk as you point out, but upside if Art pulls it off is going to be legendary. First target 90mmbbls, combined appraisal targets approx 250mmbbls.

Regards,
Ed.

[gconvery] 07/6/2018 13:26

Nice breakout... ?

[nicky21] 05/6/2018 19:20

how come he has managed to partner with Shoreline.

hxxp://shorelinenaturalresources.com/

[nicky21] 05/6/2018 19:16

Arthur Millholland has only a bad reputation with Oilexco.it was the royal bank of scotland which pulled the plug on him.

how come he got Exxon on board to drill the Liberia well.

[cartonet] 05/6/2018 18:57

COPL is an Arthur Millholland company. Just google a bit or ask around to old timers about his past endeavours to know he is to be avoided. By the way its not true ELA and SEPL are the only 2 Nigerian plays on LSE, they just happen to be the 2 where you are spamming your COPL. LEK and SLE are Nigerian plays listed in UK as well, albeit Im only long SEPL and ELA

[nicky21] 05/6/2018 17:26

Guys you really need to check out COPL currently to buy 0.55p.

A potential to be a multi baggar.It tried its luck in Liberia but failed to find any Oil.It is now concentrating in Nigeria.There it has partnered with Shoreline a Nigerian company.
Copl and Shoreline have ventured together and created a company called Shorecan which is owned 50/50 by both.They have bidded for a Licence and are awaiting Approval and Transfer of Asset.
The asset is OPL 226.Five wells have been drilled on OPL 226 by previous operators.A well drilled in 2001 encountered Oil.
When all approvals are sorted then it will drill an appraisal well on the discovery in 2001.Financing for the drilling is meant to be secured for rumours are true.

What is holding the share price back presently is NNPC approval.

$60m was spent on this asset by the previous operator.the potential for Copl is huge.
I know most of you gonna say its another Nigerian scam.IMO i think it is not.Presently we have 2 Nigerian companies listed on the LSE they are Egland Oil and Gas (market cap £250m) and Seplat Petroleum (market cap £850m)

Copl management wants it to be a mid tier oil and gas company ie £250m-£500m

All to play for.Current market cap for Copl is just under £10m.I think its one of the best plays on the LSE.

[mr.oz] 01/6/2018 14:45

Have a look at the trades
200 plus, so far with someone bidding for hundreds of thousands of shares, but in small repeat blocks.
And someone obliging each time they bid.

[cartonet] 01/6/2018 13:47

can you elaborate on that,Mr.Oz ?

[mr.oz] 01/6/2018 13:14

Very unusual transferral of shares on the bid today.Anyone hazard to the nature of this activity?

[mr.oz] 01/6/2018 07:52

Op.9 update any day and possibly at same time as notification of Op10. drilling start.

[mr.oz] 29/5/2018 08:12

PH upped Tp to 155p this morning

[mr.oz] 27/5/2018 11:15

Sentiment returned.

[robizm] 22/5/2018 08:49

I personally think 1.40 is way to low. If ubima and gkebout start up in 2019 these could be on 37k bopd by the end of 2019 mid 2020. if the planned well is a success then thats another reserve replacement and these guys have loads of stranded discoveries around them.

[underdog] 22/5/2018 08:34

Seems to have helped

[mr.oz] 21/5/2018 15:38

ELA uses the trans escravos route

[danboris2] 21/5/2018 15:16

Breakout territory now... next stop 110 this week

[cartonet] 17/5/2018 16:05

only double is an understatement imo....

[mr.oz] 17/5/2018 15:16

I can't think of a reason why people are not further excited by this company
SP to double in 18mnths?

[mr.oz] 16/5/2018 11:58

If you read the Op-8 rns it stated this;

"The well encountered seven oil-bearing reservoirs, including the C2000 reservoir, the first time that oil has been encountered in a shallow 'C' reservoir. Total net pay, in the seven oil-bearing reservoirs, is approximately 160 feet apparent vertical thickness. The next planned Opuama infill well, Opuama-9, will test the four 'C' reservoirs in a crestal location. "

So net pay zone in Op-9 isn't possibly as sensational , but still good.
And no mention of the C reservoir
IMO

[cartonet] 16/5/2018 11:53

ROBIZM- care to elaborate?

[robizm] 16/5/2018 07:37

todays rns whhat about the c sands

[robizm] 15/5/2018 21:33

the shipping route does not cover the whole field and takes a while to set up and yes they should have issued a rns as it is material impact on the company and its finances

[rachael777] 15/5/2018 15:37

well they do have an alternate route to market should the forcados pipeline be out of action so maybe they deem no need to rns - dont wish to cause any undue panic....no need to get those pesky shorters alert now is there!