MULTIDIAGONALS
11 Jul 2018
#multidiagonals [link]
nat81
07 Jan 2018
loading up time to buy some in here taking advantage of the current weakness
dickie3times
24 Sep 2017
From the July 2017 Newsletter: [link] ExxonMobil viewed Block LB-13 as highly prospective, we believe the re-interpretation will need to reveal compelling new prospects for the partners before negotiations can be contemplated for a Phase 3 extension of the PSC.""Following the disappointing results from the Mesurado well, Canadian Overseas is moving its focus to its Joint Venture Partnership with Shoreline Energy International Limited (“Shoreline”
and particularly to the acquired Block OPL 226 offshore Nigeria."video....interview[link]
dickie3times
22 Sep 2017
Video, another look. Newbies not yet seen it?[link]
Elviron1
28 Jul 2017
Strong cash position 1) £2.65+ million in bank currently (based on recent placing at 0.5p and burn rate)2) burn rate of ~£300k/month (ref recent RNS where this is stated) - 8+months from now before the next placing.3) CEO put £150k of his own money into the recent placing - an extremely rare thing to see directors putting in £100k plus.4) Placing was oversubscribed by £2.5 million but CEO didn't take it up - logical conclusion is he doesn't want to raise excess funds at such a low share price because he believes it will be considerably higher before they need to come back to the market again.5) Early production from an appraisal well by Jan 2018 - ref recent presentation on website. Courtesy of Ballistic: "Look at Srsp sat at £30mln Mcap on nothing more than Copl and we sat at £8mln Mcap."6) Shlumberger pumping in $750mln+ into the adjacent blocksThe BIG news we are waiting for here is a funding agreement (and before anyone says it - it is not going to be via a placing as they need about $40 million +) - when/if this comes through you can look at 1.5p as an absolute base. Ask yourself why the CEO would put £150k in and why he turned down an extra £2.5 million at the placing, if he wasn't very confident that he was going to get funding on decent terms....
etadelete
16 Feb 2017
good punt keep an eye on this bottom drawer.waiting for further drop.gla
Bonker
12 Feb 2017
Chart request update - COPL [link]
quackers1
14 Jan 2017
CFO update The COPL team and its partner continue to evaluate the Liberia drill hole information against the 3D seismic. It will take some time but no further decisions are effective until the analysis is completed. COPL operations team are working on OPL226 in the meantime. The pursuit of the Nigerian asset to significantly move forward and create sustainable cash flow has not waivered.
Elster
02 Dec 2016
Re: leaky leaky Lets hope not !
one4all
01 Dec 2016
leaky leaky bUY
Elster
23 Nov 2016
Potato 22nd November spud. Happy Christmas ?
one4all
23 Nov 2016
rig booked to start on 16th December BUY
quackers1
19 Nov 2016
Re: rig mobilised to day West Saturn to arrive 8am 20th Nov UTCSpud not long afterGet ready for some strong SP increase, GLA
one4all
18 Nov 2016
rig mobilised to day buy
