London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East and have access to Premium Chat. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
And this one .......
Send so many it virtually crashes. Lets keep emails polite and professional. We need to keep the moral high ground even if IF they haven't.
Just keep demanding answers, evidence and call for the meeting to question them as one suggested
So no money left now, he will either raise more or sell a chuck of opl226 to the karims family and keep on till there is some sort of production out of this enough to keeps his monthly checks rolling in, but will be worth zilch to us, he k iws what his doing very well
Here's one of the copl emails
Suggest everyone keeps sending multiple emails demanding answers and mention going to the press, exposure, investigation, class action etc, the latter a very real option if we have indeed been lied to all along....
As per an earlier post how do we get an investigation started to go through all previous announcements against what AM can produce as unequivocal evidence this that and the other happened or was in process of happening when he said it would???? Enough is enough, Shareholders have a right to know and seek redress if needs be.
AH should be struck off as future CEO if found to have lied, not saying he has.....yet....and investigated by the relevant authorities and Canadian and UK police.
Inundate this email address chaps!!!
All before the lights are officially turned off of course -so would have to move quickly ffs.
Thought that a real possibility for quite a while opul and have posted previously that Pepsi Karim is not all that he seems as I remember his shady and dishonourable dealings with African Eagle investors many years back.Not being racist in any form just factual.Totally ruthless.Btw wasn’t there the possibility of calling an Egm some time back via Jiving and some serious larger concerned investors who held in excess of 10 per cent.May not get our investment back but at least we could give the fat baresteward a grilling , some discomfort and officially expose him for the lying fu— -ck he so obviously is with the appropriate institutions including hopefully an investigation by the criminal authorities.
Shib- he looked straight into CDN eyes and lied to him that the dispute was no concern and was over. But never released an official RNS.
As for country I stand by my comments, they are all crooks, yet want western countries to bail them out but try doing business in their continent and you’ll be infront of red tapes after red tapes.
Sub it has nothing to do with kola it's all down to lieing fat man so don't bring in country and colour Into this, there's is issues and can be issues in any country with hold ups and can take time, but fat man milliholland knew what was going on and how long this could take, in the back of my mind I always knew things would take a very long time in Nigeria but fat man man told us different and only so he can raise money and keep his fat checks coming in.
This was a project that should have been left in the back ground while we went for other oppertinuties but fatty pumped it up and lied to us and we believed it as we thought he wouldn't lie to us, he is worse then the Nigerian scammer as he is good at it and fooled us all,
Unfortunately 0.03p is a reality fund raise..which is needed asap.
Ive said this long time ago, I dont trust Kola, why???? Cos men like him are from a continent infested with corruption, they all are.
White man trying to do business in a Black mans country how dare he!
I don’t care what you think but this wouldn’t have happened in a white European country.
Africa Time BS.
Submariner, I'm well aware that sort of language is fairly standard - hence my terming it "in part boilerplate".
What gives such boilerplate language more significance than usual is surely the c $300k monthly cashburn versus sub $500k cash on hand six weeks ago. That's simple. Get more cash in now - or things will be bleak indeed.
with the current Sp Obliterated and Billions of shares in issue it does make me wonder what Arts next move will be,
I've still got a horrible feeling this will be transferred through Arts Incompetence over to Kola, by means of default or Liquidation of Copl, maybe Art has done some background deal/discussion with Kola, who knows, they could quite easily do such a deal , in effect they have fleeced the market to get to this point, go bust and Art and a few insiders walk away with the License, given over to Kola and Co, then in another year or so move it to a producer, what's to stop them????
GLA LTH lets see what the end of the year brings???
Feel for you CDN; he sat there told you what you wanted to hear, bet you feel sick to the stomach.
But my hat goes off to you sir, for attending the AGM.
I feel this is it, I feel gutted, thanks ART we believed your BS.
So, he lied to you CDNoilsupporter - surprised?
That part of the MD&A is an almost total cut and paste Berta. That Arthur has gone through it and removed the reference to discussions with the service provider is not good at all. Well spotted.
It would seem that they are still in dispute with EM (therefore included in the MD&A). Not sure how he can say one thing in an AGM yet completely contradict that in an official release.
Well has they say balls deep. I Feel like one of the musicians that carry on playing as the titanic sank. All or nothing now i will go down with this ship it will probably sink in the sea near OPL 226. How ironic that when on the sea bed i spot oil. Oh well you still never know now have a 2 percent chance.
"ShoreCan is in discussions with the Service Provider, which involve the provision of drilling services, the supply
of a mobile production unit and a storage vessel for a deferred fee. The Company will provide updates on these
discussions in due course. " this excerpt was in the Q2 MD&A released on August 13th, but does not appear on the Q3 MD&A released yesterday...... What the f*ck is going????
No problem CND-
Its on copl website, quarterlys, 2019, MD&A page 13 of 16.
I may have read it wrong but it does say “ As from Sept 2019”
Please do read it but its there quiet clearly.
No doubt some very large lumberjack in Canada will bump into him one day and give him a right slap.
Plenty more of our Canadian brothers and sisters Pi's have suffered even bigger losses than us.
Shameful to just put out yet another blatantly rinse and repeat RNS. How can he be reported and formally investigated because as before, I've struggled to find out anything Re COPL in Africa to the extent that Art sold his company's profile and IMPENDING prospects in previous notices.
If the dispute with Essar is still ongoing, that is in direct contradiction to what Art said at the last AGM in May of this year. So sub, not calling you out on anything, but where do you get the basis of your information that the dispute with EM is still ongoing? I am just trying to figure out what has really been going on, as compared to what Art told us at the last AGM.
Head in the sand- Why copy and paste that only, guess you haven’t read the MD&A closely.
They have to put that in the RNS doesn’t mean it will happen to COPL, its preety standard really.
What peeps are missing is that the dispute with EM is still on- going and to date any formal action has been not been taken; ie. they still on table to get this sorted for sake of all parties concerned.
The Q3 2019 results have finally made it onto the canoverseas dot com website.
$921k administrative expenses cashburn over the three month period - or around $307k per month.
Cash on hand as of 30th Sept $484k.
That was six weeks ago - there has to be a placing or other cash injection almost immediately.
The following text from the Q3 2019 MD&A, although in part boilerplate, seems to read extremely accurately.
"Currently the Company does not have material cash inflows and/or adequate financing to develop profitable
operations. The Company is pursuing exploration projects and contracts that will require substantial additional
financing before they are able to generate positive cash flows. Accordingly, the Company’s continued successful
operation is dependent on its ability to obtain additional financing. There is no assurance that the Company will
be able to obtain adequate financing in the future or that such financing will be obtained on terms advantageous to
the Company. The Company currently does not have sufficient cash flows to cover forecasted administrative
expenses for 2019. With no assurance such financing will be obtained in future, there is material uncertainty that
casts substantial doubt on the business’ ability to continue as a going concern. All of these factors represent events,
risks or uncertainties that management believes will materially affect the Company’s future performance."
Jetxie, nothing to worry about except billions more shares being issued, a likely share roll-back and raise, or lights out. All of which will more or less decimate the chances of most to break even.
OPL 226 just delay don’t worry about
As CLLN and DEB. Anyone buying be careful I guess
Never mind Arthur you can proudly take your place at the head table as one of the worst ceo’s in recent history on Aim along with James Parsons at Sou (which I fortunately missed ) and a few others.Parsons resigned recently to try and keep the shareholders action group calling for various fraudulent activities and misrepresentation etc at bay. which have been alluded to there.What next for you Fatman?