Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
I will rephrase that post.
Could failure of record keeping and off channel communications be added to the Class Action lawsuit currently ongoing.
https://www.reuters.com/business/finance/us-sec-says-16-firms-fined-more-than-81-mln-recordkeeping-failures-2024-02-09/?utm_source=Sailthru&utm_medium=Newsletter&utm_campaign=Global-Investor&utm_term=020924&user_email=59c5c58c0a86b88b55b80e7009b8457a61541cbb7a7eb67a45dbf467ae46d3a9
Could failure of record keeping and off channel communications be applied to the Class Action lawsuit.
https://www.reuters.com/business/finance/us-sec-says-16-firms-fined-more-than-81-mln-recordkeeping-failures-2024-02-09/?utm_source=Sailthru&utm_medium=Newsletter&utm_campaign=Global-Investor&utm_term=020924&user_email=59c5c58c0a86b88b55b80e7009b8457a61541cbb7a7eb67a45dbf467ae46d3a9
Added to all the information that posters have found out, I still do not know how AM and his cabal got away with the last AGM.
Salary renumerations, 1000:1 et etc, all done with trying to keep the AGM vote out of reach of as many shareholders as possible.
I had to contact ii for my voting form, every other company I get it automatically.
I do not believe the AGM voting results, who would vote for a 1000:1 consolidation, everyone I know voted AM off, the whole thing was rigged by his Directors at the time. They remind me of the nodding dogs that people put on the rear window shelf of their cars
I have emailed for confirmation if ASM is still working for COPL, still President of COPLA but guess what, did not receive a reply from Investor Relations!
GL, back offshore.
Tuvok, from 1 Nov 2022, JV negotiations plus LOI recorded in numerous RNSs until termination RNS 18 December 2023.
There it is, one of many smoking guns if it was all made up, in print and names at the bottom.
Sue away if you believe the JVP was a lie.
Tiburn, with the current geopolitical situation, this discovery, which I still believe in, is very important to US energy security.
This abyss that the COPL BOD (including AM) have created I would of thought has become politically embarrassing and am hoping that maybe someone can bang a few Anavio, SL and COPL heads to resolve the situation and get the JVP back to the table
It does not make good reading for investing in Wyoming oil industry.
https://cowboystatedaily.com/2022/08/08/billion-barrel-oil-reserve-discovery-confirmed-in-central-wyoming/
Brattus, I was going to reply but FF has made my point.
Oil, more than 1bbl, all recorded in black and white so is this a lie or not.
If it is well I think shareholders have a right to complain.
I could go on, the JVP, LOI lie or not but it is not my style to write a biblical epic.
All it needs is someone to bang their heads together, stop bickering and drill, we will need this oil for the near future.
https://mailchi.mp/973884a4f1c2/oilprice-intelligence-report-why-oil-prices-are-seeing-a-steep-correction-1529072?e=ba6f8e7bdc
Red Sea, Strait of Hormuz, Gaza, South Africa accusing Israel at the Hague, Italy opting out of supporting US & UK operations on Houthi terrorists, European countries hesitancy over Ukraine and general quietness about all of the above.
Very soon US could just turn around and say to Europe and others you police the terrorists, support Ukraine, we are off.
We will look after ourselves, we need to be self sufficient in oil so Large US oil companies stop mucking about and bring the oil on line in the PRB, Putin could be around for at least another 10 years.
Anything can happen including oil companies coming back to the table.
F1, I am staying in, hate losing money but it is not part of my investment/retirement portfolio.
It is already in the bottom drawer but why did the BOD propose 1000:1 consolidation, change of name, moving to a US index, the 1bbl which Ryder Scott confirmed, 51 sq miles of Powder River Basin which is hot property, nothing adds up.
Did they see this coming, did they make up the $17m support that Alfresco alerted to in his post 09:32.
Why are we still trading, will it become a new company with all the oil waiting to be drilled, there is so much that we have not been told.
Panama, keep going and annoy the scrote Coplherder.
He/She working for someone as they want Copl to keep going so they can trade it, they do not want suspension or an investigation.
77 posts since the 21 December, complete and utter fraud, I've done ASC and FCA and currently writing an email to Ogden.Driskill@wyoleg.gov
Coplherder, I know you think you are the all knowing oracle, obviously working for someone but for many the 1bbl announcement was what attracted many to this share.
The cowboystatedaily article added legitimacy to this announcement and Driskill's comments added to this, so as far as I am concerned I think Driskill would be very annoyed if it is a scam and the 1bbl was made up as he helped to confirm it, that was my point!
"The confirmation of a newly-discovered oilfield in Wyoming that could top one billion barrels has a state senator in Wyoming cautiously excited about its prospects.
Last Friday’s news that Canadian Overseas Petroleum Limited confirmed the presence of a 993 million- barrel oil reserve in Natrona and Converse counties has Wyoming State Senator Ogden Driskill (R-Devils Tower) comparing it to the massive Bakken oil reserve in North Dakota".
https://cowboystatedaily.com/2022/08/08/billion-barrel-oil-reserve-discovery-confirmed-in-central-wyoming/
Coplherder today.........."I for one am here for the ripped off and it's not really any regular poster here".
That has to be the stupidest statement today, I nearly fell off my chair, Arthur Milholland would of appreciated that BS.
LOL.
Coplherder, I know you think you are the all knowing oracle, obviously working for someone but for many the 1bbl announcement was what attracted many to this share.
The cowboystatedaily article added legitimacy to this announcement and Driskill's comments added to this, so as far as I am concerned I think Driskill would be very annoyed if it is a scam and the 1bbl was made up as he helped to confirm it, that was my point!
"The confirmation of a newly-discovered oilfield in Wyoming that could top one billion barrels has a state senator in Wyoming cautiously excited about its prospects.
Last Friday’s news that Canadian Overseas Petroleum Limited confirmed the presence of a 993 million- barrel oil reserve in Natrona and Converse counties has Wyoming State Senator Ogden Driskill (R-Devils Tower) comparing it to the massive Bakken oil reserve in North Dakota".
The 1bbl find was well documented and went to a political level, if this was all a fraud and a plan to steal the company from shareholders as some on here say then I do not see how those people who committed it get out of this one, there will be politicians wanting to know what the hell is going on.
I still do not think it was fraud, just inept management on a grand scale.
https://cowboystatedaily.com/2022/08/08/billion-barrel-oil-reserve-discovery-confirmed-in-central-wyoming/
Knw777, now you are fabricating a story that I do not recognise happened on this bb, someone today said you have made up your 300,000k shareholding, you are just making things up for your 15 minutes of bb fame.
Many supported the SAS and the group I am with voted against the consolidation.
I am not going back to check but most of the Directors we voted against also including AM.
My history will show that we were sceptical about the results of the AGM.
Knw777, " legally lied" is perjury after being sworn in in a court of law.
Your statement below is saying that the last 2 years have been a confidence trick on shareholders, if so the consequences to those who perpetrated it, if true, is huge.
Just this fact would drive these persons to find a solution, this is the USA where they do throw people into prison.
I think that AM thought that the very fact COPL are sitting on 1bbl when verified by RS that the banks would come running, they did not.
He completely misjudged the situation, he got wrapped up in his own legend in his lifetime dream.
I still hope that whoever COPL were talking to that they come back to the table, for me after one year it must be about money, if there was no oil this would of been verified ages ago.
Why did the energy company propose a JV, because they know there is oil.
Some on here will say that if COPL go bankrupt that AM would not care, I say he would, the loss of face will hurt, the man that had 1bbl under his feet and lost it, quite a legacy to live with.
I'm with you Steve, I did reply this evening, this Senior Debt RNS coming so soon after the JV negotiation withdrawal could be a face off about money and the Senior Lender not happy with COPL hanging tough.
Hey, I could be wrong but after one year of JV discussions money could be the sticking point, if this was all a con then the last place I would do it is in the USA, they put people in prison.
Enjoying a drink in Jack's Bar Dubai Airport if anyone around, heading on leave.
Take it easy.
Looked in on hearing the news, two points.
Firstly, I am hoping that all this is a face off because someone is not happy with COPL regarding JV discussions and they want their ball back so up to COPL to go back to the bargaining table, after one year of JV discussions I cannot believe that they have worked out there is no oil.
Secondly, Fastfood has been pounding on his keyboard, for someone who moans about the company and their problems, such as " Ok then Bladderman. Baring in mind we have been unable to obtain sufficient Finance at viable rates re CC previous / does not suggest to me this goes for Top money in a fire sale", why did he/she invest in the first place when it saw so many problems?
I went for the JV, who knows why we are at this moment but maybe it is a face off about money.
Here's hoping.
"Letter of Intent has been terminated and no further discussions are planned at this stage".
The wording is everything, come back with a better offer imo.
Take it easy, see you in the New Year.
To many are interested in Fed Deep for this to go cheap, that is why it is taking so long imo, Buyout, JV, does not matter, tight oil plays are par for the course now, AM resigned his directorship, someone else in charge now.
CANADIAN OVERSEAS PETROLEUM (UK) LIMITED (06916260)
MILLHOLLAND, Arthur
Role RESIGNED
Director
Appointed on
27 May 2009
Resigned on
5 September 2023
https://www.aogr.com/magazine/cover-story/powder-river-plays-bakken-refracs-grabbing-rockies-spotlight
"Fast-forward to today and it appears the Powder River is next in line. Continental Resources and a short list of other operators are recording some of the nation’s most productive wells, even as they still delineate positions with multiple stacked pays and overall pay thicknesses as great as 5,000 feet.
Record Powder River IPs
Driven by the initial drilling results targeting stacked tight oil formations, the U.S. Department of Energy is forecasting double-digit production growth in the Powder River this year.
With its recent move to privatize, Continental now leverages all the strengths of one of the largest “big independents” with the nimbleness of a private company to quickly adapt to changes and capture opportunities. That gives the company unique advantages, whether in its core Bakken operations or in its up-and-coming Powder River assets, says Scott Donnelly, vice president in the Williston Basin.
Bakken heavyweight Continental Resources is building on its substantive Rockies operations by bringing in new horizontal wells in the emerging Powder River tight oil plays with 90-day IPs as high as 65,000 bbl/d and restoring production comparable to initial rates in its Bakken refracturing program.
“We are excited that we finally have the ability to avoid the noise of the public markets after turning private. With that, there is a lot of opportunity that presents itself,” Donnelly comments.
Opportunities include taking advantage of in-house expertise honed in the Williston and Anadarko basins to delineate and develop the Niobrara in the Powder River with an eye on the underlying Mowry Shale, adds Ryan Baker, Continental’s vice president in the Powder River.
“Our Powder River and Williston teams are working together to turn the Powder River Basin into the next Williston Basin, and that’s very exciting for our entire team,” Baker relates.
"Over two years, the company has amassed 400,000 surface acres after closing on acquisitions from Chesapeake Energy and Samson Resources II, with much of Samson’s assets in the Powder River core in Converse County, Wy. Already the top Williston producer, Continental is now second in the Powder River, with average 90-day initial productivity exceeding an eye-popping 65,000 barrels of oil on the company’s best Niobrara wells in Converse County, he reports.