Member Info for Altag

Think someone needs to chill a bit! Do what I’m doing and go out and enjoy the sun for a bit!

Like Groundhog Day in here ….. it’s like there’s a daily rota for what’s wrong with the world of copl

Talk about rinse and repeat the agenda ……

Some of you need to cheer up a bit or go invest in premium bonds or something bit less taxing than oil cos

Saudis cutting oil production should help keep oil prices up above $70 per barrel

Good news, much needed and a good start to the week.

Dough if you wanna talk metrics what you got COPL’s current enterprise value at?

Then we can discuss whether we think copl are over or under valued currently

Errrr we’ve just taken a vote and the vast majority of shareholders are happy with Art

Keep up old boy

2857mal - yep 20.5m, I have taken an extra 500k in recent days, share price way too good to resist

Onwards and upwards!

“……just because we don't post messages after message in response……”

Best post of the week, proper pmsl

Oh dear lots of bluster about voting against art out, vote against dilution …..doesn’t seem to have happened in reality. Seen it loads of times before, maybe cos if you’re short you don’t actually get a chance to vote?

Gonna be a bit like brexit this one……we demand a recount …. Whatevs :)

“Why would he do that? Maybe he and his lawyers know more than we and feel it’s a done deal despite how long it’s going to take so any effort into short term SP rise through comms is pointless. “

Finwittrader - are you talking about the same lawyers that took 20m copl shares in payment for works done ? ;)

Dusterhater - agreed and I’d say enterprise value even more important than the market cap when you consider the convertible bonds.

Antha - and perhaps your short and don’t own any stock so can’t vote. And perhaps you don’t like the 1000-1 idea because it will make the stock a lot less liquid and therefore harder to trade. And maybe Art knows it and has got a sense of humour…..I dunno but consolidation don’t bother me

Plenty of companies take a stake in the listed company as well as farming in or JV’ing in the sub co.

Stas - he could easily do that without consolidating we only have 400 odd million shares in issue. So imo it’s for another reason.

Ed - BP , the clues in the name…..the US investors don’t like penny shares. I can understand why to some degree.

You would need to crazy to vote Art out at this juncture imo……slap bang in the middle of JV commercial term negotiations.

You could argue the opposite - JV might be coming soon with the third party wanting to buy into copl but what self respecting major oiler is going to announce to their shareholders that they bought into a company at 5p, now if it £5 not an issue…..not saying that’s what’s happening just saying that is equally a possibility

Easy - I’m at 20m

Ed - the document also says it may be used to facilitate a corporate transaction. Consolidation isn’t a problem.

Antha - yes I voted for on all resolutions

You get diluted because the company needs more capital not because you consolidate your shares

I personally don’t go with all the doom n gloom connecting consolidation and dilution , there’s no connection imo

Document on Sedar says he owns 3,346,016 so just under 1% of the 345m shares in play at beginning of April

I had c12m at that time ….. voted for on all resolutions