Member Info for Bridgedogg1

My $4m includes offset debt owed to copl of $3m.

I don’t think there will be a problem clearing them. It’s just annoying to get the drop on the announcement when there is no dilution and now a gradual dilution. Hate loan notes. Let’s hope they clear quickly.

What’s that got to do with it? The loan note matures Dec 2022. So it’s either take 10% then or 10% + when the share price offers the opportunity between now and then?

Yes I know how it works.

If there's an immediate >10% turnaround on the conversion I'm sure they will take that option over 10% interest in December 2022. There only reason to go that route is if the share price stays below 8.8p for the whole of 2022.Just saying that whenever 8.8p gets broken the conversion will kick in. Let me know if I'm wrong, happens all the time.

Suggest if people want the price to go up they buy some shares ;-)

£3.3m left on convertible note at 8p puts a little bit on a drag on the share on anything over 8p. I expect they will take the less risky option of converting and selling what they can before the drill results. Each conversion will be a kick to the share price and stall any rise IMO. Still its worth it to fund the drill.

We have been producing just ahead of the hedge of around 1k bopd so yeh no oil price impact on our immediate revenue but obviously doesnt hurt that oil price has doubled since we made a huge oil asset purchase. Also has a knock on to the valuation of reserves, the ones we have on the books and the ones that haven't made it YET. Also has a bearing on development funding. Still no impact on share price is yet another indication of how undervalued this is.

Dare i say it… - this could be the last time we drop down to these levels with Cuda and end of year results due in the next few trading sessions.

“ There is a curse.They say:May you live in interesting times” TP

I was thinking about the forward selling/placing conspiracy in general, not relating to COPL particularly. Clearly a bad thing, shares drop on placing announcement and someone’s mates make a guaranteed profit, not how the market should work.

BUT if the shares are forward sold then there is effectively no dilution after the placing as the additional shares have already been sold in the market at pre placing prices?? Am I looking at this correctly?

I would also say that if there is a ‘book build’ on a placing, as we have had in the past, then it wouldn’t have been forward sold, the only way would be if the financer in question picked up the shares themselves with a direct agreement?

Traders gone quiet, they must have bought in

Feels like a blue day, plenty of buying at these levels.

Thinking about funding, does it not make sense, from ours and a financiers point of view, to let the Vivakor plant up and running in June to prove the economics of the project. We can then secure funding on very favourable terms. We have until the end of the year to make the payment for the remaining 90%. In the meantime we can see what revenue, if any, can be extracted from these shallow drills.

Taking a step back the news flow does make sense.
-no Cuda update until we hear from the receiver (we knowing in a bid because we raised for it, any terms are confidential for now)
- no production update since issue with pressure because the fix is waiting on Cuda
- no discovery update because the drilling program is waiting on Cuda

Once Cuda has been announced and end of year is out of the way I expect a flurry of activity here.

-we will be replacing a bankrupt partner with a fully funded one, or adding it to our pot
- oil price is rocketing
-baby steps in Nigeria , could jump ahead
- good understanding of producing assets, upgraded facilities and restart of MF program

Regarding the CPR I don’t know if our one drill and historic drill data, along with geological trends etc will be enough for a CPR over all the whole acreage, but let’s not forget that we have drilled and are producing from a vertical in the Dakota formation which covers most of our acreage. That’s got to be enough to add atleast a few million barrels recoverable to our reserves. That would assign a fair amount of value in the current environment. Anyway I think the CPR is a bit of a red herring, important thing now is Cuda and drilling plans. The master plan will be revealed shortly and we have a number of enviable options depending upon how things pan out.

We know that the valuation assigned to oil companies that are drilling appraisal wells of this magnitude far outstrips our own, so bring on the details and we can generate a bit of excitement.

Shame to see solid commentators and researchers being baited by a few disrupters who are trying to shift the conversation for their own ends. The current vacuum of news will soon to be filled and this can return to a quality board.

GLA

I also note that the CFO left in September and we’ve had an interim CFO since then so things may be different.

It’s been atleast a few days since we had a mega new deal announcement, what’s going on??

GLA positive holders

Those saying trading update hasn’t been provided this year- there was an early one mid December, since then 5 prices of fairly significant news announced to market, what need of another trading update?

This timeline was put in place months ago, before the sales agent actually produced and marketing material. It’s certainly not fixed, just a good guide. The receiver will want to wind this up as soon as possible- their fee is capped so time = money for them.

Always some good news with bids lately, hopefully will transfer to some solid buying.

GLA

Hopefully the videos aroused a bit of interest here today and this week. Big news soon.

A fair few companies beginning to announce results. Shots be used soon, along with Cuda update

No substance?

Signed multiple deals with media companies and games developers. Guaranteed income. Scaling up.

Not exactly hot air is it? I guess you know that. When’s payday again?