Member Info for BurrenBoy

Surely shareholders as business owners have a right to company info to be able to make a decision to hold or sell. Secrecy to protect others ahead of shareholders!

The CEO needs to work for the best interests of shareholders. Working for the senior lender to obtain a quick sale isn't in shareholders interests at all!

I hope we can find similar support like gamestop did, it was all over the news!

It is well known internationally that the Canadian Criminal Courts are soft on fraud and financial crimes and accordingly fraudsters seek haven in Canada to perpetrate their frauds.

I'm watching the wirecard documentary again, it's so similar, they were brought down and it all collapsed like a pack of cards!

100 dollar oil back soon!

Oil Could Rise More than Anyone Expects This Year

By Irina Slav - Mar 14, 2024, 7:00 PM CDT

Oil prices have been strengthening over the past few weeks. Morgan Stanley's global oil strategist Martijn Rats has predicted. In fact, prices could rise so sharply that they might take some by surprise.

Can you imagine if a private consortium stumped up an offer and gazumped the master plan! Would need at least 100 people with 500k

The senior lender is getting tye bargain of the universe.

All for 40 million max.

Politically, COPL is in a great spot. Biden has approved the Willow Project in Alaska. Trump, when asked how to fix the economy, simply said ‘Drill baby, drill!’ Both Presidents know that the key to reducing inflation is cheap oil — the Alaskan Prudhoe Bay Oil Field n the 1980s helping cure inflation back in the day.

A dream field is in play, smack bang in the middle of the continental United States just as rare political bipartisanship turns to drilling.

However, there needs to be a joint venture. COPL does not have the financial firepower to develop this new Wyoming asset properly. Chevron, BP, ExxonMobil, Occidental Petroleum, EOG Resources, Hess, Devon Energy, Ultra Petroleum, Cimarex Energy, and QEP all operate in the state — arguably any would be happy to sign a deal.

On 20 April 2023 — literally one month ago — COPL noted that:

‘Discussions with a large oil company who approached the Company regarding the exploitation of its Frontier oil resources are continuing with current focus on commercial terms. These discussions, as well as the identity of the party involved, will remain confidential until their disclosure is appropriate by agreement. Substantial additional technical evaluation has been undertaken during this period, which has led to a better understanding, and increased confidence, of this resource.’

While the market may have forgotten the good news, they won’t have. And if I had to guess, I expect that JV negotiations are already happening.

Few more hours and then we will know if the judge is going to pass the corruption.

What I don't understand is why a company doesn't just reverse into copl.

Probably only the senior lender will have access. I have researched a lot and the stalking horse very rarely has any challenging bids

Then the jv buys off sl for 42 million

The stalking horse bid can only be up to 40million. Its a credit bid and can't exceed the debt. Stalking horse bids win 99.99%

We have a few more hours to stop the court order. If there is a god now is the time to pray.

40 year field at early stage and we are going bankrupt.

We have one more day!

Chapter 11 bankruptcy protection may not mean the end of the company, but it's always fatal to the stock. Debt-holders get paid first, and then they own what you thought was yours. The end.

Brent Soars Past $85 As IEA Recalculates Supply, Demand