Member Info for Careful

@Altag - respect
I want an invite to the party !

In your posting history :-
I liked your simple summary of outstanding bonds & possible dilution of 391m shares
and 120m share warrants if exercised bringing in $10 m

adusiek ( your post yesterday 14:42 )
https://www.sedar.com
Duly executed waiver to buy out the senior loan
“Subordinated loan agreement”

Is it tucked away in some obscure folder on Sedar ?
I can't find it.

Shouston I can't find the COPL Sedar filing adusiek refers too . Did you find it ?

adusiek post wednesday 14:42
https://www.sedar.com
Duly executed waiver to buy out the senior loan
“Subordinated loan agreement”

If kosher , bring it on !

Stay positive panamabob
SP is getting chewed temporarily but all the Clues are out there

‘Our principal stakeholders are working together with the Company’,

as mentioned previously, but now in the public domain.
They were at each other’s throats through early February. Not any longer.
Were short of cash temporarily, but AM now has the money men on his side and working together and cutting him a lot of slack.
Have you worked out why ? - ( Yes I think so ! )

Very positive.
Big things happening. ( my favourite post from last week , courtesy of .......... )

Sounding like Hannibal Lecter there fulmar.

Is the date just a coincidence.

Two horizontal permits both approved for the FED Deep so COPL can start drilling when they’re ready.
End of March schedule.
Funding now in place.

Do we know the identity / name of the Senior Lender ?

Have they ever been disclosed in official Copl accounts

Our soon to be replaced ( by RBL )
existing Senior Credit Facility lender who gets 6% of ordinary shares on retirement.
and RNS extract :-
COPL has the full support of its existing Senior Credit Facility lender who provided:
(1) Waiver of 22 March 2023 liquidity covenant; and
(2) A six months asset and leverage ratio covenant waiver on the back of this Convertible Financing while it continues its debt refinancing and joint venture discussions for the development of its Wyoming assets.
Senior Lender further supports this Convertible Financing via an option to roll future interest and/or fees into Bonds, which could provide COPL America a positive cash flow impact of approximately US$500,000 per month.

Yeah , looking forward to seeing the professional Copl team perform again @ Flaring meeting .
March 14th also being end of SL liquidity covenant average cash period.
Hopefully resumption of oil sales revenue helping cash position.
Updated reserves report should be in hand, to facilitate RBL term sheet & draw down before end March.
Short term possible Bond Tap facility.
JV detailed terms when agreed.
Sounds like a lot is happening and sounds like there are various options that the market isn't taking into consideration.

Confusing message Shouston

Based on the late price action , wonder if we are getting some more Tap facility bonds in the morning.
Financing Initiatives
The Company is also actively negotiating and intends to issue additional 2025 Bonds and warrants pursuant to a second tranche of the Winter Bond Financing (announced 3 January 2023), which is expected to close in February 2023 to support its near-term capital requirements for the Company and its affiliate, COPL America.

Interesting chat ?
Please explain what your on about .

Flaring extension for 180 days from 10th April 2023 , if approved.

see that XTO Energy already operate in 3 counties of Wyoming.

COPL should now also have the updated December 2022 RESERVE report for the Wyoming Assets,
( expected to be available in late February 2023 and, will be published in late March 2023 )
Presumably produced by Ryder Scott as well.

Stas20 the previous Ryder Scott report is available
https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00021327
Document : Feb 1st 2023 17:10:14 ET Offering material - English PDF 6808 K
RYDER SCOTT report starts on Page 118

Stas20 ? yes or no

Good to hear Palmer944 , you had me thinking you were losing faith.
Just think its all having to be played out within the constraints of the JV negotiations & NDA.
Kinda think the prospectus shocker was a tidying up exercise required by FCA or JV legals.

Don't see it as binary / Red or Black.
If its not JV with Exxon , it will be a JV with someone else.
Palmer944 you previously suggested Deutsche Rohstoff or EOG resources .
A tight financial squeeze - Yes , but solvable and apparently all in hand.
Hence no immediate concern about the current SP.
( No placing , that's just FUD )

Arthur is the Messiah , he knows what he's doing.
6p - Life changing opportunity
Pathetic negative influencers just here to spread FUD