Member Info for Charlie1984

Afternoon,

I have been watching the share and the SP since back in February.

I First had the SP recorded in my excel spread sheet at 5.55p, on checking 4 weeks later on the 24 March the SP had jumped considerably to 428.00.

Having tried to find a reasoning for this increase I am unable to get a defied answer. Can I kindly ask if someone has 5 mins to drop me a reply with an explanation, please.

Nice to see the steady increase to today's SP of 532.50. Think the company has a lot of legs and will go well from here. Would just like a little clarification on my question if someone will be so kind to answer it, it will be much appreciated.

Thank you

Utter bull - really sir and who are you?

Slightly harsh choice of words on what can only be described as a LTH and one that has detailed and informative posts but then again the key board warrior comes out on some sorry soles but never mind …….

Even fully diluted with all dept paid off the assumed worst case scenario (which wont happen) is a quick fire sale will be at least 250m given the current MC this is a huge safety net for all investors with the offer price many multiples of the current SP.

COPL is currently priced by the market to fail but once the news flow starts coming they will need to let this go, that's why it seems crazy to see PIs selling down here and not loading up if they can sit on their hands for a while - GLA

*Missed a few more BIG Positives in my last post but you get the message

Well what we know is the shares haven't been forward sold and the vwap is improving.

They could well have been approached by the Canadian authorities following the +100 complaints they had about market manipulation and shorting the stock. Or they are now holding as they know there is a raft of positive news due and the SP will be multiples in the coming weeks.......

*Oil price nearing $82 - BIG Positive

*LOI on JV news shouldn't be far away (as COPL is registered on the Canadian stock exchange the regulations are much more stronger, you can not issue RNS of such stature without a large certainty it will complete, the harsh regulation come in place after a few oil companied misinforming the markets for their own self gain, even estimated resources are kept to a minimum) - BIG Positive

* HUC of the new equipment was expected to be completed by yesterday - likely see an RNS update in the coming days and with it the increased output schedule forecast on BOPD.

*Sentiment returning and SP has climbed approximately 46% in the last few trading days.

* Update on drilling

The SP is well positioned the MM will likely try the usual drop tree shake to scare a few out then we should push on and start looking at attacking the 3p - 3.1p range GLA

Once oil passed $80 hedges are removed and GCS update due all could be announced this week by the way things are planning out things going to get very interesting - GLA

Canadian Overseas Petroleum Limited (LSE:COPL, CSE:XOP, OTC:VELXF) shares shot up by around 20% in Monday morning's early deals as the AIM-quoted firm advanced a partnering process that promises to trigger the development of its Cole Creek property in Wyoming by signing a letter of intent (LOI).

The LOI starts a period of exclusivity with the potential partner, which is not named in the statement, and follows talks under a non-disclosure agreement since October.

It is expected that the parties will now work on finalising a firm agreement to cement the partnership and bring the project development into action.

"We have been working on this project for some time,” COPL chief executive Arthur Millholland said in a statement. “We first identified the potential at Cole Creek before completion of our Atomic acquisition in March 2021.”

Millholland added: “This LOI is the first step completed in a process initiated in October of last year after the Cuda acquisition. The company that has entered into the LOI with us is the best partner we could have of the ones we have considered.

“Our company brings considerable experience and understanding of Cole Creek, including operating the early stage enriched gas miscible EOR (enhanced oil recovery) project at the neighbouring Barron Flats Shannon Unit.

“This EOR experience can be directly applied to Cole Creek as they have many similar reservoir characteristics. We look forward to updating our stakeholders when able as the process proceeds."

In London, investors cheered the new developments as COPL shares gained 0.33p or 19.35% to change hands at 2.03p each.

Cole Creek currently comprises some 17 previously drilled oil wells, plus potential for further development drilling.

COPL, on its website, highlights “significant upside” potential through redevelopment using horizontal wells.

Prior modelling of the project suggested a forecast production rate in the range of 3,500 to 4,000 barrels per day, which could be elevated through miscible flood operations.

Bond holders have sold at a loss to drive down the SP as they likely where shorting the stock, check the recent RNS lots of holders have reported this to the authorities and company and it can be clearly seen as they where using WAP to their advantage. JV LOI is a massive turning point with the additional kit installed and operational this week further updates on increasing production should land late this or early next week.

Well a piece of string is double the length from the middle to the end.

We know that the interested party have been doing there own work on the property and doing their own calculations as part of the potential JV. So for them to now move forward with a letter of intent I would say things are well under way.

Why all this has been happening a lot of work has been going on. The high pressure pipe line (help from Exxon) which is now completed the additional kit to increase production at site and the majority installed and commissioned the final couple should be in place and set up by the end of this week if not already so BOPD will increase dramatically.

JV partner bring with them mone, expertise and a team to full explore and develop the asset so we should see a lot of new doors opening very quickly and dramatically increase those BOPD figures.

Could there also be cash on the table to buy back the bonds a cheeky buy back down here would go down well Arthur GLA

With the JV intent letter we should see some good volume today and the shorts being closed as they flip there positions to long GLA

Well all the de-rampers where wrong.

Well done holders for believing onwards and upward, things going to get interesting now. JV Letter of intent.

Commissioning and update on the kit due end of this week early next which will see production up and increasing weekly. GLA

1509 - it is obvious the bond holders are taking advantage of the vwap, they are likely shorting the stock and in doing so issuing more shares, selling more and repeating the process each time.

Arthur has previously said that they where looking into the market manipulation some months ago. I can imagine that there are also a number of high profile investors which have also contacted the trading authority in both the UK and Canada, so if investigation are ongoing we would see a halt put on the current cycle and trend.

The only thing that could stop this is a JV and buy back the bonds or in the mean time suspension then open up passed the close with JV news and bonds bought back, then those shorting the stock would then need to close there positions.

Unfortunately the company has no control over the converting and that is what is hurting the SP, its not the company spunking million $ as some posters are alluding to on here.

Ed - what is also another important factor is COPL site team and sub-contractors completing the scope of work on-time also gives us a bigger weather window to work with over the coming quarters (- drilling, commissioning, tie-in etc)

Very positive RNS and excellent detail into the operations

Nathan are you aware of the gas capture and reinjection process of the gas, we are not fleering off (if we are it will be at a minimum or for HSE reasons). And you are also aware of the high pressures of the field which means there is a lot of gas. And as per previous RNSs which states the amount of actual gas that has been injected previously. Don't worry about it not being successful we are miles past that point and have a fully qualified engineering team on the site.

But the reason for the production being where it was was justified by the interruptions of the pipe line, the RNS then goes on to say the pipeline is completed and levels will return to Q4 2022 - Q1 2023 figures. Everything is on-time ,production increasing we cant always have our cake and eat it, we need to understand that there are processes to follow but thankfully with out delay those processes are now bringing everything together nicely - GLA

RCMPMounties - Got to love the de-rampers excellent positive RNS, and they ask for a JV update when the company is likely in the middle of discussion and has a disclosure agreement in place so likely cant disclose anything just yet.

Pipelining at the Company's Barron Flats Shannon Unit ("BFSU") pipeline caused intermittent interruptions in injection volumes and production volumes due to temporary shutdown of certain injection wells and production wells. - Positive

Going forward as works have been completed and injection volumes will be increased - Positive

Construction of the BFSU's $4.5 million high-pressure gas gathering system upgrade is on target for completion this month as previously disclosed - Positive (will be completed this month (coming weeks)

The high-pressure gas gathering pipeline system has been installed, and tested (POSITIVE) and is awaiting the following:

Delivery of the first three of eight high-working pressure wellsite/production separation facilities required for the upgrade is anticipated by week's end, with the balance of the units being delivered over the following two weeks. Six of these units were fabricated in Alberta to specifications for winter operations common in Alberta, Canada which should mitigate the issues experienced at the BFSU during the winter of 2023.

So the first delivery is on time for weeks end - Positive.

Why we are getting them set-up the remaining balance will follow over the next two weeks - Positive

Fabrication has also taken into account the weather conditions so this will reduce harsh winter downtime previously seen - Positive

Well conversions x3 of BFSU following wells to pumping-flowing wells completed - Positive

Downtime significantly reduced going forward - Positive

Optimization of production of the BFSU wells which require paraffin being evaluated - Positive reduction in cost and time

Field operation cost anticipated to be reduced due to the well conversions - Positive

Returning to the peak levels Q4 2022 / Q1 2023 of just over 2000bbls/d a day - Positive

Looks like things are really starting to come together, the company and the team working hard behind the scenes. JV news due anytime and a lot of positives in that RNS which shows the speed and direction the production and company will be going at. Everything on time and everything going to be complete on schedule - GLA

Am I correct in saying that for anyone to try and take copl over they need to first hold a position which would be TR-1 issue to the market. As they increase their interest every 1% over that they need to issue further TR-1 so the market would react and strengthen the SP both on buying pressure and rumour of a take over. I don’t think it’s as easy as coming in with a low ball offer out the blue.

But with gas injected into the ground 3-4x current MC without the oil it’s hard to see other than the selling which has clearly been done with a short position open to leverage the SP down and profit from it.

I also aware of a group of shareholders which between them are holding approximately 22% of the shares in issue in COPL so that’s s large chunk off the table.

Figures and updated due, bopd increased 15% and JV news must be close as talks and due diligence has been ongoing for some time - GLA been a long wait but will be worth it

Yes Art should issue the production figures and hopefully something on progress and where we are at.

It wouldn’t be seen today due to the holidays Monday and Tuesday in Canada, so expect Arts already lined the RNS to land tomorrow at some point to coincide with the market’s reopening over there - GLA

Sold out of prem and everything in COPL now, hence not posting on PREM BB if I am not in I don't chat or posts as its no business of mine if I dont hold