Member Info for Danielm89

Sorry yes, been a long day :D

The comparison was to quell noise that resources aren’t valued until they are reserves. As PANR have no reserves only resources I think we stopped that in its tracks.

Here’s a comparison for comparison sake:

Panr the non producer in the middle of Alaska with a 23b barrel find mcap 900m, scale that down by 10% 2.3b 90m mcap.

Copl producer, Wyoming, light crude companies low ball estimate 1.5-1.9b 40m mcap

Brilliant hahaha, your my kind of person coplholder. Give us one of your positive insights into copl avoid your eyes though.

Iv enjoyed dipping my balls in lse, but my eyeball gonorrhoea is getting quite bad.

Coplholder stay classy you son of a … your a very informative poster when your not attacking or deramping.

Try that one twitter again

I’ll post it on twitter for 4 hours search #copl

RBL is gold standard because it’s provided by a bank rather than a credit lender or consortium of people. Clear terms you can borrow x at y percentage of interest, minimal hidden terms.

It’s not the need for positivity it’s the need to take responsibility for your losses and stop blaming Art, COPL, Cathy, shaa, DJH ….. most of us bought in 30p + chasing dreams it didn’t turn out that way so who to blame? Yourself…

This is an unbelievable price to enter at a much better time (in the timeline of building this company) nobody can deny that. But reading this board gives your eyeballs gonorrhoea, any new investor reading here is struggling to get a true reflection of the company.

Trujack I get you I really do but it’s like DJH said we don’t know what goes on behind closed doors. The reality is a “new business” (COPLs Atomic) with high running costs, loss earner with high investment for growth was never going to get Gold standard financing so his options are sub prime lending, placings or what we’ve got in the form of the “lead investor”.

The lead investor route is obviously the most flexible to get the Gold standard financing so that’s what they went with. Non of us can claim to know how to run a multi million pound public OG company. So your left with 3 options:

Sell at a loss and find a unicorn in the form of a high risk investment that doesn’t need placings and will only go up.

Double down by getting behind the company.

Top draw it and hope it’s better in the future.

Do I believe COPL will return what I anticipate? Definitely the field has a 40 year + life with a potential over 1billion barrel find. This can’t be ignored and won’t when we have gold standard financing and earn a profit. It’s easy to blame art for losses, I personally blame myself because it was my decision to invest. Obviously I’m not happy at being 20% down but I fully believe this will come good.

That’s why I assumed both, they are tied but are separate I believe, look at 88e it defies the laws of physics that one.

It’s not about “letting them off the hook” it’s about understanding that OG is an expensive and complex game. 18month is not a lot of time for a new business.

Performance of the company or the share price? I’ll assume both

Suspension lasting a few lifetimes. Our own blind ignorance PATH and CRTM have been suspended for a lot longer (I genuinely thought it’ll only be a month)

Hadron dumping

5000 bopd by 2022. At that time when evaluating the field that’s what number came back. Then a realisation that the infrastructure couldn’t keep up and needed upgrades happened.

No placings planned. Then CUDA bankruptcy happened quick, with proof of funds needed asap. Staying on placings the credit lender has strict rules including how much money has to be on accounts or penalties.

Technical default

Random new loan provider

Supply issues and sage grouse

It’s not been easy holding here but we’ve had plenty of opportunities to leave, is art to blame for all of the above? He definitely doesn’t help himself at times, but I fully trust and believe COPL will become a serious company with mammoth potential.

Typo diluted 100% meaning they’ve doubled their share count before I’m jumped on.

Everyone (including myself at times), is quick to blame Art and COPL for the placings and the fact most of us are down on our investment. But is he really to blame?

An explorer turned producer in the oil and gas industry has to use dilution to fund activities. Shock, horror. Everywhere you turn there’s OG companies using placings as a means to an end. I3E diluted over 100% to get to where they are now PANR even more.

People need to stop blaming other people for there losses and shoulder some blame themselves. It’s a high risk play, stop moaning and either get behind the project or take a hit.

:D Full body condom and consulted my doctor first hahaha

The new debt is the exact same model PANR use, if it’s good enough for a near 1 billion mcap company it’s good enough for me.

No placings for 90 days.

Fully funded.

Upgrades complete or nearly there with more to come.

Any new bopd unhedged.

RBL??

Come on COPL let’s have ya you beauty.

It’s just a shame it was sprung on us, that’s what caused the meltdown imo.

It would even shelve the 24p warrants? As converting a warrant is “equity issuance”.

Definitely not, it’s much more favourable than the bride loan and is very flexible in its design.

It would be a nice touch to have a few words from the “lead investor”.

It’s massive if warrants can’t be converted during the 90 days. Any rise will only be sold into by us.

Does this:

“The Company has also agreed to a moratorium on equity issuances for 90 days from the Issue Date”

Lock out the 24p warrants?

Claiming a warrant would be equity issuance so gut says yes.

Iv emailed to ask but to no avail.

It’s took me 18 month but I finally got the tilburn seal of approval.

It’s not bad this deal this everyone, your not angry at the deal, your angry at the drop.

He should have made us aware of the new loan before just dropping it on us imo.

The more you “prove up” the more you can lend from the RBL. It’s going to be a cycle of:

New lender provides funds to drill

We drill and increase reserves

RBL provides money to pay back the lender

It’ll reach a boiling point we’re there’s just barrels of oil everywhere.

End goal? Getting bought out IMO this is going to be epic.