Member Info for dbh1956dbh

So 2,447,980 x 167 = 408,812,685 plus current = 805,229,675 total shares with all bonds converted - you can then add the warrants at some stage. So if company values at $150m then current so would be $0.1862 which is £0.15p. Not unreasonable but in reality it will be a lot higher ie value £600m = £0.60p. Of course the cornerstone investor will not convert until company sold

Accept that all the bonds will be converted, as if they were warrants and base your valuation on that. So

Your attitude is worth nothing more than to be filtered. A TW troll who has not one positive thing to say yet expects us to believe he/she is a shareholder. To those gullible enough to email with their privately address I would strongly suggest you creat new accounts or expect lots of phishing. A reputable person with letters after their name (falls off chair laughing) would never take an amateur stance as this. Filtered

Realistic is a better description

The fact is you could be anybody and those replying to you from their personal email address is naive in the least. You suddenly appear as the disgruntled investor coaxing people to send you info. We are all unhappy with the situation but passing details to an unknown person is not the way to go about things. For all I know you could start phishing them as you have their private email addresses.

How about because it will be selling gas at end of April and next drills to be approved for ho ahead!!

I must admit that I am getting to the point of getting out of here as soon as I break even because of the total disdain the CEO has for the share holders. The assets are great but the continued silence is deafening. I have given him the benefit of the doubt for long enough now but he does not care because he views the company as his own.

Oil 70 to 80 dollars with no hedging at say 1700 bpd as per flaring hearing equals
1700 x 10 x 30 days = $510,000 additional gross cash incoming……not bad really. Work out the 1700 @ 70 for yourselves:-)

Then do not post things that you have no understanding of. Basic stuff really….as at 31 December 2022. Not that difficult to understand is it?

And just for clarity “ As indicated in the "Capital Resources and Liquidity", the Company closed financings comprising of the Bonds issued in July 2022 and December 2022 and a brokered equity placing in April 2022,” .. There is not mention of the March bonds because they are outside this reporting period.

This was at 31 December 2022 year end. This has now been resolved with additional bonds and the company has the funds to complete its short term operations and bring in the money to make it cash positive very soon. Good subtle deramp but unfortunately caught in the headlights. You should not be reading documents you cannot understand or the time schedule they relate to

Bamb,
As far as I am aware baron flats is NOT part of any JV so he can inform us of current production, future planning and real timescales. He has no excuse now. Regarding RBL and JV he can give us a heads up on general progress in a truthful way. He needs to start treating us with respect and provide clear and concise regular updates rather than us scouring around for info, which by the way is great, but it needs to be officially published.

There is not one…just a large investor who has probably got to sell as he has lost with Credit Susse or Tui.

Also worth reminding ourselves of this which demonstrates the commitment of SL
“ 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.”

Ps….cannot see who made comment as filtered but obviously a troll

You are talking rubbish. There is no mention of RBL in today’s RNA and on the 20th it was stated “ ·

The intention of this Convertible Financing is to sufficiently fund COPL for production growth, while allowing management to optimally conclude their RBL and JV negotiations.”

Have a look in your troll dictionary to see what conclude means!!

Personally all the stuff about bonds is here say. £100 to charity if we do not buy any back. Pretty obvious that original bonds moved back to provide the opportunity for buy back. AIMHO

Looks like we are starting to climb the ladder once more ahead of first gas. Hopefully back up 10 rungs of 1p to be ready to start on second floor of 20p plus.

The problem with Trujack is he has sold at a substantial loss and blames am not himself hence his paranoia in trying to get him removed. Time for the bin for him because he cannot allow himself to agree he got it all wrong

Well if we have bopd at 1700 to 1800, as per statement at flaring meeting then there may be no need for any funds as RBL and JV could resolve the issue of future funding if the intention is to move forward fast.