Member Info for Eazy

Just had a look…hmmm overall increase but Art needs to explain a few things.

We could see a monster rise next month once financials are out the way imo…the positive catalysts are stacking up with everyday that passes :)

No sellers… one way traffic :)

NT to buy below 10,000 shares… looks like the MM’s have run out of confetti atm ;)

RNS tomorrow and another one on Monday if they follow the same procedure as last year.

Altag is that you? ;)

E&Y holds the power to that… We’ll find out tomorrow after close.

Prospectus 1st February -

“As at the date of this Prospectus, the Group has an immediate working capital shortfall. The Group will be required to obtain additional financing of approximately $15.7 million in order to have sufficient working capital for the period beyond the next 12 months from the date of this Prospectus.”

$15.7m / 12 = $1.31m per month

Funding RNS 27th March -

“COPL Announces Closing of US$14.8 million Convertible Bond Financing”

Excluding February 2023;

$14.8m will last over 11 months(including march 2023) with a $1.31m monthly deduction which will take COPL past February 1st 2024

The above excludes the extra $7m available to draw if needed.

The above should satisfy requirements from E&Y to not have the going concern statement on the financial report imo.

I wonder if COPL have managed to get the CC 4-27 well online? Hmmm so much news due on multiple fronts :)

This won’t go anywhere until financials are released…no reason for it go up with a few days left as some will be leaving in anticipation of a drop imo.

After Monday close we’ll see what the market thinks.

Bolton you must’ve missed the below…lol

“A full operating update will be published at the end of March along with the publication of the Company's Annual Financial Statements and Management Discussion and Analysis and Annual Information Form.”

“A full operating update will be published at the end of March along with the publication of the Company's Annual Financial Statements and Management Discussion and Analysis and Annual Information Form.”

The above will probably be released after hours on Friday, after the Canadian market closes so it’ll be a busy weekend on here :)

Nice new heading by mr. repetitive ;)

The below is a snippet of what he is referring to which is a summary of Anavio’s total holding(on a fully converted basis) after the recent financing which funds COPL until 2024…

“On March 24, 2023, pursuant to a purchase agreement dated March 19, 2023…”

“Following the acquisition of the New Bonds, Anavio owned 59 units of 2027 Bonds, convertible on their terms into 144,430,820 Shares and 79 units of 2028 Bonds, convertible on their terms into 193,390,420 Shares, representing, in the aggregate, approximately 43.0% of the issued and outstanding Shares, calculated on a fully-diluted basis. Following the acquisition of the New Warrants, Anavio owned 104,608,558 common share purchase warrants, representing approximately 13.3% of the issued and outstanding Shares, calculated on a fully-diluted basis.”

https://www.sedar.com/GetFile.do?lang=EN&docClass=4&issuerNo=00021327&issuerType=03&projectNo=03508841&docId=5384202

Clear agenda at play here imo… has the cornerstone lead bondholder given ANY indication full conversion will be taking place imminently? Hmmmm ;)

Happy to be corrected if incorrect :)

Still going… nearly 5% up

It was in the 20th march RNS along with the many hints if it weren’t clear enough that the RBL and JV are in VERY final stages :)

“…while allowing management to optimally conclude their RBL and JV negotiations.”

“The aforementioned changes improve COPL's capital structure profile benefiting current RBL negotiations”

“...on the back of this Convertible Financing while it continues its debt refinancing and joint venture discussions for the development of its Wyoming assets”

“...these measures increase COPL's working capital and afford COPL a solid footing ensuring the best possible outcomes be negotiated for refinancing and joint venture.”

“These reductions facilitate a more efficient cost base, without sacrificing the strategic and operational aspirations of the business, enabling management to conclude JV/RBL negotiations to the best possible outcome.”

"This is an important raise for COPL. After some bumpy months operationally, and in our refinancing negotiations, this raise supports the company to an intended RBL and for the capital investment required to achieve a material production uplift. We appreciate the support of our leading investors and are excited about the deployment of this capital."

Oil going for it today… up 3%

Just a reminder of the progression of JV talks up to now via RNS…last time I promise ;)

4th Oct -

“COPL has been approached by a large recognised oil company regarding a JV to delineate and develop the discovery, with discussions continuing.”(From presentation)

1st Nov -

“Due diligence is being conducted by a large oil company with respect to a possible Joint Venture on the Company's deep oil discovery.”

15th Nov -

“Due diligence and discussions continue with respect to a possible Joint Venture on the Company's deep oil discovery by a large oil company which approached COPL's COPL America Inc affiliate. The Company will provide an update at the appropriate time. The Company is encouraged by the progress to date.”

21st Dec -

“As previously disclosed, COPL was approached late in the third quarter by a large oil company ("JV Party") inquiring if the Company was interested in a Joint Venture partner to appraise and develop its Barron Flats Deep oil discovery announced in September 2021. The Company is bound by a non-disclosure agreement ("NDA") with the JV Party and as such is limited in its ability to disclose their identity and the nature of the discussions to date until after an agreement is entered.

The JV Party conducted technical due diligence on the Company's interpretation and technical information of its deep oil discovery which was presented as a significant extension to the Frontier and Dakota oil accumulation at its 100% working interest operated Cole Creek oil field. As common in industry the JV Party would also conduct their own internal evaluation, which we believe has been completed.

In early November, the Company presented its outline of a joint venture to the JV Party for discussion. COPL understands the concept is moving through their internal processes as the Company has been asked for additional time for the JV Party to present a potential way forward. COPL has agreed to this request and has been recently advised that a potential way forward will be presented by the JV Party in early January 2023.”

23rd Jan -

No RNS about the JV but Art confirmed the JV party requested and was sent the data of the successful frontier 1 completion(Which confirmed the JV party had got back to him in January but talks still ongoing)

1st Feb -

“The Company confirms that it is actively negotiating terms for a joint venture for the long-term development of its Wyoming assets. The Company plans to announce the detailed terms as soon as they are agreed.”

20th Mar -

“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.”

The wording seems to be changing with every update ;)

Fully funded until 2024… That’s all that matters.

No ramp… we WILL open at 5.625 on open :D

Looks like we’re opening up at 5.625p :)

Keep your eyes on the prize!

COPL has huge support from institutional investors…I wonder why ;D