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MM desperate now on the Spread.

Completely agree with Unnd.

SP breaking out now..

One (I) could foresee the following (Routine) conversation between FCA and Anavio following any multiple SP rise in Copl SP following increase in Equity share holding.

“Your Shareholding increased less than 6 month after SP multiple increase”.

“Yes, we injected a reasonable $3.5m cash in return for Equity and to protect Shareholders we ensured we paid Full Ask. The Company had suffered period of Going Concern (We were not party to decision making then re Risk) from Feb 2023. Upon taking control we assessed Risk and given that recent infrastructure Testing was incomplete and Winter approaching / we felt negating that Risk was essential”.

FCA “Ok good work, bye”.

They may do now Stas but early on it was 18 month payback. I sold out 24p and obvs lost interest but I was there watching in the 50p days and learned such a lot of the mechanics of the SP. All the antics from the BOD. I’ve wrote about it all on here at length / hence I waited until low SP here. Hence I never subscribe to multibag and parked my prediction firmly under 5p from the 2p Christmas. I do not expect JV until next year. However, the sooner the better. Anavio do not want to run an Oil Company. This is why I say “Entities” most likely than not behind Anavio. Anavio are the Finance Vehicle. Agree with you re the New Director 1 Nov. We await tightening of the screw..

I get the feeling Art was back of que re engaging drilling companies / no money etc. I’m thinking that is now changing and first evidence of this was GGS on time under budget. Does anyone think Art achieved this via his own skill set and capabilities / ‘cos I certainly do not.

The Senior lender relaxing hedge from 23 Sep into new year must also be party to the plan re next 2 years. Funnily enough Finance Terms end 2025 and you often find potential starts moving nearer the end v beginning of Finance. Hence Copl parked up until 2yr countdown comes into play. All part of a plan I believe that we PI are not party to. Imo.

Stas. From memory i3 also only purchased an oil pay with 7-10yrs life in it. Production on a constant decline / hence they have to invest in drilling to compensate existing wells. Each Well was 18 month payback nevertheless. Here we have 40 years although it never seems to come out as yet !!

Great News this.

Finwit trying to make friends again. On it today.

Yes Stas. I believe it quite conceivable that a syndicate got in at 2p or below (individuals 2.99%) and have now obtained another 10% but via Anavio at 4p. Is this far fetched ? I would suggest that if anyone wanted say a 10% Share in Copl at Todays prices 3p / then they’d have to pay perhaps more than 4p as less Shares on Market and limited availability at 3p. Imagine an Investment Institution going to Market and asking for 70million Shares. Ok here you go we will let you have them all at 3p. Errr Nope. Not re 10%.

Stas. Have you been on the gas ?

I don’t understand you Stas ? Are you inferring I’m suggesting Anavio got in here on the cheap ? I’ve said complete the opposite. Refer to the second sentence in my Post 18:16 “Anavio have done things right” re 4p Agreed price.

It’s not gone through yet. Anavio nevertheless have seemingly done things right and paid 4p a Share in exchange for $3.5m. That money delivered straight to Copl balance sheet. That’s about £2.82m. Since then SP dipped on various entities most likely Shorting.

You’ll see the TR-1 soon enough.

It goes a bit deeper than that because Anavio are only the middle men. I fancy there are persons funding Anavio (I am not party but suspect it’s fairly easy to do) in a syndicate to gain control. Perhaps someone on here could explain how it could be done.

Either way they have access to the Share Register now and so are in firm control.

Very naughty of you that Stas. You well know Anavio are bagging 10% here.

RNS 6 Sep.

Anavio have paid just $3.5m so less than £3m for a 10% Stake in an already Oil producing Company. Just let that sink in.

Eazy is such a tease..

I don’t think he really cares either way Stas. He’s a multi millionaire.

By the way / Is anyone watching Trades on Canada XOP ? Could the large Sells on FTSE be canny connected Investors replacing that Sell with a Buy on XOP ??

For weeks now XOP has led FTSE on Copl valuation / only for FTSE to now be in balance again on a SP low of 3p. It’s 6 CAD over there. XOP has led the gains last few weeks I noticed.

Dunno ? One acts like a wave for the other.

Unfortunately Ashwaldo I do not trust you in the slightest. So no change to the JV Charity terms. I do trust Eazy for my sins.