JV7 Mar 2023 20:39
Right then.
I'm invested before you start.
The last time the JV was mentioned in an RNS was on 21st December 2022.
"Joint Venture Update
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."
If you are reading this Art or anybody else from the company then as a shareholder I want to know the following:
- I've followed 4D Bio's recent demise and the shareholders there were told many untruths before it eventually went under. There are others. Therefore I'm asking, is the above statement true?
- if true then why are you and your PR team not jumping up and down about it, whilst allowing the SP to slowing slide like it has?
- why have we had no update since the statement made "......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".?
- the most important question. Will you communicate with your shareholders like a proper CEO should be doing? Uncertainty kills the SP and attracts the green boxes.
- for the love of God, will you make your daughter the head of comms because you are acting as if you or your pals have got a 'short' open.
Good night all.
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