Member Info for greendave66

Its not often you see figures like that in a company with potential. I know the ICO is not guaranteed but it is a potential. Maybe we need it firming up with an RNS with more details?

Agreed.....a lot of info early in the morning.... but with so many changes internally with regards to licenses etc we can’t be sure there will be movement until everything sorted but you never know.....pi s get bored and a few more months (or more) could send them running for the hills!!

Looks like no placing needed but no time scales so switch off as it could be months yet. Also no clarification on whether the license can be issued now or after June once the oil bill is passed. Best case scenario is June for the bill but it could be longer....

Still big deals happening in the coal sector - Rio sells one of latest coal assets in Australia for $200 million. http://www.mining.com/rio-sells-one-latest-coal-asset-australia-200-million/ ....come on RLH we have waited a long long time for news on a re-list....

Not been there for a while!!! Wait until we get the license and then we will be top of the board!!

What tweets from the BOD?

Is a clear example of what happens when shareholders revolt so I won’t be getting involved in any type of action like this as this will destroy the company before it has had chance to get going!! This is a 10 bagger if and when we get this license so just tell us!!!

A new CEO cannot change the fact if we cannot get the license until the new law has been passed. We just need communication on this very important fact! People are selling due to the lack of news of this point which will mean a lower placing price in the future anyway. At least if he says we cannot get the license until the law passes people can sell if they want and then the price will recover as people get in at these ridiculous low prices. If we get the license I truely believe this will 10 bag to 5p within 6 months. You only need to compare our mcap to peers to see how low we are priced and how far along we are with the journey as the oil is ready to be drilled and pumped and sold!! Just bloody tell us so we can move forward as we could we waiting until at least June (best case scenario) if we need the law if we don’t the the news could drop any day and people are more likely to hold or buy more. I’m reluctant to average down until I know about this!!!

Why doesn’t COPL just issue a statement to state whether we are subject to the new law or not. Then Investors can make an informed decision!

When price is low and expected to rise?

After the pump yesterday. That’s a huge suprise.....not...personally I’m waiting to see if the bod gets ousted as it could drag on for a while meaning the chance of a placing increases as the lights need keeping on....there is a huge potential prize if this gets sorted but time will tell so in the meantime keep your eyes peeled for developments!!

That’s a lot for this type of company and no revenue from the RINS yet?

Who got spiked on that? EGM not even called yet and relevant persons removed never mind what the new person can or cannot do. Settle down people......

Have a look at @nigeriaNRC "One of the key challenges of the PIB is the level of uncertainty it has created in the system. From our findings @nigeriaeiti, the country has lost over $200b due to this uncertainty. The PIGB took 14 years to pass, how many years will it take to pass others"? The PIGB will be passed and signed into law by the end of June this year. "With the PIGB, it is no longer going to be business as usual. We wont have situations where the Minister will influence decisions via a simple memo. We have reduced the powers of the Minister and handed them over to the regulators"

When he hear news. I definitely think they are waiting for this oil bill to pass Parliament at the end of the month but most likely to be in April. Worst case is that the bill gets delayed in being passed to later this year. If the bills gets passed in the next month its game on. If it doesnt get passed then its a further placing to keep the lights on. Im really not sure what staff are doing at the moment at COPL as there isnt anything to do but I might be wrong! They are probably working from home as thats what I call it when I disappear doing something else but I cant disappear for months! I am a holder and I have started to think on COPL and other shares what exactly staff are doing while waiting for a license, exploration etc etc

Point taken but surely there is a freeze on any oil related business being progressed until this bill is passed even though it is not directly related? There may be parts of the bill that relate to permits we are waiting for? I have spent time in Sierra Leone and this is my guess of what is happening knowing more than most about African government decision making!

Due to be signed by end of March but no guarantees it will be the end of March or how long it will take after the signing. The bill includes the following: The PIGB would create four new entities whose powers would include the ability to conduct bid rounds, award exploration licences and make recommendations to the oil minister on upstream licences.....in other words we are getting nothing until this bill is signed off and then filters down to the Minister to issue what we need. It will be months until we get what we need and closer to another placing!!!!

Until news? Who says that? I don’t want to be waiting another 2 months for sure!

Why would they agree to this type of finance? The contracts and money involved for MOUs future contracts are tens of millions and a fantastic ratio to the current mcap...if something doesnt look right it usually isnt. A statement from the company would be useful to this effect or a signed contract or update on Chinese finance. Until then im watchning the slow death......companies should have to explain these decisions. Its ok the company making these finance decisions as they are looking at 5-10 years plan in which case the finance now is of no relevance. If PIs are expected to keep there money tied up for anything like long term we should be given the chance to decide whether thats what we want to do rather than suck us in and spit us out

Ok PIs......why has EQT taken this finance option when they have so much potential in the pipeline and they must have known about these MOUs this week? The finance RNS has destroyed shareholder value at this stage. Could the Chinese finance pay off the existing finance or is this going to be on top? Very confusing for me and hence I was about to buy in last week but luckily never did and unless I get a grip of these finance arrangements ill be leaving it a bit longer..... why oh why