Member Info for Groover

Thxs Nount

I obviously had the map upside down but I was speed reading yesterday as the wife was nagging ARE YOU READY YET!!

I think vast majority of peeps can recognise a vindictive, factless article when they read one.

Typical gutter press from the Mail as usual.

Hate them and had my own run in with them years ago. They haven't changed a bit

That said little surprised by the sp drop this morning. Normal for RNS etc but that was bigger than I thought

And Indeed it was.

I put a stop loss on just in case and also due to issues with China off the coast with Vietnam trying their luck arou8nd an oil field in their disputed waters. Vietnam caved in a few years ago so risk is there but I think we're to close to shore in relative terms for the Chinese to target our fields. We're also way south than some of the fields previously hassled

Utter Madness selling at this price, unless you got in at 3 or 4!

Pls let a thousand camel flies crawl up our former Presidents backside as recompense for his ridiculous behaviour and for the sp to hit 80p by Chirstmas morning.

Oh and while ur at it, can we have some snow as well!!

Cheers Dunc

Was aware of 226 as many are hence not going over old news.

Questions remain further now if you're saying parent company in trouble. Sold for billions and in the hole again?

Are you saying the Nigeria project is clear of any of the debt.

Finally where are your percentages from. Pulled mine from copl financials but have they changed thier positions more recently,

Appreciate the feedback and thxs again. I'll dig abit more then

The lunatic in the Oval office has been outmanouvered again lol

https://www.independent.co.uk/news/world/middle-east/iran-adrian-darya-oil-tanker-sale-us-turkey-middle-east-a9078906.html?amp

Couple of urls didn't attach. Here it is again in full...…..

Okay then guys - if that still stands then I am struggling to understand why I can find no mention of Shorecan or COPL on Essar website and furthermore, given this latest discovery, I trust we (COPL) will be getting a slice of the cake once this starts operating.

https://www.essar.com/essar-exploration-production-ltd-and-eni-find-gas-and-condensate-in-exploration-block-114-song-hong-basin-offshore-vietnam/

If Shorecan owns the majority (share capital) of Essar Exploration and Production Limited (80% ) and in turn COPL owns 50% of Shorecan then some of the revenue should be coming COPL's way and thus reflected in the sp/overall revenue - in due course? I cannot find Essar business being so compartmentalised; i.e. Essar Exploration and Production Limited - Vietnam, Essar Exploration and Production Limited - Nigeria etc so can only assume its one of the same that COPL are already in and yet, no trace of copl.

I've even looked at the other companies listed on their annual reports in Bermuda, Canadian Overseas Petroleum (Bermuda Holdings) Limited. Registration No 45375. All I've found so far are the names and residential addresses of the company officers. No business premises found so far so I would imagine its purely been set up for tax 'benefits'. Given all of Art's dilution I would be a bit p**sed to ever discover the account is full to the brim of money but no chance of seeing that bank balance that's for sure.

Just to throw another spanner in the works re majority holdings of Shorecan/COPL - Essar was sold for 12.9 Billion to Rosneft and Trafigura-UCP Consortium in August 2017, some 11 months after Shorecan bought into the company. Again I have to question if Shorecan, and by default COPL, saw some of that money given its holding of 80% & 50% respectively?

http://www.canoverseas.com/exploration-properties/

Essar Sale - https://www.essar.com/essar-energy-oil-bidco-successfully-conclude-sale-essar-oil-limited-rosneft-trafigura-ucp-consortium-us12-9-billion/

Okay then guys - if that still stands then I am struggling to understand why I can find no mention of Shorecan or COPL on Essar website and furthermore, given this latest discovery, I trust we (COPL) will be getting a slice of the cake once this starts operating.

If Shorecan owns the majority (share capital) of Essar Exploration and Production Limited (80% ) and in turn COPL owns 50% of Shorecan then some of the revenue should be coming COPL's way and thus reflected in the sp/overall revenue - in due course? I cannot find Essar business being so compartmentalised; i.e. Essar Exploration and Production Limited - Vietnam, Essar Exploration and Production Limited - Nigeria etc so can only assume its one of the same that COPL are already in and yet, no trace of copl.

I've even looked at the other companies listed on their annual reports in Bermuda, Canadian Overseas Petroleum (Bermuda Holdings) Limited. Registration No 45375. All I've found so far are the names and residential addresses of the company officers. No business premises found so far so I would imagine its purely been set up for tax 'benefits'. Given all of Art's dilution I would be a bit p**sed to ever discover the account is full to the brim of money but no chance of seeing that bank balance that's for sure.

Just to throw another spanner in the works re majority holdings of Shorecan/COPL - Essar was sold for 12.9 Billion to Rosneft and Trafigura-UCP Consortium in August 2017, some 11 months after Shorecan bought into the company. Again I have to question if Shorecan, and by default COPL, saw some of that money given its holding of 80% & 50% respectively? http://www.canoverseas.com/exploration-properties/

Essar Sale - https://www.essar.com/essar-energy-oil-bidco-successfully-conclude-sale-essar-oil-limited-rosneft-trafigura-ucp-consortium-us12-9-billion/

I should word that better …….

Does this acquisition ( Essar Exploration and Production Limited - Nigeria) still stand? I.E. COPL still holds a 50% stake in Shorecan which itself owns an 80% stake in Essar?

Does this acquisition ( Essar Exploration and Production Limited - Nigeria) still stand? I.E. COPL still holds an 80% stake?

On September 14, 2016, COPL announced that ShoreCan had completed the acquisition of 80% of the share capital of Essar Exploration and Production Limited (Nigeria) (“Essar Nigeria”).

I know COPL only holds 50% stake itself in Shorecan before someone tells me

Yup had already found it and going through it today

Last two times I've tried to read the report; some months ago, on the website it wouldn't open. Since got wrapped up with other things at work

I hope they put fresh tyres on the SP soon. This thing needs to get back to where it was before the postponement and then that will trigger some rush buyers as it does so. I doubt it will ever drop to this price again now.

Last chance saloon.

Im writing this with no money to top up as well - FFS - LARGE!!!

Papillion

So is this likely to have a negative affect on sp even more/

Wheelo I would imagine CAD but to be sure - Sub where did you see this figure and what was the currency?

Good article

https://www.malcysblog.com/2019/08/oil-price-jog-premier-sdx-getech-falcon-and-finally/

Court has just ordered request to see his offshore accounts and tax papers LEGAL.

He's appealed and now its gone to the appeal court - which is propped up by his mates, including one you ALLEGEDLY raped a student doctor years ago? But hey - that is clearly okay then??? SHAMEFUL COUNTRY THESE DAYS

Finally.................

You will need to keep copies of all your research and any results for the sake of transparency for all; good or bad news. Worthless exercise otherwise if you can't connect the dots, each and every dot at that.

Sub -

You will need to find averages for office rent in that area per sqft, if its serviced or unserviced and the floor its on. Different rent values dependent on floor.

Find number of staff employed there as well or certainly advertised. The most commonly accepted rule in London is 100 sq.ft. per employee.

City's planning dept should have building sizes otherwise check out the likes of Savills, CBRE (worked for them for a while) and other big agents working in the city advertising offices for rent. That will help you find the average for that street/area and may also find other like for like floors in the same building? Likewise City Hall would have details of the landlord, buildings owners. You can then check their equivalent of Land Registry & Companies House although you may have to pay a small fee for that.

Possibly COPL business rates were rolled up into that figure and if business rates are as high as UK then I can see the bill being high. Given AM benefit of the doubt here.