Member Info for Isthisawinner

Surely we must be due one soon, I think one of the last ones was where he clapped himself on the back at how they hit all there targets for the year. Wonder what this year's target is....convert all the bonds before it goes bust ?...gla

Ps...if a deal is made, it will only benefit the debt holders and any shareholder value will be wiped out...just my view..gla

Charlie......your missing the facts...
Cuda was purchased with debt....Bonds
Atom was mostly purchased with debt....SBL
FD = 1 billion barrels.....problem is its in ground and may not want to come out, just look at Copl's efforts trying to get oil out atm.
Pipe line infrastructure......as has been reported several times, its not adequate and needs upgrading.

Finally.....the simple truth is
Copl have so much debt which carries a high interest rate, they have not got enough money coming in to cover the interest payments on their debt and any defaults cost even more financial penalties. On top of sll of that, the need funds to carry out upgrades, workovers drilling ect.....who will lend them this money atm ???

Personally, I see the debt holders doing a deal with Continental to purchase Copl

But I told you this was ****ed and for that, I was get abuse... sorry for those who got caught

Nice ones too...

Let's see the ££££ in this eventful 2023...gla

Oil.....but we that was only a dream of Art's

For our tech and potential ...gla

Yep, sounds goods but waiting on the big news..gla

Seems you were spot on..gla

Start to get excited when we are above 10...gla

Might inject some life into the sp..gla

We're back, let's see what 2023 has in store for us..gla

Nice positive update...

Should be at least 3 when all the bonds are converted and flogged to the unsuspecting pi's....bring it on

Im new to this company, you all seem so positive, which major do you think is lining up to pay for all the new wells, Copl seem to be keeping things close to the chest, do you reckon we will get another partnering deal re the Co2 capture, who needs a new RBL, can see us clearing our bank lending by June with the new wells ect.....no wonder, the bond holders are holding tight to the bonds. Blue all next week I think...

Take away the interest on the senior loan followed by the 13 %interest on the £24 million bonds....should just leave enough to keep the the lights on..and with the additional costs to cover the ongoing waxing issues....let's just say, they'll be lucky to keep one light on...gla

Cornerstone investors buying time so they can liquidate the rest of their holding.

So there you have it, more borrowing to keep the lights on and bonds set at 13.25
From here on in, you'll be buying the bonds off their holders at inflated prices..

Ceras Roura S.A.
Could be wrong though.