Member Info for Isthisawinner

So a few grands worth of share are converted and you think the company should multi bag.....I think its more like they're cashing out before the fundraising.....let's face it, they have no monies atm

Just a pump to draw in suckers..

Did they have to give back their research money...lol

Share price is taking a tumble...

Anybody know where the money for this is coming from as they dont seem to have very much atm ?, are we looking at a fundraising soon ?.

Is its April 1st today...lol

Still got a lot higher to go though, thats my view anyway...gla

Before the next news and next leg up ?

Who knows what they are up to, they've increased their holding by 2% in the last few months and sold .5% today....

For the sp today, hoping for a few more in the coming days/weeks....our valuation is too cheap for our connections, projects and cash balance to those across the pond ....gla

The sp was higher four weeks ago before the crazy fall/shorting....

Have as much cash if not more, than our present valuation atm !!!

Boom...well, we know why this was shorted now....those in the know always get the cream

Must be be rolling around laughing at the mess here, they had a lucky escape when they wee forced out.

Not to use to increase oil production as you would think with an oil company, but to keep the company afloat to allow the bond holders more time to bail....just my view as always.

London, United Kingdom; Calgary, Canada: December 29, 2023 – Canadian Overseas Petroleum Limited and its affiliates (“COPL” or the “Company”) (XOP: CSE) (COPL: LSE), an international oil and gas exploration, production and development company with production and development operations focused in Converse and Natrona Counties, Wyoming, USA, announces (the "Announcement") (i) US$2.5 million of committed common share financing and certain amendments to the outstanding Bonds (as defined below) of the Company, as described herein (collectively, the "Financing") (ii) the execution of a Forbearance Agreement with its senior lender and (iii) the appointment of a Chief Restructuring Officer.

Other terms of the Financing include:

Completion of the Financing is expected by January 15, 2024 and is intended to be used for working capital purposes.

1,312,232,633 common shares (the "New Shares") are to be purchased at a price (the "Subscription Price") of GBP 0.0015 by Anavio Capital Partners LLP or an entity or entities associated by it (the "Purchaser").

The Company will grant the Purchaser warrants equal to at least 100% of the number of New Shares, with each warrant entitling the holder to purchase a Common Share at the Subscription Price, expiring 26 August 2028.

The conversion price of the Bonds will be amended to the Subscription Price per conversion share. The maturity date of the 2027 Bonds (as defined herein) will be extended to 26 January 2028, and the maturity date of the 2028 Bonds (as defined herein) will be extended to 26 January 2029.

The commencement date for any exercise by the Company of its parity call option under each of the Bonds will be extended to 1 January 2025.

The exercise price of the existing warrants will be amended to the Subscription Price, and the expiration date will be extended to 26 August 2028.

The Company will appoint one additional independent non-executive director to be nominated by the Purchaser by no later than 31 March 2024.

Be careful...heard there is a placing been sold.

If if the £1mill did turn up, can you imagine trying to get the rest of the money in the deal......this share should have been put to sleep along time ago....yhe bod are just .....ers.

Always looking after the shareholders......the man is a waste of space..

If anyone did a tiny bit of research, they would have saw this company was going nowhere only down...

Lol....everyone head for the lifeboats...she's going under