Member Info for leew

fastfood, i am aware of the cash position at the end of sept, then in october they raised £4m so add that on top and that will help your calcs. it’s a **** show today for sure and an example in how not to run a company but to top it off don’t start putting out **** information.

Yes Shouston and was mentioned on here earlier and that is the simple answer, which 9/10 it’s right and the level I assume (shock horror) will be around here and let me guess the share count doubles to give us £2.5m and then the SP rerates back to a market cap of circa £20m so we end the period at around 1p again, which is the new 2p :)

Still when the information from the company is so poor the answers are always guess work.

funding has not run out, the sl terms are breached which no doubt means cash has dropped below £2.5m and instead of waivering it they are not this time. as long as production is still at 1100 then funding is there till the end if qtr 1 but the sl is not budging on their terms this time.

either way is a **** position for copl to reach and no excuses the management have been delinquent and the communicate is a disgrace and it could have an appalling outcome or it might not.

i stayed in and actually grabbed a few more based on the qty of buying and selling at this level. basically won’t be a shock if this is a placing level to dig copl out of the hole

Edgein, I guess the injection rates are chicken and egg and as this position was coming (and was known because how can it not) they may have had to stabilise injection rates based on affordability not performance, but again not having any information or guidance from the company it’s like trying to do a jigsaw puzzle in a blind fold.

Don’t forget the part at the bottom of the RNA could be relevant. I.e short term funding was being arrange before 1st Jan and it became known hence price was being hammered down and got to the stage COPL had to send out the RNA before a funding RNA. Would not be shocked to see a funding RNA and production related RNA this year. Also though as it’s COPl would not be too shocked with its curtains so you pull out or take your place at the table for Russian roulette lol.

Edgein, and it’s not the first time SL and BH has disagreed as I remember 1 RNA that came out basically celebrated the fact they were aligned and working together in the same direction now.

Daniel, who knows but basically the implication is that a placing was in play, others became aware and as such they needed to announce this to cover this aspect so we all become aware.

As I say something still smells but as I mentioned maybe the simple answer is right.

Bonds were unsecured I believe

Wontogo, yes that was part of the RNS, I just feel there is something else but maybe sometimes the simple answer is the right one and we are due 2 more bits of new this year, which are the production information and the next gaffney special, although no doubt the terms of that are being rewritten as we speak!

At this stage it’s a HNWI or the parties agree to move forward for a period of time to support resolution.

Maybe art can reinvest some money he has had out of COPL

I get all the points and they are probably right but so much hinges on the production, if they need to ensure they don’t break the cash level on jan 1 and production is rising then surely this won’t go under it makes zero sense. I maintain something is up but I just don’t know what it is.

busy mum, rubbish of a jvp partner let copl fail to get it cheaper they open the door for others.

it’s a **** sp, it’s **** comms but there is something i am missing in all this and just can’t put my finger on it

DOC, when I went to buy it was NT and had to place an order that got filled about 5 mins later. When people say they can’t buy they mean they can’t get a firm price which is correct, or was when I brought

Denfos, and I have made about 25% up on LGEN in the last few months with better dividends but not sure how that relates to COPL.

I have been in disasters before and from a SP perspective this certainly is that and I nearly drew my last few £ out but there is something not right here and I can’t work out what it is. I know I will be proved wrong but I think the BH, JVP, COPL, and SL have not all agreed on what was wanted / needed and someone has tried to force the hand, now the SL has reacted to that hand forcing.

It’s probably wrong but something is not right and feels like a large game playing out. I see the issue between the BH and SL but reality is with so little information from COPL it’s impossible to work out

Not sure what the f is happening anymore, indicative price only to buy as having a screw loose I have asked for a couple.

They claimed 1100 bopd was ok till qtr 1 end, cash reserves dropped to allow senior lender to say you will

Default so now let’s see what happens

Carmzy, I am still optimistic on what COPL can do, but the focus currently is getting out of the going concern aspect corrected with rising production and my view is let’s get this to a 100m company on safe footing.

I get the valuations on the potential asset but to reach the stage where the asset is actually valued at 25b is a long way off and a lot of money off.

My assumption now, would be if there was 1b OIP, and a buyer confirmed that then they might assume 100m recoverable for purchase discussions and then pay £2-4 per barrel now as it currently sits with no additional work completed. That is still a huge amount compared to COPLs market cap.

Stas, I don’t like what I am about to say but typically NDA’s have a time period closure as opposed to an event driven closure, which might mean it’s still in place. That said there is no excuse for the lack of anything in the RNA the other day and I am as annoyed as anyone on that front.

I agree with your sentiment, but they officially said 2023 so what I want and what they have said are different.

I wanted guidance at the start of Dec to show their plans and what they were dealing with.

If the production news is the last day possible and poor with little detail then I think significant external pressures will hit the individuals involved as significant answers would be needed as to what they have been doing and the exact relationships between the eternal investors, executives, and other parties.