Hoping with performance news sp will head to half a penny or 400%.
The Company's Nigerian Affiliate has accepted a term sheet from a recognized Nigerian Bank for the provision of a US$7 million Performance Bond which will meet the principal condition of the 24-month extension of Phase 1 of the OPL 226 PSC which runs until October 2020. Security for the Performance Bond will be provided by COPL's affiliate ShoreCan. The Company expects the Performance Bond to be in place to the satisfaction of the regulatory authorities in the coming weeks, at which point activities on OPL 226 can be commenced in earnest.
slowlyslowly Posts: 249 Opinion: No Opinion Price: 0.0375 RE: Dropping nowToday 15:40It says it's gone up because the share has gone ex-open-offer. Like when a share goes ex dividend, the fact you no longer qualify makes your shares worth less. So you need to adjust yesterday's close to get a proper reference point for today. In this case 0.0565 becomes 0.0345.
“Launch into fun bit” CEO29 Apr 2019 13:17
11:27 02 Apr 2019
Arthur Millholland, chief executive of Canadian Overseas Petroleum Limited (LON:COPL) tells Proactive London how his team's sheer hard work and patience over the last two years in Nigeria has now brought his company to a point where substantial progress is imminent. Millholland, whose experience in the UK North Sea means he's more than excited about the company's exploration finally leading to oil production, tells Proactive about a new jack rig he's managed to line up for the asset offshore west Africa.
Updates for investors here too on the company's numerous discovery wells and the data they'll be working with along with the telling comment that COP are now just about to launch into 'the fun bit'.
https://www.proactiveinvestors.co.uk/companies/stocktube/12821/canadian-overseas-petroleum-now-poised-for-production-in-the-niger-delta-12821.html
· The Company's Nigerian Affiliate has accepted a term sheet from a recognized Nigerian Bank for the provision of a US$7 million Performance Bond which will meet the principal condition of the 24-month extension of Phase 1 of the OPL 226 PSC which runs until October 2020. Security for the Performance Bond will be provided by COPL's affiliate ShoreCan. The Company expects the Performance Bond to be in place to the satisfaction of the regulatory authorities in the coming weeks, at which point activities on OPL 226 can be commenced in earnest.
He said:
Only reason sp dropped in February was because there was an unfounded rumour that all oil assets were to be seized by the new government in Nigeria!
So back to +0.35p
Performance Bond imminent then back to year high 0.86p