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http://www.lse.co.uk/media/copl-are-gearing-up-for-a-nigerian-drilling-programme-says-ceo-arthur-millholland.html

#COPL are gearing up for a Nigerian drilling programme says CEO Arthur Millholland

3rd April 2019 Share ViewsRuntime 16:22
In a wide ranging interview with London South East, Canadian Overseas Petroleum Limited President and CEO Arthur Millholland told us of the plans being put in place for a drilling programme at OPL 226 in the Niger Delta.

Arthur explained that much of the Autumn had been taken up with resolving issues with the Indian group Essar who hold 20% of the Nigerian licence.

"We expect the Bond to be in place in the coming weeks. The term sheet was fully accepted by the Nigerian bank last week and the paperwork will take a few more weeks." said Arthur.

"Last week our affiliate signed a letter of intent for a brand new drilling rig which is in an Asian shipyard" said Arthur.

"Remember, a drilling rig is a vessel and every five years has to be recertified. Lease a new one and no recertification costs are incurred."

Next steps are for a more binding letter of intent and then a contract which means we commit to take it to Africa.

Finally, when we spoke about working capital, Arthur accepted that the 3 Million raised will not be sufficient to take the business to drilling and testing. "We are going to have to raise additional working capital. We have options open to us other than equity. It may not be equity and for now that's what I'm going to say."

Year high of 0.86p Hope we get there with performance bond!

#COPL @COPLinvestor Apr 3 https://twitter.com/smallcappick/status/1118378609524248577 "We expect the Bond to be in place in the coming weeks. The term sheet was fully accepted by the Nigerian bank last week and the paperwork will take a few more weeks," said Arthur Millholland, CEO of $XOP $COPL.

Key Financial Highlights of 2018: Profit for the year: $1.2 million (2017: loss of $1.6 million) Average realised price: 51.3$/boe (2017: 41.6$/boe) Gross revenues[1]: $14.7 million (2017: $15.1 million) Gross profit: $1.9 million (2017: $2.1 million) G&A[2]: $4.8 million (2017: $5.0 million) Profit per share: 0.5 cents (2017: loss of 0.7 cents) Net cash[3] at year end: $35.2 million (2017: $37.6 million) Key Operational Highlights of 2018: Production: 91,085 boe (2017: 56,516 boe), a 61% increase year-on-year 130% increase in production from the key Monastyretska licence, located in Western Ukraine Gas trading profit of $0.7 million (2017: $1.3 million, which included $0.4 million of interest on receivables) Service business profit of $0.06 million (2017: loss of $0.03 million), net of services provided to the group[4] No LTI/TRIs’[5],[6] Secured ISO 14001 and 45001 certifications.

The Blazh-10 well encountered 207 meters of Yamna, the reservoir formation, reached its final depth at 3,394 m, was logged and is now being prepared for testing. The Company expect to put it on production if well test confirms that oil can be produced in commercial quantities, thus contributing to another step change in the oil production.

ie only 25% in free float

Also awaiting 207m of oil results! Hope this sp does an RPT and head towards 50p

Zlochevsky buys a Ukrainian gas company from the British FRIDAY, APRIL 19, 2019, 13:49 0 The Antimonopoly Committee of Ukraine has agreed with the Cyprus company Burisma Holdings Limited to purchase more than 50% of the gas supplier "Astroinvest-Ukraine" owned by the British Cadogan Petroleum. The relevant decision was made at a meeting of the Antimonopoly Committee on April 18, reports Interfax-Ukraine . "Astrinvest-Ukraine" (Zinkiv, Poltava region). It has been supplying gas to Ukraine since 2006, owned by the British company Cadogan Petroleum, whose shares are quoted on the London Stock Exchange. In 2014-2016, "Astroinvest-Ukraine" also engaged in importing gas to Ukraine from the EU. As stated on the company's website, it has established close cooperation with resident companies in Germany, Switzerland and Poland. Burisma Group carries out exploration, extraction, performance of service and sale of hydrocarbons. The beneficiary of the group is Mykola Zlochevsky. The group is controlled by "Esco-North", "Cube-Gas", "Pari", "First Ukrainian oil and gas company", "Sistemoulinzhiniring", "Nadragaz", "Aldea-Ukraine", "Burysma Service", "TechnocomService", "Nadragazvydobuvannya" "," Gazoilinvest "and" Naftogas-industrial geology ". As previously reported, Zlochevsky sold gas to the companies of President Petro Poroshenko and his entourage. In February, the EP reported that Zlochevsky returned to Ukraine . https://www.epravda.com.ua/news/2019/04/19/647192/

Nikolay Zlochevsky buys Ukrainian gas company of the British Cadogan Petroleum [18:00 April 18, 2019] Burisma Holdings Limited (Cyprus) appealed to the Anti-Monopoly Committee for the approval of the purchase of more than 50% of Astroinvest-Ukraine LLC. The issue of considering this appeal is on the agenda of the AMCU meeting, Interfax-Ukraine reports . According to the AMCU press secretary Alexei Tkachuk after the meeting, the relevant decision of the AMCU was provided. Astroinvest-Ukraine has been supplying gas to Ukraine since 2006, owned by the British company Cadogan Petroleum, whose shares are listed on the London Stock Exchange. In 2014-2016, Astroinvest-Ukraine also imported gas to Ukraine from the EU. As noted on the company's website, it has established close cooperation with resident companies in Germany, Switzerland and Poland. Burisma Group performs exploration, production, maintenance services and sales of hydrocarbons. The beneficiary of the group is Nikolai Zlochevsky, former Minister of Environment during the times of Viktor Yanukovich’s presidency. The group is controlled by “Esko-Pivnich”, “Kub-Gaz”, “Pari”, “First Ukrainian Oil and Gas Company”, “Sistemoylingzhiniring”, “Nadragaz”, “Aldea-Ukraine”, “Burisma Service”, “Tekhnokomservis”, “Nadragazvydobuvannya ”,“ Gazoilinvest ”and“ Naftogazopolylov Geology ”. https://translate.googleusercontent.com/translate_c?depth=3&nv=1&rurl=translate.google.com&sl=auto&sp=nmt4&tl=en&u=http://www.ukrrudprom.com/news/Nikolay_Zlochevskiy_pokupaet_ukrainskuyu_gazovuyu_kompaniyu_brit.html&xid=17259&usg=ALkJrhjWdsRwtjlYCi1TPhsHTly3lPNB8A

No quotes to buy! MM’s manipulation as per usual

Burisma Zlochevsky wants to buy another gas company Burisma Zlochevsky wants to buy another gas company Burisma Holdings Limited (Cyprus) applied to the Anti-Monopoly Committee for the approval of the purchase of a controlling stake in Astroinvest-Ukraine LLC (Poltava). This issue will be considered at the AMCU meeting on April 18, follows from the agenda of the committee published on the website. About this "OLIGARCH" learned from the message enkorr . Astroinvest-Ukraine LLC is owned by the British company Cadogan Petroleum, whose shares are traded on the London Stock Exchange. 99.99% of the share capital is registered Cadogan Pirkovskoe (Netherlands), 0.01% - on the "Cadogan Ukraine" Astroinvest-Ukraine LLC has no valid special permits for hydrocarbon production. At the same time, Astrogaz, LLC, which was affiliated with it, previously owned a license for Pokrovskaya Square in the Poltava region (71.6 sq. Km), but in November 2015 it expired. As previously reported, the state of Nikolai Zlochevsky was estimated at $ 900 million Pavel Poltavchenko "OLIGARCH" https://oligarh.media/2019/04/18/burisma-zlochevskogo-hochet-kupit-ocherednuyu-gazovuyu-kompaniyu/?amp

Looks far to cheap

https://www.google.com/search?q=NASDAQ:MTFB

Up 20% now

Volume 3469

High of $2.76 pre market!

Watch this light up about 1:30pm

MOTIF BIO PLC/S ADR
MTFB (NASDAQ)
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2.15USDPrice decrease0.08 (3.59%)
Closed: Apr 16, 5:50 AM EDT - Disclaimer
After-hours: 2.40Price increase + 11.63%

ie: Something wrong!!!

Given up! Reckon something is right with all the silence! Then again: WTFDIK

No quotes at this time

Antos Glogowski Holds 21% Stake In Soon-To-Be Cash Shell Photonstar (ALLISS) LONDON (Alliance News) -

Photonstar LED Group PLC on Wednesday said Antos Glogowski now holds a ...

Alliance News 6 March, 2019 | 6:05PM

LONDON (Alliance News) - Photonstar LED Group PLC on Wednesday said Antos Glogowski now holds a 21% stake in the company.

Earlier on Wednesday, Photonstar announced it had raised GBP170,000 via the placing of 1.70 billion new shares. Glogowski now holds 758.0 million Photonstar shares, equivalent to a 21% stake.

Photonstar intends to become a cash shell and has been winding up its LED lighting business in order to pursue other opportunities.

Photonstar plans on changing its name to Bould Opportunities PLC subject to shareholder approval.

Deal forthcoming