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Louis10
Posted in: PANR
Posts: 1,815
Price: 19.90
RE: The colour blue6 Sep 2023 16:38
"Another sign of the total desperation here.
The quarterly convertible discount share sale will be starting soon."
RE: Louis10 heads on the blockToday 10:20
"Hardly, it's got a long, long, way to go before I'm proved wrong."
Well you've been proven spectacularly wrong Louise, yet again LOL
Louise is a total laughing stock, and all their spouting and getting it wrong all the time is precisely the reason why thankfully no one takes notice of what they write on here, or in their Sunday blog 🤣
Canadian Overseas Petroleum improves finances, picks new chair and CEO
Wed, 06th Sep 2023 12:59
Alliance News
(Alliance News) - Canadian Overseas Petroleum Ltd on Wednesday announced a series of improvements to its financing situation, while also installing a new board chair and chief executive officer.
Canadian Overseas is an oil and gas exploration, development and production company based in London and Calgary, Canada. It has operations in Converse and Natrona counties in the US state of Wyoming.
Canadian Overseas said it has received a USD3.5 million equity investment from Anavio Capital Partners LLP at 4 pence per share. The stock was down 9.5% at 3.80p in London on Wednesday afternoon and is down 75% over the past 12 months.
Anavio also will receive warrants for 69.7 million shares at 4p, expiring in August 2027. Other outstanding convertible bonds and warrants will have their exercise prices changed to 4p.
Canadian Overseas said a further USD5.0 million in liquidity will be released from hedge restructuring. It also will save USD500,000 from directors agreeing to waive cash compensation in 2023. This is on top of USD2.0 million in cost saving made in the year so far.
The company also announced that Arthur Millholland will move from group CEO to president of US affiliate COPL America Inc, effective immediately. In his place, John Cowan, a company director since 2015, will become CEO, and Tom Richardson will become chair.
"COPL is entering an important new phase of extremely tight financial discipline," Richardson said. "The company now has a focussed executive team and Board aligned in their focus on delivering value for all stakeholders. We are delighted with the belief and wholly aligned support of our two most significant capital providers in the changes we are effecting."
By Tom Waite, Alliance News editor
Plaicefish - is that your cheap shares I've just bought? LOL
Seriously though, I don't think you are cut out for investing, maybe stick to putting money in a savings account or safer less risky listed companies with a lower risk/reward profile!
I encourage people to read the RNS in full as it's actually very good!
This paragraph is quite telling and the future is now looking positive indeed for copl ......
"Anavio and the Company have agreed to discuss a possible reduction of the quantum of payment of any "Make Whole Amount" under the terms and conditions of each of its 2027 Bonds and 2028 Bonds (each as defined below), provided a satisfactory Joint Venture is entered into by the Company, hence reducing potential dilution."
I reckon so Hall. I'll have another 30k in funds freeing up to go in here, unfortunately it will be another month before I get my hands on it, otherwise would be taking further advantage right now. Looks like I'll be paying quite a bit more by then :((
Louis10
Posted in: PANR
Posts: 1,767
Price: 20.68
No Opinion
RE: Buying PANR Shares4 Sep 2023 16:25
"So avoiding the question about your connection to the company."
Well considering your refusal to answer reasonable questions posted by many other posters because of the agenda you have I'll just leave you second guessing :))
Keep digging that hole Louise - so on one hand you've said that NSAI are saying it's not commercial even though they specifically said "we did not perform an economic analysis on these resources" LOL
You sure your ok ? Haha
Louise I've read it, and note the key sentence -
"As requested, we did not perform an economic analysis on these resources"
Making stuff up again I see, what you have is several pages of definitions, industry standard, nothing in the definitions is specific to Panr ya total clown
"Actually, Sprout, there's around 100 million barrels of oil and it's not commercially recoverable.
Not me saying that, it's NSAI."
Not true, stop making things up Louise.
Making yourself look like a proper clown aren't you lol
The numbers are definitely huge when you look into it, as David Hobbs recently said,
"Investor's won't have to wait 5 yrs for a return, they've only got to wait until we've demonstrated that the future value has become inevitable" ......
I think that sentence from one of his recent interviews sums it up :))