Member Info for mcadder

And now here comes the dumping from the traders .....

Oh dear, you know it's time to move on when a certain poster shows up rampy rampy while dumpy dumpy....

When investors in the US start buying in here, which I'm sure they will now, you can be assured that when that happens, we'll know from the movement of the SP that word has got out....

But yes agree, all maybe not what it seems, they are happy to take the shares, was looking at this for a punt but currently NT to buy...

Well surely the selling can't go on forever, we'll see. Just a couple of days people thought 0.055 was a good punt...

Someone with a lot of shares seems to keep dumping 1,693,334 shares repeatedly...

From all the dumping going on, my guess is a heavily discounted placing soon to keep the lights on...

"LET IT GO"

Yes fish, take notice of yer own ramblings and do just that. The posting will continue whether you like it or not...

Fish - no harm in repeating what many will consider to be a crucial part of the presentation, plus I don't think anyone else has posted this relevant bit on here word for word so far. I'm afraid 23 people who recommended the post so far would disagree with you ;)))

Art's comment during presentation on the JV -

"Most importantly here, we put press releases out, and interestingly enough we were approached by a large listed oil company in the United States enquiring whether or not we wanted a joint venture partner, and it was a very high level approach, and they would be a very good partner for us to have. So we're still in discussions with them, this is a very enviable piece of acerage we have. It's 50,000 acres, just under, we have 100% of the vast majority of it, we operate it and most importantly they know what we found, I believe from the way they're talking with us, because the vast majority of the information we've used to map this out with the well we drilled, is in the public realm.
So we'll see how that goes, but it's extremely encouraging, given the size of this thing we can't do it ourselves, it is too big, and what our intention is, is right away going to secondary recovery on patterns, and that way we can maximise the depletion of the reservoir, and we will do it in stages as we go all the way through.
So let's all stand form (firm?), we look to have a loan agreement with the bank, hopefully a term sheet for that in the near term, and hopefully on finding a partner here, I would like to do that this month as well." (Nice!)
"We put back the drilling till January, because of rig availability, we still can't buy any casing, BUT THEY HAVE CASING" (Interesting)........ ;))))

The key thing with the latest JV update is that whoever it is, they made a high level approach with us, NOT the other way round :))

If and I say it's a big IF that ExxonMobil is the large "recognised" US oil company interested in doing a JV with COPL, then perhaps this could be why.....

US clashes with ExxonMobil over fuel inventories
October 3, 2022

"US President Joe Biden and his deputies are trading barbs with ExxonMobil and other refiners over what the administration sees as inflated gasoline prices caused by insufficient domestic inventories."

US energy secretary Jennifer Granholm on Friday offered a fresh critique of the oil sector’s profit margins and the alleged “failure of companies to maintain sufficient regional inventories".....

Given how tight domestic supply has become there with demand still as strong as ever, COPL with it's now documented 1Bn barrels thanks to Ryder Scott's resource report has now become a sitting duck for not just a JV but a takeover offer way way above where the Mcap current sits.

Literally zero interest, SP erosion day by day, very sad to see but reflects the reality of the situation here....

Wow, now that is interesting indeed, thanks illusion :))

You can all relax here, looks like that Earl of ****e has moved onto ramping UKOG and AST, what a tit lol

"50p would be good too" gregorio 11:16 06/10/22

Looks like gregorio is back in lol

I think anyone would be more than happy with either figure calamari regardless of who lol.
Even Devon energy with their Mcap of $42Bn would be fantastic.

Calamari and even gregorio (depending on which account you want to use) ;))) - more chance of finding out that our JV partner could be ExxonMobil than this going back to 14p

Did you not read my post Tiburn? Or did you have me filtered? lol
All about the JV for me now, this is what will really accelerate things and exploit what copl have below the ground....

Looks like calamari and gregario (likely one person) are looking for their 14p entry elsewhere today :))