Member Info for MickR

Just done some speed research and the CEO and the CTO own more than 40% of the shares and Meneldor AG own 15% so the free float small and I doubt the BOD will agree to a bucket shop placing as the BOD have plenty of skin in the game.

The investment case under 20p looks very compelling now and I have bought in just now at 14p.

Good luck all

Latino,

The 52 week high was 100p. If the BoD can pull off a superb finance deal, the SP could easily hit 50p in my opinion.

The BOD didnt play the second RNS very well after releasing the first one. Hope for the sake of all holders the SP goes to 20p and higher again next few sessions.

Dyor

I hope this is the start of the bounce/rally and the bottom is in.

10p would be great for starters -Art-release the positive newsflow chum.

DYOR

This was only last summer!

"President and CEO Stock Purchase

25 Aug 2022 07:00

RNS Number : 1476X

Canadian Overseas Petroleum Ltd

25 August 2022

Canadian Overseas PetroleumPresident and CEO Stock Purchase

London, United Kingdom; Calgary, Canada: August 25, 2022 - Canadian Overseas Petroleum Limited ("COPL" or the "Company") (XOP: CSE) & (COPL: LSE), an international oil and gas exploration, production and development company with operations focused in Wyoming, USA, is pleased to announce "in market" share purchases by Arthur Millholland, President, and CEO.

Arthur Millholland, President and CEO has advised the Company of the purchase of 1,000,000 shares of the Company through the facilities of the Canadian Stock Exchange ("CSE"), consisting of 100,000 shares purchased on August 23rd at $0.19/share and 900,000 shares purchased on August 24th at $0.185/share.

About the Company:

COPL is an international oil and gas exploration, development and production company actively pursuing opportunities in the United States with operations in Converse County, Wyoming, and in sub-Saharan Africa through its ShoreCan joint venture company in Nigeria, and independently in other countries.

The Company's Wyoming operations are one of the most environmentally responsible with minimal gas flaring and methane emissions combined with electricity sourced from a neighbouring wind farm to power production facilities.

For further information, please contact:

Mr. Arthur Millholland, President & CEO

Mr. Ryan Gaffney, CFO

Canadian Overseas Petroleum Limited

Tel: + 1 (403) 262 5441

Cathy Hume

CHF Investor Relations

Tel: +1 (416) 868 1079 ext. 251

Email: cathy@chfir.com"

If we ever see 20p here, I would run and never look back IMO.

We are about to see an almighty correction/re-rate/bounce unless there is some bad news hiding somewhere. I feel positive-come on COPL.

DYOR

Come on COPL. Shake off the shorters and power ahead.

2.81p ...yikes. Sitting on a big loss here. Suspension cannot be a good thing if it is coming.

FFS

They did the same thing over at FUM, release a positive RNS first, trap punters and then unleashed a second one relating to exercise of warrants. This market is bent...as... fook.

13 bid price now, I would be surprised if they raise funds at more than 10p.

DYOR

Last placing was at 1.25p barely 2 months ago. This company seems to be doing placings every 2 months FFS.

Oh dear....Directors resigning now and no FCA approval as yet!! Rats jumping off a sinking ship comes to mind.

The speeding ticket says the announcement today was non regulatory …looks like a pump to get the placing away? I would say anything over 10p placing could be a good deal in todays lousy market.

Hope people don’t get spiked here.

Dyor

A few more TR1s would see the share hit 2p very quickly IMO. The free float is very tiny and the re-rate could come quicker than anything.

We saw 1.7p--good buying opp at 1.30p now.

DYOR

Surely if the company had good news to report they would have reported by now? The NOMAD should insist on the company putting out a statement to the market. Sadly with AIM, any delays are seen as a calamity and people will rush for the exit. If it is refused by the FCA, the SP could easily drop by 50% just as it could easily rise by 100% on a successful application.

DYOR

The BOD will have incentive to get the SP up to take up their options:

The New Options have an exercise price of 2p per option (being the issue price of the Company's most recent fundraise). All New Options are subject to the following additional performance based vesting criteria:

· the closing share price of an Ordinary Share must exceed 4p for a rolling 30-day period; and

· the Company must have achieved annualised recurring revenue of at least £3.5 million, when reported in the Company's full year or half year results.

"The New Options will vest equally over three years as set out in the Announcement. Following the surrender of historic options and grant of the New Options, the Company currently has options outstanding over 9,803,894 Ordinary Shares, representing 8% of the Company's total issued share capital."

Not much available below 2p. I think we could see 3p this PM on volume. Market cap is very low and money in the bank paid by HMRC confirmed today.

DYOR

Davey, the free float is less than 250m as the major holder holds over 330m.

If they are adding today and we see another TR1, we can easily hit 2p plus.

The share 10 bagged in 2009 from lows of 2p to 28p a few weeks later. Anything is possible in AIM.

DYOR

Just trying to free up funds from elsewhere. 1.545p to buy now. Looks like a big move coming if buying volume increases.

Finally got a quote to buy at 1.49p

Cannot buy even 20,000 shares at 1.30 ask FFS.

The major shareholder holds over 50% of the company, low free float means huge movements as we have seen this morning.

Could easily hit 2p this PM, this is AIM after all and nothing surprises me.

DYOR

NT to buy now at 1.30 ask?