Member Info for MisterPositive

* out of hibernation.

Yep. Canada seems to have come of hibernation..

Gaining momentum on both exchanges bodes well.

Higher highs.....higher lows

Moving into higher price bracket.

Any dips are bought quick. Trend is Up.

Higher highs....higher lows.

And we should get to 0 45

It touched 11.88p during Exxon days.

We already got Oil majors operating successfuly in the area. Any body could make a low ball opportunistic offer once we in production and increase our Rig count getting more oil out.

With current momentum and increasing each week, with lot more Newsflow coming, we could test 0.45 in weeks ahead....no doubt in my mind.

Biggest gains are when momentum gains traction. This story will soon spread out to the wider market.

Could be taken out with current momentum and further good news in coming soon.

Now that 'Heavy Dilution' fears been removed which is why it dropped to current lows in the first place.

We are good to go....

Market Cap should adjust higher in coming months.

Market beginning to realise, that finally Copl looks set on course for becoming an Oil producer in around 6 months.

Everybody can see where price is headed in coming months....and they all want a piece of it.

Let the re-rate begin. Govt seems to be on board to start pumping that Oil sooner than later. Govt also needs revenue.

Like it Sir.....lovely bubbly.

Right on schedule....

Agreed Ploppy.

This looks to be on the cusp of a re-rate that could be pretty fast soon after the news bits come in. Not far now.

Silver,
You don't have to explain mate. Your money, your decision.

Markets worldwide sold off thu / fri. Also end of week trader profits etc.

ATB.

yep Buys showing as sells....

MMs using wide spread to put buys just below mid price.
MMs grabbing a few on the cheap by the looks.

News must be close.

from current levels.

6000 - 10,000 bopd (per well)

Initial production target as outlined by Art, before moving to 3-4 wells and so on.....

Current MCap does not even remotely reflect what is about to come here within next 6-12 months.

should gradually trickle higher.

52 week high was 0.45

That in my view is first target...coz Market took it down pricing in the worst case scenario.

Things have now turned on its head. Company is back on track in pursuit of becoming Oil producer.

I also strongly believe given the low MCap, at some point COPL will become a Takeover target once it starts pumping oil out.

Imho. Dyor.

I see multiple price moving catalysts between now and drill yet to come.

1 - 1.25p pre-drill (may be more)...who knows.

Deal is for up to £2m spread over 2 years in 3× 8 monthly tranches.

If by Dec / Jan we already in production, and getting oil revenues coming in, I would think COPL would not even need the 2nd tranche then. Would make perfect sense . This finance deal gives company flexibility to get to Oil production sooner than later. Imho.

Riverfort gain as their Shares also go up in value, same as COPL. They sell or just sit on their shares, that is their decision just like shareholders.

Each tranche is 8 months, renewable at COPL discretion. Not monthly share issue. After first 8 month tranche, COPL has the option whether to renew 2nd tranche or decide not to.

All details are in 30 Apr RNS.

This is Placing + Equity sharing deal.

Not just placing.

Deal is structured in 3 tranches (8 months each).

Benefits to COPL:
1) higher market price = less dilution,
as less shares need to be issued.

And

2) Hgher market price = Higher performance related payment to come into COPL.

Keeping market price constant @ 0.13 just for calculation purposes only, I calculate additional performance payment to COPL from 'Investors' of around £219,036 each month for next 2 years = £5,256,862