Member Info for pkwendall

Stas. Thank you for reminding us of this. It's become clear that the BoD agreed the highly destructive terms of the financing with Anavio, with the full intention to wipe-out share holder value, and to transfer power and equity from the shareholders to Anavio (and no doubt themselves).

"Are we to believe that when they were 35p that COPL had approached the shareholders and said we are going to have to place at a major discount at say 25p but we would be fully covered for the GGS and production increase, that the shareholders would not buy it, particularly if this alternative was spelled out, of course they would.

Bottom line is everyone knows in ALL small caps the first port of call for finance is to tap your shareholders, this was never attempted, why was that, its because it was never about the financing. This whole exercise has been about taking COPL from predominantly shareholder owned to BoD owned through other mechanisms. It was not just the bonds and the warrants that screwed it here it was the processes that COPL specifically put in place to ensure we would be screwed, that was the vwap calculation that gave them a no lose situation."

The action group will engage the services of a forensic account to scrutinise the accounts when necessary. We already have a good contact for this.

*the accounts

The action group will be engage the services of a forensic account to scrutinise to accounts when necessary. We already have a good contact for this.

There's no reason why the upgraded GGS shouldn't have worked,if they actually bothered to pumpthe gas into the ground as planned/stated in an RNS. Where has the money/gas gone?!

*their plan

The BoD (under instruction from Anavio no doubt) did not purchase the gas, so wasn't injected, hence the poor production. All part of the thier plan!

"Tiburn - as it "appears" the MF does not work and only 1100 bpd possible".

I thought we were led to believe the GGS was working fine but increased NGL injection in Oct and Nov just did not happen hence no production increase. Or have I missed something ?

John Cowan, CEO and Director commented:

"The third quarter represents a period of important transition in all aspects of COPL. In the third quarter, G&A was reduced as an ongoing process in accordance the Company's previously announced commitments, with significant and required field infrastructure upgrades completed. Oil production remained stabilized, and importantly, the permitted gas flaring program has ceased."

"Since the third quarter in 2023, COPL was able to use working capital to increase NGL injection at the BFSU at double the rate compared to recent periods. This miscible flooded field requires injection of NGLs to enhance oil production and field recovery factors as capital restraints in earlier periods restricted the rates of NGL injection. A technical review of the oil response to increase NGL injection will be monitored closely this quarter, and it will form the basis for future production guidance and 2024 plans."

"The negotiations regarding a possible joint venture announced by the Company in July 2023 are ongoing and the parties are working to agree all outstanding matters."

34438 divided by 30 days in Sept = 1,148 bopd (not 975 bopd)

@Simmo77

Being paid in shares is not classed as insider trading, otherwise directors wouldn't be able to recieve shares in lieu of salary.

The "arm's length creditors" are happy to take their payments in shares at the 2.6p per share, so they must be confident that SP will rise.

Whoever the Arm's Length Creditors are, they know something we don't.

I'm not suggesting that this stock 'COPL' is dodgy. It's the Bond holder and the market maker that's potentially not playing by the rules, so I've emailed my concerns to the regulators to investigate.

Appologies it's..

jcowan@canoverseas.com

Please also include

primarymarketregulation@lseg.com

complaints@asc.ca

rgaffney@canoverseas.com

Dear Alberta Securities Commission & The London Stock Exchange

Myself and many other shareholders in Canadian Overseas Petroleum (COPL) suspect that Anavio Capital Partners LLP (possibly colluding with Joh Berenberg, Gossler & Co) are again shorting COPL's stock.

The bond holders appear to be shorting the stock as to drive the share price as low as possible to maximise their gains as the debt is repaid in shares. I just don’t know how that is allowed to occur in a regulated market.

Please can you investigate this?

(please see previously sent emails below for more details)

Kind regards,

To: Complaints

Cc: amillholland@canoverseas.com ; Rgaffney@canoverseas.com; cathy@chfir.com

Subject: Re: Canadian Overseas Petroleum Limited (COPL) market abuse concerns.

Areas that required investigation include..

Despite large conversions over the last 3 months, Anavio (Anavio Equity Capital Markets Master Fund Limited) never had a TR1 which seems at odds with their stated “commitment” to the firm.

Anavio insisted on having a board member added to COPL's Board of Directors, as part of the bond/finance agreement, so are there sufficient controls in place to exclude Anavio from having inside information as the trading “pattern” looks different since then , i.e, just constant pressure on the SP despite absolutely no negative company news or macro degradation to support the drop that we have seen.

It also makes no sense that a sophisticated financial company such as Anavio would be selling significant amounts of bonds at, on face value, a loss, when the terms of issuance restrict short selling which would be required to hedge their exposure at issuance and avoid losses.

On July 18 the fact that Anavio received VWAP shares of 72m (c.12%) of the current market cap at the lowest share price ever, seems a little coincidental, and again no TR1, and yet large selling. Anavio have form. Please refer to the Norway regulatory findings in 'Flyer SA' (earlier this year).

https://www.finanstilsynet.no/en/supervision/market-conduct/decision-regarding-violation-penalty---short-selling/

Decision regarding violation penalty - Short sale

/

www.finanstilsynet.no

Kind regards,

With something similar to the below,

complaints@asc.ca

jcowen@canoverseas.com

rgaffney@canoverseas.com

Dear ASC,

Myself and many other shareholders in Canadian Overseas Petroleum (COPL) suspect that Anavio Capital Partners LLP (possibly colluding with Joh Berenberg, Gossler & Co) are again shorting COPL's stock.

The bond holders appear to be shorting the stock as to drive the share price as low as possible to maximise their gains as the debt is repaid in shares. I just don’t know how that is allowed to occur in a regulated market.

Please can you investigate this?

(please see previously sent emails below for more details)

Kind regards,

To: Complaints

Cc: amillholland@canoverseas.com ; Rgaffney@canoverseas.com; cathy@chfir.com

Subject: Re: Canadian Overseas Petroleum Limited (COPL) market abuse concerns.

Areas that required investigation include..

Despite large conversions over the last 3 months, Anavio (Anavio Equity Capital Markets Master Fund Limited) never had a TR1 which seems at odds with their stated “commitment” to the firm.

Anavio insisted on having a board member added to COPL's Board of Directors, as part of the bond/finance agreement, so are there sufficient controls in place to exclude Anavio from having inside information as the trading “pattern” looks different since then , i.e, just constant pressure on the SP despite absolutely no negative company news or macro degradation to support the drop that we have seen.

It also makes no sense that a sophisticated financial company such as Anavio would be selling significant amounts of bonds at, on face value, a loss, when the terms of issuance restrict short selling which would be required to hedge their exposure at issuance and avoid losses.

On July 18 the fact that Anavio received VWAP shares of 72m (c.12%) of the current market cap at the lowest share price ever, seems a little coincidental, and again no TR1, and yet large selling. Anavio have form. Please refer to the Norway regulatory findings in 'Flyer SA' (earlier this year).

https://www.finanstilsynet.no/en/supervision/market-conduct/decision-regarding-violation-penalty---short-selling/

Decision regarding violation penalty - Short sale

/

www.finanstilsynet.no

Kind regards,

4:07:51.107 PM

2.5093

5,189,901

35,535k all unhedged so actually more profit on a little less production, so not bad whilst we await September's figures.

Http://pipeline.wyo.gov/AllOpcoProd.cfm?oops=ID17447&RequestTimeOut=65000&nOpco=1769

Keep those eyes peeled and on the prize.

.. with production expected to be significantly higher.

"The Company is on track to close the financing prior to 6th October 2023"

"announces that it has entered into an amendment to its Senior Credit Facility providing a waiver of its covenant tests as of September 30, 2023. The waiver is conditional on closing of the Company's financing which has been extended by agreement with Anavio Capital Partners LLP to October 6, 2023. The Company is on track to close the financing prior to 6th October 2023"