Member Info for RodneyT

We'll have to see. Anavio most likely have many more pressing matters to think about currently given the focus been applied to their present and past activities.

The discovery was corroborated by Ryder Scott then reviewed and commented on by Hannam and Partners whose work included at least one site visit to Wyoming. Time and time again, the evidence being revealed shows shady practice by Tom Richardson, Marco D'Attanasio as well as others. AM must rue the day that he oversaw Anavio's introduction in 2022. He had done so well up to that point with the Wyoming development and financing. The speed at which the share price fell by 58% just prior to Anavio's appointment and when Hadron was referred to via a TR1 about a year before is being closely investigated now so I understand. Signs of naked shorting are being searced for as well as who the shorters may have been if indeed there was shorting. Remember that Hadron and Anavio share an address in the Cayman Islands.

What if enquiries prove that bonds are held by Hadron, Marco D'Attanasio, Fenikso or TR or any body connected with them? If this is the case, TR's role as a director becomes untenable. Naked shorting is a separate matter and is also being investigated so I understand. There is certainly scope for the SP to improve as a result of rectifications elsewhere.

It would involve using people and misleading them in a time of great distress for those in question though wouldn't it?

An interesting opinion. That would be an extremely deceitful and dishonest thing to do. Why is it your opinion the group would do that? Also, who is to say that this matter won't be resolved in due course via an agreement between the various parties. The RNS did say that the JV discussions had terminated 'at this stage'. Bearing in mind the intense pressure Anavio and others are currently under and the scope of the possible punishments for being found guilty in Court for a multitude of violations, there is no reason doubt that discussions could start again soon. Anavio would want this to happen well before 29 Feb.

Could you explain why TR1s need to be announced please? My understanding is this refers to 'major shareholders' which is not the same as a group of small shareholders chatting about common interests. 100 people could be in the pub talking about a company. They own 0.05% of the shares each. Each agrees on a course of action for the company if they could influence that. They are not related and no group decision is requested. Is that the same as a LLP which goes from 0.05% to 5% through share purchase?

There is the added strand of Hadron Capital Partners (LLP) and its role in events at Lekoil (Nigeria) along with Mr Richardson. A COPL RNS dated 5 July 2021 showed Hadron with a 5.25% holding in COPL. COPL's share price fell by 58% by 22 July 2022 when first financing with Anavio was announced. It is unclear whether the COPL shareprice was shorted during this period and, if so, by whom. I understand this is being explored now.Hadron's founder is Marco D'Attanisio and he is now a non-executive director at Fenikso with Tom Richardson. Fenikso was previously called Lekoil (Cayman) Limited. As at 2 May 2023 Peter Krens was shown as Fenikso's contact at Tennyson Securities.

Here is a link which shows the comments made by the Chair of Lekoil (Nigeria) at the time. Note Dr Aisha Muhammed-Oyebode's comments about Lekoil (Cayman) at the end. Also note the calibre of Dr Muhammed-Oyebode, a lawyer educated in London and daughter of former Head of State. It would be interesting to have a conversation with her about Metallon, Hadron, Tom Richardson, Marco D'Attanasio and so on.

https://www.energyvoice.com/oilandgas/africa/ep-africa/347042/metallon-sold-stake-lekoil/

https://en.wikipedia.org/wiki/Aisha_Muhammed-Oyebode

It might also be interesting to explore the role of Tennyson (and Mirabaud before that) as relates to their involvement,if any. Mirabaud was involved with Lekoil for a $12 million deal back in 2016 and were also involved with Savannah in 2019 with a $15 million deal. The link below provides more comment and reads like an Ian Fleming novel.

https://www.thecable.ng/corporate-takeovers-contextualising-the-savannah-move-on-lekoil

Tom Richardson is shown on the Companies House website as being a Director of Metallon between 20 April 2020 and 10 October 2022.

Yes Bob. A review of the protagonists ' respective histories shows they have not been across the table from folk such as ExxonMobil and Summit before. The way in which they mock their duties does not count for much at this level. Looking for an escape route I would suggest. Staying free is top priority? Free with a career that can be salvaged.

Perhaps more and more greed is the last thing on their minds all of a sudden? How about survival and damage limitation?

Https://www.energyfocusreport.com/anthony-hawkins-a-legacy-of-shareholder-value-destruction-and-lost-opportunity/

Twelve months ago, Metallon Corporation requisitioned an Extraordinary General Meeting (EGM) citing

inadequate corporate governance on the part of the then Board of directors of Lekoil Limited. The

requisitionist sought and obtained the appointment of three directors, Mr George Maxwell (the only

suitably qualified nominee), Mr Michael Ajukwu and Mr Thomas Richardson. Since the Requisitioned

EGM, George Maxwell, Michael Ajukwu and myself have resigned from the Board of Lekoil Limited. The

Chief Financial Officer (CFO), Ed During has also resigned from his position, citing his inability to

continue with a Board showing blatant disregard for the views of the CFO and a propensity to mislead

regulators.

The principal requisitionist, Metallon Corporation, owned by Mzi Khumalo has purportedly disposed of

its interest (yet his appointee and the Chief Executive Officer of Metallon Corporation, Thomas

Richardson, inexplicably remains on the Board of directors of your company)

In the RNS, COPL keep stressing they got legal opinion not to put the various funding rounds with bond holders to shareholders implying this is not a clear cut issue. Given that from the first Anavio tranche in July 2022 resulted in further dilution for ordinary shareholders, is there contrary legal opinion of the view that it was clear cut and SHOULD have gone to shareholders for their vote? Any lawyers out there?

Were those statements of fact or opinion? If fact, please present the underlying evidence. Thank you.

One more point, I understand that the penalties for these activities have been severe for many years but that actual prosecutions have been relatively few and far between. Bearing in mind the importance of Financial Services and the City more generally, post-Brexit, this could be about to change with the authorities more keen to weed out wrongdoing. Note that HM Treasury aligned aspects of the Criminal Justice Act 1993 more closely with the UK Market Abuse Regime (UK MAR) as recently as June 2023.

I just had a look at the FCA Handbook FCG 8 covering Insider Dealing and Market Manipulation. It says that the former is a Criminal Offence under the Criminal Justice Act 1993 section 52. I cross-referenced that to find that the consequences of being found guilty of these crimes include unlimited fines and or a custodial sentence.

How would we know? They could be going very well indeed. The Bondholders and COPL have more and more reasons to get back to the table. It could be their only way out. Fear is brewing in their souls. Is it a coincidence that we've not heard from the directors? Nobody knows where Messrs Gaffney and Cowan are. I suspect they and Anavio are looking for answers. Fast.

Unless COPL issues more convertible bonds to them and they are able to gain even more shares should the share price fall even lower. Without clear statements from the Board, how would one make any rational decision?

The silence is deafening from the Board and a crisp, clear statement outlining how it intends to drive this COPL in its current form forward as a going concern. If we're going down, at least let's go down whilst putting in maximum effort to be successful. Where are you Board? Why are you so quiet? What's your motivation? What do you want?

Did you read the contents of 15 Nov RNS? What if a person who did so invested in COPL for the first time based on that announcement from the company? Have a look at WOGCC for declared injection figures since Q3. How would you explain the difference between what was stated on 15 Nov and what was declared to WOGCC?

I have significant professional firepower available RBM. Please get in touch if you would like to explore whether this would be helpful to to your efforts.