Member Info for Rosty

@jiff Will FRR ever come back do you think, I had stacks and have written them off but is there a realistic chance?

As they say in todays RNS read the management discussion Doc on Sedar or the companies website for more detail

https://www.canoverseas.com/wp-content/uploads/2023/04/COPL-Q4-2022-MDA_FINAL.pdf
Read Page 7 for brief summary of where we are at

OUTLOOK
The Company's operational strategy is to increase oil production of its Wyoming assets including the following: (i)
increased natural gas and NGL injections at the BFSU; (ii) recompletions of a limited number of existing cased wells
at the CCU for Frontier 1 oil production; and (iii) drilling and development programs in the BFSU, CCU and BFDU
areas.
The Company's short-term operations will focus on:
• continuing and increasing production of its Wyoming assets;
• refinancing the SCF to reduce the Company's cost of capital;
• further developing the facilities to handle gas injection and increased production capacity at the BFSU;
• recompleting up to 6 existing cased wells in the Cole Creek Frontier 1 sands to increase oil production;
• drilling new wells in the BFSU, CCU and BFDU pools;
• concluding a joint venture with a large oil company with operations in Wyoming to appraise and develop the
Company's deep oil discovery; and
• maintaining the Company's environmental, social and governance ("ESG") operating credentials

Hi Fish

Any chance of reposting?

Ta

Has anyone had any contact with the company recently ? If so can you share any comments?

Thanks

https://www.investorschronicle.co.uk/ideas/2023/02/09/bargain-shares-2023/

Todays news is a small piece in a BIG jigsaw that will all come together over the course of 2023

Great company, even better assets and Arthur is navigating this company brilliantly despite some of the horendous comments and bullying by some people on here.

As I said, sit back and relax if you are a LTH invester aand your rewards will come. £46M M'cap will certainly rerate going forward

· Attractive economics with post-tax NPV of US$1.83 billion using a discount rate of 8%, post-tax IRR of 45.1% and a payback period of 1 year and 8 months - based on a long-term lithium carbonate price of US$22,500 per tonne from 2027

This is -phenomenal

And also results for the scoping study for the Francisco basin in H1 which are expected to be equally as good

Ad-Infinitum have already commenced work on the Francisco Basin Scoping Study and our Board is hopeful that the economics and ESG credentials prove to be as attractive as we've seen for Laguna Verde. We expect to announce the results of that scoping study in H1 2023."

Too true neil777

Well I only bought in this morning :) Still feel its way undervalued so took a small punt

Just listening to it now

"150 vessels pipeline over the next 30 years " !!

https://ukinvestormagazine.co.uk/belluscura-shares-jump-as-certification-opens-new-markets/

Great summary and thanks for your input.

Link doesnt work?

Incredible resource potential

Jsut topped up another 8103 shares

Now sit back and relax lol

Strong Start now with a very long way to go

More Lithium than China is astounding and this is way undervalued at the momment and the market is starting to hear about Cleantech Lithium

Sit tight and lets see where we are in 12 months time :)

Looking good now and a sea of blue so hopefully we should start to move now

Extreemly undervalued IMOP and the Far East manufcaturers will be all over this once the JORC comes out

Very impressive presentation and massive resource even without the likely upgrades coming in the next week or two

I’m new here dipped toe in with around 12,000 shares

Great one to hold

Excellent Summary Tiburn

As you say its now just giving the company time to play this out and the share price will start to reflect the true value of this amazing asset !

When Arthur bought the big chunk of shares on the 1st Feb (665,000 @ $0.58) might he have already been in discussion with a major to sell out (by discussion I mean casual interesst shown)
A week later after it may have been casually discussed with the board and then they decide to offer themselves
15, 430, 000 at $0.54

The story may have gone like this;

Arthur has a beer with an "old Pall" who is in one of the big majors and that person implies they could be interested in taking on the project as they have the finacial resources to do so. However there is allot of finacial "cleaning" to do and to tidy up the balance sheet before this happens. (Currently underway and the move to RBL etc)
Arthur obviosuly need to get the boards backing to issue a chunk of share options before this takes place and seeing that the only open period was in February he gets that signed off and they issue themselves 15,430,000 options.
However just in case the board don't go for it Arthur decides to buy his big chunk of 665,000 @$0.58 on the 1st Febraury,

So Arthur buys 663k on 1st Feb and Baord agree to give themselves 15,430,00 options on the 8th Feb in prep for a Take over later this year or early next?

WOuldn't that be amazing and I can only dream :)

Any idea please :)

Does anyone know where I Can watch the presentation later as I'm at work :)