Member Info for saintnick

@Biglad - Kravitz is there to form a NewCo in my opinion. Fund raise to be offered in Feb, CC being sold, BF to continue. Look at the infrastructure upgrades on Bing maps (side by side with Google) this isn't going belly up, we're being minimised. GGS 'failure' is a smoke screen, AM still in charge at COPLA with one hand on the wellhead choke and the other squeezing shut the NGL pipe.

CC proceeds to be split between shareholders post debt clearance, expenses, wages and bonuses. BH/SL's get the chunk of it but LTH's that partake in fundraise get something back. If we don't, we lose.

It's a gamble on the Co.'s part but HNWI will definitely partake as its a numbers game, thereby shutting down the possible legal route to recompense for less well-heeled individuals.

Or, we're just being robbed. We'll see next month.

So the terms can be changed, they've done it virtually every time so far.

If you believe this is all down to TR and Anavio with AM in the dark then yes, BH's remain greedy etc.

I think as stated, we'll see what happens next month. As an example of keeping LTH's quiet look at HE1. Loads are still undewater but the noise over there means nobody's really listening as the new guys are all makimg money. Watch this space i reckon.

@panamabob, in that scenario are you saying TR hoodwinked AM? If so i'd say its possible but not probable given TR's track record and AM's current position.

For my money, his instalment was part of the plan. Anavio own 25% of COPL's enlarged shareholding so where's the rest gone? How do any of these characters cashout with a profit, rather than just the debts back?

And, what the hell is AM still doing there? If TR had swiped my company from under my nose I'd have walked then dealt with him shortly after.

For my money, I think everything we are suffering is part of the original plan;

1. Close down alternative finance routes and increase bondholder involvement.

2. Dilute existing shareholder base to increase stake.

3. Sell Cole Creek. No JV, sell it. Always the plan hence all the work at BF and none at CC.

4. Continue the business at BF debt free after distribution of sale proceeds, legacy intact, pockets filled and LTH's get a little back.

AM May 23: "....Ok now we’ve got the key acreage OK and we control it but we want it all and so do they...". That doesn't sound like the basis for a JV to me.

17 months of due diligence and the interested party let's someone else pick it up on the open market. Don't think so, AM's selling it and the deals all but done in my opinion. This is all just a way for the keys players to take the biggest share and TR was the right tool for the job.

Lets see what fund raising olive branch gets offered next month to keep LTH's quiet.

No new info but I touched on this the other day.

COPL Bermuda Holdings is still active and so presumably are the bank accounts. Unsure as to the reporting requirements or possible oversight on Bermuda bank accounts but why keep anything ShoreCan related live (incurring costs) if its a dead duck.

Thanks Gord_1 and Invest4theLT.

Indebtedness and liabilities stood at $85m as of 31 Dec 22, 12 months later its $135m+. I can see approx. $20m of equity/bond financing etc. during the period not including the latest $2.5m as this came after the announcement.

What is the other $30m? interest due on restructuring debt?

I get your point on licensing but reserves have value and they are producing within terms of the license. 1P Reserves are around 17m (boe) valued July 22 at $254m. I'm ignoring 2P (31m boe at $492m)

Nothing added for CC as that's the whole game.

Conveniently, they valued total assets at $114m (before the latest infrastructure upgrades).

What value for OIP 993.5 mbbls?

Based on recovery of just 8% (Ryder Scott) and say $4 per barrel I make that around $300m.

The Con is on.

Arthur Millholland May 23:

"if you look at the what we believe is the value just of our existing producing asset there is a disconnect between the market cap of the company what we’ll call the debt whether it be the bondholder or the senior creditor in the United States" (Mcap £23m)

Tom Richardson Jan 24:

"In considering various options, the Board concluded that the value of COPL's assets were insufficient to cover the claims of secured and unsecured creditors which today stand in excess of $135 million" (Mcap £0.85m)

https://www.londonstockexchange.com/news-article/COPL/significant-increases-in-reserves-and-values/15623712

Someone's not telling the truth. I'm no fan of AM but he's wily. In a panic it seems Tom has not familiarised himself with the official company statements.

The reserves haven't gone anywhere, the money borrowed from BH's since has improved infrastructure and oil is $10 higher than May 23.

Time to get the assets revalued, Peter Kravitz over to you... while your at it, explain how we get to $135m of debt. Please.

Wind your neck in, its on AWS.

I said apparent as I didn't write it or upload it.

Stats20, agreed. After reading the whole transcript its just the usual many words when a few would do we used to get on proactive.

Point of posting was that if he did raise with the FCA there will be a record, if he didn't then that would be misleading to the then shareholder syndicate members.

Thanks momajid, ran into a dead end on the guy I was checking out but did come across the May 23 meeting with AM. Interesting snippet below. (Not verified, just found the apparent transcript, sounds like him though). A useful insight for those not aware of the conversation.

AM: "..... the next thing is that if you take when we got re-listed, in 2021, is that we had concerns of the way the stock was trading and we brought those concerns to the FCA and I saw it straight away. I was just following trade patterns of the stock and the stock was trading in a box and you can map it in time then we took the trading data and sent it to a bunch of “clots” in India who took it apart on an individual trade basis and you could see it, the stock was trading in a box and when I mean a box it takes more than one, it’s a conspiracy, and there’s gotta be two people on each side of it and it was trading in a box up 5% down 5%, up 5% down 5% and if you look at the settlement times its there, our solicitors on the line here and I’ve had discussion with him of my concerns, the concern is that so for example here in North America spread betting on the market is illegal its legal in the United Kingdom for tax reasons it effectively in my mind is a naked short and so the smart traders have figured a way around the rules OK and they’re playing with it and so if you look at on a probability is the probability is that you can more money off a short than you can off a long spread bet its simple and so…so ya know there’s this guy Tom Winifrith so he knows something and he says “Oh I don’t have any interest in that” yeh that’s nonsense is…is that he hides his assets outside the country you know that and that he (inaudible) poor Welsh farmer, not, and…and so ya know you breed discontent and ya know we are where we are so its our objective to show him all that’s wrong, if you look at the what we believe is the value just of our existing producing asset there is a disconnect between the market cap of the company what we’ll call the debt whether it be the bondholder or the senior creditor in the United States and it is so that’s been driven by liquid stock, the ability in my mind to abuse the trading patters of it."

FCA knew something was up 8 months ago according to AM. Would be good to know who at the FCA dealt with it.

Mike Hirschfield at Seed Capital (80 Cheapside) and the FCA are different people from what I've found.

@momajid - do you any details on the SL?

You mentioned it being 'Summit'. I'm trying to link an individual into the mix, just a hunch at the mo but any SL details might be useful

@momajid - starling when you see it all laid bare.

I'm not on X but please forward to Liam Halligan with old Guardian story link.

https://twitter.com/LiamHalligan

If you could also add Governer Mark Gordon that should get someone's attention.

https://twitter.com/mark_gordon

Thanks for all your efforts so far.

@silversprings - I believe one of the terms of the scam bondholder asset grab was that the SL agreed to 8% of the company, not shares in issue at a given time but the whole company once the musical chairs stops.

Money back plus 8%, incentive?

@lagueule - i'd suggest an informal approach to this lady.

https://www.linkedin.com/in/nicole-bennett-25702338

A while back someone on here found a connection to southwestern production and her. Might be nothing, might be something.

RBMInvest, great work again today, looks like the campaign is gaining traction. Would be good to see this in the news cycle across the weekend.

Question on the details of the article.

CAG hold 8.1%, is this figure just the comfirmed members of the CAG inner circle or does that include those that replied to the coplsharewatch email?

Reason I ask, if it's the former then suggest we have a recount of confirmed holders interests as we're only 2% or £49k off being able to call for an audit.

Timing is everything (and deliberate) so if they aim to wind up or take private before the end of Q1 we may not see the 2023 FY results.

Firefly, maybe forward that email to this guy.

https://twitter.com/mark_gordon

Sat in on the flaring application meeting, knows whats at stake, will have contacts. If involved somehow, will burn bridges sharpish. Election year.

Biggest US Lower 48 onshore oil discovery in decades.

Gord_1, good point on Shorecan.

Vehicle set up for it was/is COPL Bermuda Holdings. Are far as i'm aware they still have active bank accounts in Bermuda.

Https://www.nationalcrimeagency.gov.uk/what-we-do/crime-threats/money-laundering-and-illicit-finance/suspicious-activity-reports

Suspicious Activity Report (SAR)

"SARs can help identify changes in the nature or prevalence of types of organised crime e.g. mortgage and boiler room frauds. This enables detection and prevention activity including the issue of alerts to businesses at risk from such activity."

"A single SAR is often used multiple times by different users for different purposes. For example, the information within a SAR may inform HM Revenue & Customs about taxation, local police about fraud or theft and a government department about an issue or weakness in a financial product."

Might be useful.

Proactive have gone quiet as AM not paying for the airtime any more. They'll follow only if in their interest, which it isn't as they hawk these tin pot dictators.

https://twitter.com/IanKingSky

https://twitter.com/LiamHalligan

Not sure about King but Halligan loves a people story.

RBMInvest and Momajid, great work. That's the hook and no journalist worth their salt will ignore.

Any links to Harald's Capital Bond Partners and I think that'd be the whole gang. Anyone jumping ship in the last 3 yrs needs the spotlight on them

FCA not investigating due to an inside man? "Mike Hirschfield works as a Listed Company Compliance at the FCA".... Wholly shhh, that would be gold. Compliance as well, laughable but not for them as that's jail time.

Send what you have to these guys today and they'll blow this open.

https://www.transparency.org/en/advocacy/investigative-journalism

https://www.thebureauinvestigates.com/got-a-story/how-to-talk-to-a-journalist

I want my £27k back, if i cant get it then a seat in the court house watching these parasites go down will do.

Suspicious, 2 posts removed so far and I've not even touched on their plan yet. For now though, rough repost of my reply last night!.....

HarryWh - agreed, but i'm also with Stas20 on the mastermind behind it all.

Anavio are facilitators and will be rewarded openly to the frustration of many but who actually owns the bulk of COPL today? Everytime there's a dilution who gains the bulk of the shares. It's not Anavio, they only hold 25%.

If we can find Tom's previous links and business interests then it would have been negligent of the COPL BoD and lawyers not to have done the same before installing him. If they wanted to facilitate a loan to own then they got the right man for the job. Remember this was 7 months after the JVP had declared an interest, this is not the guy to hire for anything other than shareholder value destruction based on track record.

On the flip side, if I had a company wrenched from my hands so close to the finish line of JV £m's, pretty sure i'd be suing and exposing the skulduggery. I wouldn't be taking a job in Operations, I mean who does that, pride alone would make you walk and then take revenge so there'd have to be a very good reason to stay.

But that's just me and my opinion, I could be completely wrong.

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Admin, email me if there's something factually incorrect in this post.