“unfortunately I doubt they expected such a kickback from disgruntled investors”.
I don’t think any of them did, unprecedented amount of shareholders contacting the relevant Bond Holders. Our social media campaign almost certainly has had an effect because if we look at previous trading and previous resetting, then the bonds were primed for 0.05p a couple of weeks ago.
Nothing wrong with using the various on-line platforms to express views, as last time I checked this is still a democratic country, as long as no laws are broken.
Some truly horror stories of investors being an enormous amount in the hole, and the fire amongst shareholders doesn’t seem to be going out, in fact the opposite.
We need to keep going and continue on our current path…..
Cathy’s company is employed by COPL to carry out investor relations, these professionals don’t give out their personal views or divert from script.
I am led to believe CHF Capital Markets were paid in shares, we need to come to our own conclusions……..
Smellyben - “Just a thought but we could maybe stage a demo outside their office one day in London”.
It is the social media campaign last 2 weeks has almost certainly stopped them from slashing the bonds price down even further, deleted social media reviews and stopped the ability to post on some platforms.
In short, our actions are having a profound effect - nothing should be off the table (legally) as they don’t care whatsoever about the effects of their actions it has had on some, truly horrific stories.
I will reiterate again, Cathy Hulme has told me that she hasn’t seen this amount of anger amongst shareholders (COPL) in 30 years of doing this.
Bob “ i have a feeling this for them will turn out to be a scam too far”.
The ‘team’ have had a good run and made plenty of money, there is a saying “get out while the going is good”. The fact their plot has been rumbled before execution this time doesn’t look like it’s going to end like the previous adventures.
Smellyben - Cathy told me that in 30 years in doing this, she has never seen this amount of anger amongst shareholders of a company (COPL) - she added that I don't blame them.
This kind of theft has been done by ‘this lot’ a few times prior successfully, unfortunately for them this time their plans have been made public before execution - keep eyes peeled on socials…..
Evening all, postmasters were looking for justice since 1999 and was slow progress, a four part drama changed all that.
Although not apples for apples, point being no matter how immune an organisation thinks it is, WHEN THEY GET BAD PUBLICITY it changes everything.
Carry on.
Tuvok - we are fighting in the background for all shareholders, looks like our actions are starting to have effect.
Carry on posting on this BB and other social media outlets about what these crooks are doing, believe it or not you guys are also playing a massive part.
Speak soon.
Ed
“Our neighbours would be getting 5000bopd from 3 or 4 wells, it the CCU and BFFDU is as big as RS and the company suggest its more like a 100-150 well development. That is why the JV/transaction talks are with an industry leader and not a mid tier.”.
I am assuming JV will have up to date kit and manpower, so will they be using Pad Drilling? if multiple drills are done off one Pad, can it average 1 well per week?
Thanks in advance.
AJEP - IMO, bondholders and money lenders don’t tend to look past further then their nose, their business model is to make a quick buck and keep rotating their money, we might not get it but it works for them.
Wwal - JV has taken a lot longer period the company and shareholders first envisaged, thus keeping us all hanging in. In terms of oil, 993M was a conservative figure and not covering all our lands.
Geology to extract is improving all the time, Primary and Secondary recovery is around 40%. After that EOR takes over and that figure jumps to 60%, although companies like Exxon who claim to be the leaders in the field claim to extract more. We have light crude oil which is easier to work with.
Also Ed,
Last time we got up to 2700 BOPD was without handling the Gas and oil going through plastic pipes. 8.5mmcfd was in play but we never got to open her fully up and firing on all cylinders.
So now, under the same scenarios, we should do a lot better.
Although good, this could well be a side show and play second fiddle as when JV is confirmed with a Major, I can’t see them being happy with 5000 BOPD, it will be 10 Times that figure.
Even with 500M barrels recoverable @50K barrels a day is 27 years of oil, no wonder JV partner wants to keep the deal as quite as possible!
Past is past.
Main thing is we have infrastructure in place for oil to be pressurised and more importantly we have the ability to handle it.
Months and months off hard work will pay off as we are about to see some real results.
Clue is no Emergency flaring requests for weeks, where is the excess gas going?
A legend he was 👍