Member Info for shareant

Or if d1cks stop selling every 0.3p!

https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00021327

GLA

What we need is the other BOD's to buy shares, to show confidence in AM.

Why haven't they bought any recently?

GLA

It might be worth £1 billion (eventually), but any Major is not going to spend billion buying and then what, how are they going to make money? Thats the whole point of a buy out is they want to make money themselves.

They will want at least to double their money, if not triple it, so the maximum they would they would offer is £500mil. Chances are it will go for less.

Either way, if you made 10 times your own investment, who wouldn't take that at around £3p/s (for most on here whom have averages around 30p)?!!

GLA

I'd take £1 if it was given Monday for a buyout.

GLA

Bankers VV@nk3rs

GLA

18 straight buys and it doesn't move, yet 4 sells, they drop it.

Absolutely disgusting

GLA

Last 20 trades - 19 are buys - 1 sell - how can that be legitimate??!!

GLA

What the RNS needs to provide to have maximum effect on the SP/MC:

Starting with a very brief summary of the RS report at the top, highlighting what we want to see in terms of estimated total reservoir volume and then OIP, and anything else thats positive.

Then give the details of it etc..

Then a quote from AM himself, how this can affect COPL in terms of value and where we should be in terms of MC, and maybe a mention of any discussions with any majors (if possible) and also the RBL.

From the last RNS some didn't read the full RNS, and probably only read part of it. I think hopefully the above will help the SP climb a lot quicker.

GLA

...I hope so just to P off the ones that sold and continue to take the P.

Unbelievable where we are yet again, even after Cuda. This share does my head in.

GLA - eventually.

With any luck I'd like to think he may release news tonight, after close in Canada, that way everyone get to digest the RNS and spread the word, ensuring we can discuss the figures, and hopefully Tedoby do some of his calculations before Monday, when hopefully we will be multiples of where we are limping after Cuda. Which was a complete disaster after the mid-day RNS and everyone selling without reading it properly - just looking at the 55 odd million shares @ 16.76p, even though it wasn't actually that, hence the large selling (in my opinion).

If its released 7am, doesn't give time for people to read it properly, and less chance of those buying now, selling on their 5-10% profit, knowing it could go up a lot more!

Come on AM, please help us out for once.

GLA

Yesterday, a lot of buys went through and barely move, today some sells (mixed in with some buys but showing red), and yet drops much quicker with sells, than rises with buys.

Thats the difference that makes it looks so much dodgier.

GLA

Not heard from Tedoby for some time, some of his calculations would be really helpful as usual.

Hoping we will get those next week when the RS comes out - 2-3 days hopefully, but maybe you can do some in the meantime based on the '1.2-1.6 billion barrels of OIP underlays COPL lands,' AM mentioned?!

GLA

Saw the RNS this morning at 7am, and thought, yes, at last, we might get somewhere.

Came back to check on things a few minutes ago, just cannot believe where we are, thought we'd be in the 20's at least.

I'm sure there are lots of reasons, one I think the constant delays have cost us, the drop in oil price, and now the holidays, if this was released May/June when other stocks were doing 100% on much less news, I think we would have been in the 30's by now.

I just hope someone takes us out now when the details of the RS report are released next week, to be honest, I don't care if its a low number anymore, just want to help my kids now before its too late, it really has gone on for too long.

Still 40% down. Just wish people would stop taking the phiss with this share. Sentiment is part of every share, this seems to have very little left. For those that think this will reach £10 in a few years, I can't see that, hence, why I'm hoping for a buy out asap. Just hope the RS saves us - 1 week left.

GLA

Instead of saying AM told me this, why don't you say 'I think' or 'maybe this might happen' or something similar rather than actually say who said what. That way you are not breaking any rules.

There might be a positive or negative reaction, but there will alwasy be bell ends here.

Just hope the IRR comes sooner than later, and catches out those who sold.

GLA

COPL Signs Financing to Close the Cuda Acquisition ahead of procuring a Reserve Based Loan Facility

London, United Kingdom; Calgary, Canada: July 22, 2022 - Canadian Overseas Petroleum Limited ("COPL" or the "Company") (XOP: CSE) & (COPL: LSE), an international oil and gas exploration, production and development company with production and development operations focused in Converse and Natrona Counties, Wyoming, USA, is pleased to announce (the "Announcement"):



· The Company has signed Purchase Agreements for the issue of two series of convertible bonds with an aggregate principal amount of US$25.2 million (the "Principal Amount"): $12.6 million maturing in 2024 and $12.6 million maturing in 2025 (collectively, the "Convertible").

· The Convertible is anchored by a long term, UK based institutional shareholder (the "Lead Investor") and other institutional investors (all investors collectively, "Bondholders").

· This instrument replaces the previous bridge loan, announced on 19 April 2022 and is structured to accommodate the implementation of a planned Reserve Based Loan ("RBL") facility. The Convertible is initially unsecured and permits the Company to structure new senior debt.

· A 'tap feature' to increase the Convertible allows COPL to draw further development funds, should it require, with the aim of increasing production or for future drilling plans, subject to mutual agreement with the Lead Investor.

· Subscription Proceeds of $19.7 million from the Convertible will be used to finance the cash component of the acquisition of the Cuda Energy LLC ("Cuda") assets (the "Cuda Acquisition") which will lead from Q3-2022 to an increase in the Company's share of oil production from certain of its Wyoming assets.

· With a bankrupt partner removed from the Wyoming Assets and, those working interests owned by COPL America, the Company believes, it is now optimally positioned for management to achieve its near-term objective of finalising a RBL agreement to refinance its debt structure during 2022.



COPL believes this instrument offers superior terms for the Company to pursue its corporate objectives for 2022, by providing:



· A longer average maturity of 30 months, with options for COPL to repay in cash or in COPL common shares.

· Flexibility through optional redemption by the Company to call the instrument if certain conditions are met.

· A structure deliberately designed to support COPL and senior lenders with the implementation of an RBL agreement.

· The Lead Investor and COPL have agreed to a 'tap feature' whereby they can mutually agree funding for development and drilling at COPL's Wyoming Assets, in a structure that fits with a RBL or senior debt.

· The Company has also agreed to a moratorium on equity issuances for 90 days from the Issue Date, whilst the Company works to conclude its objective of senior debt refinancing and, not to issue further convert

When the news does land, I really hope we do get a buy out asap. This is the only way we will reach some kind of potential high SP/MC, as the traders are taking the mickey, and dont think I could wait years doing this whilst life passes by.

Waiting will not help our families now with the potential here, I want to help my kids now for their future.

Just hope the delay doesn't keep the herd away next week, given the holidays.

GLA - 1-2 more working days!! Come ON!!

HB, you really are scrapping the barrel.

How can you not be positve with the RNS today knowing its only a weeks delay, but with even better news news than most thought?!

GLA

Sorry HB, it jumped from just over 9% to over 11% - ie, bypassing 10% altogether.

Is that good enough for you?!!

GLA

Completely jumped 10% from 9% to 11%, wow, looks like its hotting up - in and outside today!

GLA