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Who are, "OSLER, HOSKIN & HARCOURT LLP" representing?
The doc is addressed to them as the court is expecting some kind of appeal from them. ? ?
Agree that previous and current BOD should not be immune from further action!!
Nice. Well done Yankee....
"Furthermore, the FCAâs Market Oversight Directorate (MO) is responsible, amongst other things, for monitoring compliance with the Short Selling Regulation (SSR) and the UK Market Abuse Regulation (UK MAR).
MO have been made aware of your complaint.â
The noose tightens a bit further.. ;-)
Angus, take some confidence from the fact that the firm of solicitors are offering a now win no fee deal.
This would indicate that the legal team firmly believe we have a strong chance of recovery, or why would they dedicate hundreds of man hours for no pay....
Given the amount of evidence of wrongdoing sloshing around, especially that short tracker detailing Anavios position at key stages of COPL development is very telling.
https://shorttracker.co.uk/manager/anavio-capital-partners-llp/
Keep calm and carry on with your daily life. CAG and Mr Cotter will be in touch.
Quote of the week so far...
"but itâs being done quick as COPL have no funds so not sure there is much to argue/change in the process we are within now."
COPL were "allowed" to be granted funds... exclusively by Anavio. Both for new GGS - $4.5m (seemed to have worked a treat) And - $2.5m to prime the field with NGL back toward 5 to 8 mcf per day systematically bringing up oil production. Enough to get beyond 2k per day b/e point.. (Each taking huge swathes of ownership!!))
WYOG evidence suggests nowhere near $500k/m was being injected following successful GGS upgrades.
Then Mr Tom Anavio said he was stopping injections, and we suddenly had no cash. And btw JV dude suddenly and without explanation, fukced off??
Notwithstanding the above , the filed is currently producing 1000 barrels per day........
Alfresco. It will be interesting to hear Andy response as to whether the additional pages were part of his original submission to copl....
Also nice to see some are rattled by Stas whistle-blower thread...
Squeaky butt time for those who are guilty...
Jonathan Gant, senior campaigner at Global Witness, said: âExxon and COPL structured a complex deal to buy their oil licence, although as our report published today shows, the block they bought had questionable origins.â
Would it be worth trying to track down Jonathan Grant to suggest COPL seem to be doing the same again ??
SteveV.
"The company shouldn't be bust but securing new funding to take us to the next level."
I thought we HAD secured the funding (at least) to end of Q1 24, even restructured the hedging, and made some cost reductions, that should of freed up cash for NGL injections to ramp up production of the new GGS that was installed in time and under budget.
I guess I was dreaming....
Interesting point of view from Eazy, posted on TG earlier....
"At the time of the report in 2022 there were no wells re-completed or producing from the Frontier 1 so that weighed heavily on the technical analysis givenâŚ
Since then COPL and the JVP have completed substantial due diligence on the field which improved the case and two big events happenedâŚ
⢠COPL successfully re-completed CC 11-27 in January 2023 for the Frontier 1
⢠COPL successfully re-completed CC 12-23 in May 2023 for the Frontier 1 which confirmed oil below the âoil down toâ level in Cole Creek which wouldâve increased the OIP
A new report wouldâve boosted the OIP and estimated recovery factor imoâŚ
Itâs good the report from 2022 is out as now any interested parties can potentially have a sneak peek before going into the data room to look at the additional information."
My words..
The leaked report yesterday also alluded to the fact that further drilling was being planned for q4 2022 and beyond. So maybe there is a chance that if RS did a further report things may look a bit different....
Art, can you face being locked up? You are getting on a bit now, and life inside is not going to be good for you.
When was the 5th Aug 2022 press release "modified"?
Who sanctioned the doctoring of this release?
What was the purpose of updating the document months after it was released?
Is your daughter (also Elizabeth) implicated in any of this?
Enjoy your sleepless nights.
YOU WILL NOT GET AWAY WITH THIS !!!!!!!!