Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Anavio Capital Partners LLP 0.00% 15 Jan 2024 Exemption CSE RNS (Co in financial difficulty)
Anavio Capital Partners LLP 49.30% 12 Jan 2024 Speeding ticket issued
Anavio Capital Partners LLP 31.60% 10 Jan 2024 Shareholder response to questions
Anavio Capital Partners LLP 25.30% 9 Jan 2024 NO RNS
Anavio Capital Partners LLP 25.30% 9 Jan 2024 NO RNS
Anavio Capital Partners LLP 23.80% 8 Jan 2024 NO RNS
Anavio Capital Partners LLP 18.10% 5 Jan 2024 TRI notification Atlas Capital Markets 19.2% holding
Anavio Capital Partners LLP 10.60% 4 Jan 2024 Bond conversion $1.1 million
Anavio Capital Partners LLP 9.30% 3 Jan 2024 Bond Conversion $1.1 m.
Anavio Capital Partners LLP 8.60% 2 Jan 2024 Issue of Equity from Anavio $2.5 m. further loan provided
Default Notice RNS issued 20th DEC 2023
Anavio Capital Partners LLP 4.70% 18 Dec 2023 JV Termination
Anavio Capital Partners LLP 0.20% 29 Nov 2023 Anavios lowest short position before the ramp up to 50% short
So, they started the "latest" short campaign from Nov 2023, going from 0.2% to over 50% short.
Corresponding SP was 1.7p on 15th November, to todays 0.057p
They have made money everywhere,,,
Personally, It would make me happier if I knew YOU were part of the CAG team Stas.
Given the amount of work you have put in, (And with your external contacts) I think you would be a great asset during this FINAL phase.
IMHO and not to deride from the activities going on currently...
5. The SISP will be conducted such that the COPL Entities will (under the oversight of the
Monitor):
a) prepare marketing materials and a process letter;
b) prepare and provide applicable parties with access to a data room containing
diligence information;
c) solicit interest from parties to enter into non-disclosure agreements (parties shall
only obtain access to the data room and be permitted to participate in the SISP if
they execute a non-disclosure agreement that is in form and substance satisfactory
to the COPL Entities); and
d) request that such parties (other than the Stalking Horse Bidder or its designee)
submit (i) a letter of intent to bid that identifies the potential bidder (which, for the
avoidance of doubt, may be a purchaser or an investor) and a general description of
the assets and/or business(es) of the COPL Entities that would be the subject of the
bid and that reflects a reasonable prospect of culminating in a Qualified Bid (as
defined below), as determined by the COPL Entities in consultation with the
Monitor and the Consenting Lenders (as defined in the Support Agreement) (a
“LOI”) by the LOI Deadline (as defined below) and, if applicable, (ii) a binding
2
offer meeting at least the requirements set forth in Section 7 below, as determined
by the COPL Entities in consultation with the Monitor (a “Qualified Bid”) by the
Qualified Bid Deadline (as defined below).
WHAT DATA IS IN THIS ROOM.
Does it include all of COPL assets and potential developments...
141. On February 19, 2024, the results of the third-party technical review were received. At a
high level, the review demonstrated the immediate need for short and long-term expenditures and
the material risks related to the field at the Wyoming Assets. For proprietary and competitive
reasons, the final report is not attached to this affidavit.
What is in the report... what are the "Competitive" reasons to withold this information...
Yes we all know the field would need short and medium term investment...
That began with increasing the NGL rates from October which did not happen.
Apologies Garry. It was you I was referring to in my earlier post ( Not David Barnes)
But there is a further individual also taking separate advice from KC to whom I having given my confidence to.
It would be prudent at this stage to coral all the best legal minds together this group of investors has...
Yes Stas. It is clear that Kravitz has a cloak of armour regarding his personal liabilities. I guess this is not his first rodeo.
But my fear is by the time the inconsistencies (lies) are discovered it will be too late to undo anything.
The time line is very short (deliberately imho)
Get emailing the judge to create a stir. And try to get these two KC working in conjunction with SHG solicitor to mount a final attack before the sands of time drip away....
I belive an application supported by one or two KC'S will add a lot of gravitas to this URGENT situation.
RBM the offer is out there for you and the group to grasp.
It's a no brainer for me!!!!!!
Having now read most of the documents, I come to the conclusion that the CRO is NOT investigating anything but relying on information provided by the company and its current management.
The thing that alarms me most about copls application to the courts is the inclusion of not releasing any further RNS and they hope the judge will also agree that NO FURTHER AGMs will be called.!!!!
I am now aware of two individuals talking directly to Kings Council lawyers. (DAVID Barnes offered his KC support and there is another who I have to keep confidential...)
RBM may I suggest that you take up David's offer to allow his KC to join forces. The confidential party may also offer up his KC to provide....
MAXIMUM FIREPOWER!!!
TIME IS NOW SHORT.
Get a new request in for EGM before the judge rules on Copls current application.
130. On July 24, 2023, the COPL Group announced that COPL America had executed a non binding letter of intent with an established energy company (the “JV Counterparty”) to develop
and exploit its oil reserves and resources at the CCU area. The letter of intent granted exclusivity
to the JV Counterparty for a period of time to allow for the negotiation of terms, and the structure
of the joint venture to be agreed upon. At the time it was announced, the Company was optimistic
that the potential joint venture would lead to future development, and ultimately increased
production and sales in the CCU.
131. However, on December 18, 2023, COPL announced that the JV counterparty had elected
to terminate the letter of intent and that no further discussions were planned. This was a significant
setback for the COPL Group, as reflected in the materially negative reaction of the trading price
of COPL’s common equity after the announcement. As a general matter, it will be difficult for the
COPL Group to unlock value and develop the oil reserves in the CCU without a joint venture
partner.
"As a general matter, it will be difficult for the COPL Group to unlock value and develop the oil reserves in the CCU without a joint venture partner. "
para 131 page 46...
Why did JVP walk after so long negotiating...
10th Jan RNS. Stas
COPL also disclosed it had negotiated a forbearance agreement with its senior lender and in relation to that forbearance agreement appointed a Chief Restructuring Officer.
Also 16th Jan on closing the 2.5m the Copl board appointed CRO plus team. And financial advisor.
Does not say SL would appoint. Only that they wanted one appointed imho...
Https://www.ksvadvisory.com/docs/default-source/insolvency-case-documents/canadian-overseas-petroleum/ccaa-proceedings/motion-materials/bench-brief-of-the-applicants-with-book-of-authorities-dated-march-7-2024.pdf?sfvrsn=ea3604d5_3
Page 21
Cheers again Eazy great find.
$11m.... Cant be all for legal fees...;-)