Member Info for Sol633

Trading lad, obviously not been involved in other shares concerning a leak, take a look at BPC in the last 2 weeks leading to a result or not, could give u a lot more shares to look at, but as your name suggests, your a trader. You cant shift 9 billion shares, and insiders get the shares away 1st.
Hopefully not....Ringmaster

That's the obvious answer LB28, but what is the action plan, anticipated, after the deal if done etc, or something different, if only we knew.

Just look at BPC over the past 10Yrs, a dead Cert with billions of barrels of oil anticipated, Zilch to show after the drill, very dissapointed but it's still alive, just.

CawCaw is right, only the drill bit will tell you if oil or not.

At what stage do we anticipate this coming, with over 9 Bil shares, it has to come at some stage, but when?.

Ironhide

Thank you for the reply, and refering back to

Wed, 16th Dec 2020 07:00
RNS Number : 7770I
Canadian Overseas Petroleum Ltd
16 December 2020

Looking back at the RNS, and the price of oil now, and Atomics debt, woul it not be in there intrest to say mmmm, hang on, let's have another look at this, and re-think the sale!!!!!

Trust nobody Lol

GL

So, if by chance this deal falls through, and we all know anything could happen, if you dont then your on another planet, were does the share price go.
B4 anyone says stop deramping, I need and want the deal to be done, so many carts lately have fallen through.

Also
If, and once the deal is done, at what stage and timeline would the next forward push be with the share, or would we be stagnant for a period of time. IE: Sell and come back Ltr or stay in for a very long period for the oil numbers BOPD to increase.

GL

In relation to the reply from the office, this is still hearsay until an official documented company reply is received, or listed as an RNS of were we stand. This should not be the way of communicating to an AIM board member, even if it does give a fuzzy warm feeling to some.

In relation to our investment, we are no further forward since this all went Sam fox up.

It is what it is still.

Can only sell a very small amount through H&L

Here's H - That's why they make money :-) Lol.

Can sell now

Can't sell any on H&L after the bid moved, either on route back down, or they are figuring it out :-)

GL

TRP - Not worried about getting the oil out, more worried about getting my cash out if no oil etc etc :-)

Then at 2p I would presume a verl large share consolidation first.

2nd part of my question, how is that dividend paid?

Cheers

So does a Dividend work per share held, and how is that paid????

Cheers

Lol maybe it's Malcy topping up ;-) ;-) :-)

I believe as Per the last RNS, Holding has fallen below the lowest applicable notification threshold (I Think)

Zag E, in relation to LO holding, they are now under a certain threshold, so correct me if I'm wrong!, do they now not have to notify there % holding being sold.
Cheers

Zag E - I think we have seen the last of LO to be honest, especially as they say it was against against there operational Modus. I believe, or think they will have sold all there shares by now, However, if they have made a profit on there initial investment with the lot they previously sold, then you would just leave them there and cash in.

I just can't see them piling in anymore cash, we may never see 3 or 4p again.

BWTFDIK

GL

Chesh

From Dec 14th RNS below (However, because they are still holding shares unless the remainder have been sold, we owe them nothing!!!!!, or am I wrong)

As part of the terms of the Funding Agreement, on the earlier of (i) 60 days after the date of spudding of BPC's Perseverance #1 well; (ii) 31 December 2021; or (iii) such other date where a reconciliation is permitted under the Funding Agreement, BPC may be required to make a cash payment to the Investor to the extent that the Investor's aggregate return from those new ordinary shares has been less than 115% of the subscription price. The Funding Agreement contains a number of other anti-dilution provisions and warranties customary to an agreement of this nature. The same terms will apply for any funds that may subsequently be made available to BPC under the Funding Option Agreement.

Or is it today or Tmrw Petro BPC has to make up the share difference payments??? REF: RNS Dec 14th.