Member Info for sportbilly1976

RTO - suspension normal in this respect.

Suspect it is because the share price & market value has not risen as AM expected and so COPL is still smaller than Atomic in size

imo the large trades at the close yesterday were the residual of Hadron closing. FCAP also shifted off the offer and they have been facilitating the share sale.

Be nice to get a rns confirming this before official confirmation of Atomic completion too

Total daily volume just over 1.8bln shares

current shares in issue are 9.4bln (recent placing shares not yet admitted), so this is c. 20% of the total shares in issue being traded in one day!

add in the 300mln trade from Friday...the residual 3.3mln easily slipped through too.

there's your trade

819 0.349 333500000 O 0.35 0.355 17:03:36 333,500,000

14bln shares in issue so initial notification threshold is 3%, 420mln shares

Hadron potentially selling down their remaining holding? there's 636mln of shares to be bought, over and above any pi's trading since the .2/.25 levels

Transformational news to come...others have their own reasons to sell...use this as an opportunity .

watch the MMs selling - FCAP/MREX recently

once they move then (imo) the Hadron stock has been shifted and we will see a truer reflection of the buys/sells with the share price. Until then, use this opportunity to buy and top-up

what percentage is 100mln of the total shares in issue?
quite possible that even an existing 3%+ holder could purchase that quantity and not trip over the next percentage threshold...

How do you know what the placing is to pay for? they have not specified it's purpose

Email reply from Cathy last week: "All is good though and you will see more about the use of proceeds soon."

Some will buy in anticipation, others will wait and happily pay more after it is confirmed.

If we can virtually clear the seller with the early buyers, then those waiting (generally II's too with more firepower) will not have the luxury of cheap seller stock to fill their orders.

needs buying pressure now the offer has ticked up - buyers seem reticent to spend that extra 0.05p

...and then sellers not to take the additional 0.05p once the vid moves too!

rumours of a pre drill buyout...certainly seems leaky

http://www.canoverseas.com/wp-content/uploads/2021/02/COPL-Atomic-Corporate-Acquisition-Presentation-02-21.pdf

From this, the wording doesn't explicitly state but my reading is the WI x expected/actual BOPD

"A Game Changing Acquisition for COPL cont.
5
• The Operated oil fields are new (Young) oil producing assets, at the beginning of their 40+ year life, current
inclining production (see page 16) growth from gas/propane miscible flood implemented as a secondary recovery
scheme shortly after the delineation/development
• Barron Flats Unit (57.7% WI): Miscible Flood commenced December 2019. Production increased from c. 200
bbl./d to c. 1,400 bbl./d (2017 to Sept 2020) with a forecast 2P production rate plateau of 5,000 bbl./d (page
16) in 2022 (Ryder Scott Report).
• COPL re-simulated BFU plateau production (January 2021): 7,000 bbl./d at 10 MMCF/d gas injection
rate (page 17)
• Cole Creek Unit (66.7% WI): Field Limits defined by drilling, Miscible Flood to be commenced upon plateau of
Barron Flats Unit production. Forecast production rate plateau of c. 3,500 bbl./d under the 2P reserves case
(Ryder Scott Report) in 2026.

htTps://twitter.com/Dobbo761/status/1370339099022884869

big gap to the next MM after FinnCap

IG usually allow quotes to come back when over stated offer

eg - 15mln buy quoted at .39. 5mln currently at .35 still

£40k? 11mln shares? - IG quoting .3801 for that quantity

max quote I'm getting at .35 is 2mln, 2.5mln is .3525

Copied across from Edegin's post on advfn:

For folks that don't realise how cheap these are they should take a look at KIST today. They're acquiring just under 20mmboe of mainly gas for 220m EUR. Gas price in Europe is at the winter high of $6/Mcf or about $36/boe (summer low tends to be about $2/Mcf). WTI in comparison is about $65/bbl. Art is about to complete on 31mmboe (circa 30mmbbls light oil) for a fraction of what KIST are about to pay for much smaller European gas reserves. That just goes to highlight the quality of the deal that AM has got us here, market will realise this in due course.

€200mln for 20mmboe (KIST). $54mln for 31mmboe here

done my small part...1mln at .342 just added..12mln now

11bln shares in fact - more than currently in issue!!