Member Info for SteveV

Well who knows? All those short term objectives sound a bit woolly/aspirational not just the JV.

However, I do feel quietly optimistic that COPL will come good this year.

Speel, the JV is still very much on the agenda. If you look at the short term operational objectives on Sedar.com

The Company's short-term operations will focus on:

• continuing and increasing production of its Wyoming assets;

• further developing the facilities to handle gas injection and increased production capacity at the BFSU;

• recompleting up to 6 existing cased wells in the Cole Creek Frontier 1 sands to increase oil production;

• drilling new wells in the BFSU and the CCU areas;

• establishing a joint venture with a large oil company with operations in Wyoming to appraise and develop

the Company's deep oil discovery;

• refinancing the Senior Credit Facility ("SCF") to reduce the Company's cost of capital (see "Capital

Resources and Liquidity – Indebtedness"); and

• maintaining the Company's environmental, social and governance ("ESG") operating credentials.

For what its's worth, I had a reply from Kathy yesterday.

Seems like the rebranding and consolidation is in preparation for a possible US listing.

U.S. investors love investing in US companies.

Any consolidation will be to achieve that objective....which will NOT require 1000:1

Think people thought Q1 would be much worse due to known technical issues and severe weather.

Should end up blue today.

I think things could be looking promising for COPL.

BUT why did they have to shoot themselves in the foot by saying 1000:1

Could have easily said 100:1....for the time being.

Maybe it was a typo and they are too embarrassed to admit it .....lol

All COPL had to do to allay shareholder concerns was to request something a lot les than 1000:1. But they didn't and it has worried a lot of people, which suggests how out of touch with market reactions to what they say is.

IF they had made a statement saying they were requesting 100:1 and the reasons being were to go for a possible US listing AND also attract institutional investors AND potential future fundraising we would all have been congratulating them. SP would have taken off.

They could always opt for more consolidation in the future if they really needed it rather than propose such a huge one right now.

"....They looking to trade on senior US exchange and want share above $1.Will also make it more difficult for short sellers to f--k with share price..."

Great, all for that.

BUT why 1000:1. Current sp of 5.5p at 1000:1 is £55. 100:1 would be more than adequate at £5.50

I do think the the 1000:1 is a mis-step by COPL if Art thinks he can get that by investors by suggesting that they are not "savvy " enough to appreciate the benefits.

We are not stupid. We know consolidation is not dilution on the face of it. BUT the scale of the potential consolidation would only be necessary IF major refinancing is being considered.

A statement by the company would be very much appreciated to clarify the position.

Are we getting the RBL, are we getting the JV, OR are we getting another huge fund raising to send LTH's into oblivion.

The traders in the short term will be simply tracking the converting bondholders I would imagine.

Buy in the low 5's and sell anything around 6.5p.

Those converting will dry up soon, or eventually, and of course we hopefully have VERY good news to come, probably before the AGM at the end of the month. If I was Art I would be working very hard to get the JV signed off before then.

Yes Art should be focused on getting production up and getting the JV across the line

rather than frightening private investors with a potential 1000:1 consolidation.

Yes we know that is not dilution of itself and can be beneficial to attract institutional investors who wont touch stocks

with les than $4 sp (in the U.S), however our current sp of 5.4p at 1000:1 would give an sp of £54

That is way over what would be needed for the benefits, so kind of imply LOTS more fund raising in the future. A 100% placing would give an sp of £27

Well it isn't going to happen any time soon regardless.

Need to start making big in roads into increasing revenue.

I do think this year will be pivotal, and we could well be doing rather well by the end of the year.

3-5000bopd and a JV. What price the sp then?

Yes but Art says alot of things that turn out not to be the case.

All operation in US, proposed name change and consolidation..... screams US listing to me.

The proposed consolidation is, in my view, all about preparedness for a NYSE listing.
Got to be good news.

https://finance.yahoo.com/news/5-threshold-trading-strategy-explained-180144123.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAJNhjHc9HG9BfI0St1HXP51gErEwf-0MASTM4mMtGvl5KytLz3PxszzvmmDM1yVEbn_zKkoA0gJEeFmOX3lfWEBjtAI2az9h3kEZSpKS0lQZIpWyywJDgAfMhM85HbR1WuK4n5I35IdQ-nnpXny_P54IEAjaJDBmgbOp2e-wj0bj#:~:text=Stocks%20that%20trade%20below%20%245%20are%20considered%20so%20risky%20that,fall%20below%20the%20%245%20mark.

prophet...profit !!!

I think the only option for beleaguered shareholders is , if possible, top up every time there is a bond conversion.
Take the cheap shares from the bondholders cashing out. They are NOT investors. They don't care less about COPL. Their cashing out has no reflection on the merits of the prospects of the business, just churning prophet for them.
The dilution is frustrating, but there has never been a cheaper time to maintain your share of the business.

Prophetus, If you think the sp is heading back to the 4's "for sure" then surely you should be selling your entire holding.

I would happily take then off your hands for 5p

Cant see it getting into the 4's. Bondholders would be making a loss then.

I've had another top up at 5.5p today.
The way I see it my best option is to get aligned with the bondholders. I have been trying to double my holding.
Almost there.
My plan will be to exit in stages after each of my buy prices has generated an acceptable profit to me.

Well I think we all thought the oil would come out of the ground quicker and easier.

Things don't always work out how you hope.

BUT I do think the oil WILL come out of the ground quicker and easier than has been quite soon.
I am expecting well over 2000bopd when the high pressure pipe is in and a slow ramp up to 5000bopd in the medium term.

Not sure if it IS insider dealing relating to a JV.
They are being paid in shares not dealing them. And also a JV with a large oil company is also already in the public domain.
The name remains behind NDA, however a JV agreement with ANY large oil company would affect the share price.