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It seems that in ALL of the geologists, accountants M&As specialists etc. involved in the 15 months of JV talks there is not ONE whisleblower.

Perhaps the reason is that their was NEVER a genuine JV.

1 Billion barrels of OIP a large/major oil company involved. And nobody is talking! WHO WAS IT?

Well well, just looked up CORO and what do i find. James Parsons (Chairman Ascent resources) and Marco Fumagalli (Non Executive director Ascent resources) Now i am a LTH in Ascent and we long term holders are waiting on the outcome of a NO WIN NO FEE case which is coming to a conclusion hopefully shortly. It is a familiar story of LTHs being duped etc.etc. The two individuals above have been taking their extremely comforting salaries for a couple of yrs while the lawyers do their work, Tom Richardson CORO chairman is in good company i would say. BTW Colin Hutchinson Ascent resources chairman, rode off into the sunset with his saddlebags full from Ascent many moons ago. Seems these guys run in packs.

Specifically, they have to comply with three fiduciary duties: care, obedience and loyalty. If board members understand and embrace these responsibilities, they can fulfill those duties and hold their fellow board members accountable to do the same.12 Jun 2023

(Please feel free to pass on far & wide)

Is this the RS report dated 31 July 2022. Very detailed. If you Google COPL-31Jan2023-Public-Prospectus(0).pdf (Says pipework due to complete August btw)

@Careful

Private audience? I doñt have any idea what your talking abot. Where did i supposedly report this?

What time BST is the AGM please? Tomorrow?

1 AM definitely trying his best for a JV from a difficult negotiating position. Would have liked to have heard more about a straightforward ¨for sale¨ sign going up. (An auction!) I got the impression if he pushes too hard they may walk away. However that is the art of negotiation which AM prides himself on. I read once that the best deal is one were ¨BOTH PARTIES WALK AWAY BELIEVING THEY COULD HAVE DONE BETTER¨ 2 RYAN non existent, a big disappointment. No input at all. 3 He did explain safety issues that they had, had to deal with. 4 RS report - he covered reasons for not going totally public. Shorters he did mention ¨burn them¨. Buying out our debt is still a main aim, in time of course. 5 Compensation was not covered adequately in my opinion. Mentioned his daughter etc. and how well qualified she was. Which is fair enough. Is a high salary though i reckon myself. Summary is they are all working hard (dont we expect them too though?) Boils down to trusting AMs skills in the crucial JV negotiations. A good negotiator should always try to have something up their sleeve ..................Plan B???

Compensation vs Market: Arthur's total compensation ($USD1.39M) is above average for companies of similar size in the Canadian market ($USD177.68K).

Compensation vs Earnings: Arthur's compensation has increased whilst the company is unprofitable.

1 If the JV s terms are not good enough then surely ART has to go. 2 ART is a good geologist , yes, but the company now needs a businessman. An experienced M&A oil specialist short term maybe. . These fields are ripe for pension fund money. They look for long term revenues COPL has 40 yrs at LEAST! 3 If 1 above is not up to the mark then 2 should follow. Now is the 11th hour, we cant allow any amateurism, anymore. Time for plain straight talking and transparency from the BOD.

Been here a few yrs now long before ATOMIC etc. over a 5 fig sum invested. Now i see all the danger signs of disaster looming. Noticed a few times AM has mentioned the ¨liquidity¨ London has to offer. I wonder now was that an invitation for lenders to come in and take advantage of the retail investors? Classic case of transferring money from the small guy to the big guy. Am thinking now AM has maybe raised cash from the BHs and has left us with very large debts. After the RS report i posted here that now we were entering an accountancy phase, a need to raise money to take us to the development phase. A move from exploration to production. I dont think AM is the man to take us to the JV/development over the next few yrs. There are millions of dollars at stake here. The salaries the directors are on are well enough to warrant far more experienced guyss i think than the BODs we have now especially looking at their whole packages. Not to mention Caths. There time is up. AM has done a good job finding the oil, but developing this giant is a step too far for him i think. Have a look at any terms in a JV by all means , if there is one, as we are so far down the line. It is time tho now for shareholders to take control and take the company to the next level. In the next 2 months with a more heavyweight BOD.

The Alternative Investment Market (AIM) is a specialized unit of the London Stock Exchange (LSE) catering to smaller, more risky companies. The companies listed on AIM tend to be smaller and more highly speculative in nature, in part due to AIM's RELAXED REGULATIONS and listing requirements. (Investopedia)

Https://www.fool.co.uk/investing-basics/understanding-the-market/share-splits-bonus-issues-and-share-consolidations/

Simple examples and reasons for the above, given here. Hopefully reduces the amount of disagreements on the subject. BTW to the person who stated that 90% of people here are thick, how is it you refer to COPL as an AIM company? (And you have for 2 yrs!)

This will be an equity consolidation, probably. Only a certain amount of COPL may end up in the new company perhaps not necessarily all of it. Though as the RNS stated a new company name and not ANOTHER company, for the JV i presume COPL will cease to exist. It could be an exceptionally good opportunity for existing LTHs with COPL finally not hampered with great debts to recoup losses. I would think anybody with a very high average might seize the chance. The oil is there its not going anywhere. CARPE DIEM

Posted here by someone. I think a very gd read.

https://www.griproom.com/fun/10-signs-your-company-is-about-to-be-acquired

1000:1 and .005p

If a CEO is guilty of incompetence, misre

presentation or lying deliberately, he or she must surely be subject to some kind of penalty. Perhaps the price is heading towards .0005 p and would need a 10000:1 consolidated to bring it back to 5p

Is the registered office in Canada still - YES
Are the operations in Canada NO
Are they overseas i.e. USA & Nigeria - YES
Are we still in the petroleum business - YES
Hence CANADIAN OVERSEAS PETROLEUM.
Presumably then we are going to be told about a very significant change to the companies business we do not know anything about yet.
However the circular states ¨The Company believes that the Name Change is in the best interests of the Company in order to reflect current business activities of the Company. ¨
NOTE it says CURRENT. Not FUTURE. So what has changed then?

Just looked at SEDAR but dont see any new filings. Where can i find the info on ¨ name change, consolidation ¨ etc.

How many shares have been issued since the JV negotiations started? Anyone know. The ¨potential partner ¨ presumably doesnt want to be giving away millions of more $s to them as they negotiate.