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I agree with the Harry. Certain I am not, historically speaking it’s been incredibly poor to date with let down after let down and many know I’m openly both disgruntled and also considerably down on my investment, even having increased my holding 10 fold over the years..

But why borrow so much and acquire so much asset if a no go.

Art has done his best but it wasn’t enough, it’s a tough game. It’s needed tough decisions, and it’s been painful. But we are still here.

High pressures countered with upgrading infrastructure, acquiring permits to flare. New discoveries being validated, additional borrowing to get neighbouring lands creating greater opportunities and ownerships. But the battle has been negotiating debt and deals against currently low production.

But as soon as we can operate at capacity the picture changes quickly. Probably very.

Clearly negotiating with low production for borrowing and or a partner has been complicated and we’ve been very vulnerable.

A JVP will understand the tightrope we walk but also know that our position grows stronger with every extra barrel achieved and alongside a strong crude price.

I’m not afraid to speak out about the negatives, I hold a large number of shares and at a loss. So I’m annoyed and rightly so! We’ve been led down the garden path a bit.

But surely, if the new systems work and we announce a partner that is is mutually beneficial then things should start to look much better.

I’m waiting for the days when when we see blue everyday rather than red! it’s been a long road down but it should be an even longer up if they can pull it off.

End of the day, simply it’s all about profits exceeding total debt and costs.

As stas says, we should get an update on how that side of things is going. Let’s hope it’s backed up with positive wording.

Bob I suppose a current risk would be how well the upgrades have gone. In regards to GGS etc, the odds are quite high there will be, has been teething problems / issues.

Of course the good news to that is we have flaring permissions to cope with the high pressures and mitigate some risk.

However it seems clear the company is working with an obvious goal of making it work, however frustrating it is waiting.

We know we can produce, we know we have accessible and extraditable resources and placed in a very good position for it all, geographically & infrastructure wise.

I doubt we would have got more borrowing had the potential not been likely.

Of course, it’s incredibly difficult to be invested with so many unknowns and carrots always present.

But the recent LOI, board change up does still hint that we are once again on the cusp.

It will be a battle between COPL & any JV partner/s to come to agree on both sides to compromise but there are countless benchmarks for which such deals have been made. Not to mention Legal stuff takes ages!

Thankfully we have a decent crude prices to counter our current poor production levels and obviously it’s in the companies best interest to improve that, both for cash flow & negotiations.

It is however just a shame public relations are so poor here. Understandable in someways but also very disrespectful and unmindful of its effect on the general market.

Still, although I could easily be incredibly negative about things, I’m still hopeful this will get better.

My main concern for a while has been the contempt for investors and what that might mean moving forwards.

It would be very good to get an interview to steady the ship.

Ps, to all decent posters. This week try and make efforts not to get sucked into school yard debates, just ignore obviously distributive posters, don’t become one. So much more effective. And see how much better this forum would be.

The fact they’ve organised so much borrowing and acquired additional assets / discoveries.

Stas, the company should, logically, be planning to make it work.

It might be nearing 3 years since we thought that might happen but.. maybe it’s close.

We just need them to be able to release news that is unquestionably positive for once. No double edged swords but sentiment and cash flow repairing instead.

Surely, after everything it must be due.

Will we get news this week, and by that I mean something that really finally gets think to rerate.

Surely, after all this time we must be close.

We’ve had a fair share of knock downs, can we get a few pick me ups please.

Buy oil. Look at the price just before the “going concern” RNS.

Then adjust the sp according to the dilution that came next against it.

The price isn’t 3p.

Copl has suffered from terrible sentiment due to complete lack of coms and a series of lies ( publicly documented, one being a no placing interview swiftly followed by a huge placing ) this sort of thing has happened often.

Just look at the RNS versus Sp.

You will notice every piece of news is followed by a significant fall in value.

Partly this is due to growing the business, grabbing as much asset as possible but countered by some absolutely terrible borrowing matches with misguiding information from Art.

Ifs pretty obvious that COPL need to:

- stop diluting.

- increase production

- secure better financing ( either by the unicorn RBL that we got told would be complete a year ago.. or via this potential JV )

- seriously make efforts to change sentiment.

The market views COPL as both a lifestyle company and also have priced it to fail.

A handful of us have been here for years now and still waiting for it to do what it’s supposed to.

That’s get production up so we are cash positive and self financing to make the most of a 40 year incline curve.

To date it’s been awful. It is what it is.

The time has come for COPL to get serious and start delivering. No real investor wants to get involved with this company until they start showing the market that they actually intend to support shareholders! At the moment it’s all punters and traders.

Big money will come when COPL prove themselves.

We continue to wait.

It’s a little creepy when multiple posters who are clearly the same person like to fall in love and congratulate themselves on these boards.

Ps I know this as I’m a paid troll, I’ve already made over £1 this morning

FR that’s simply incorrect.

This is why shares drift between news…

Small sells make a difference in quantity. Even a few sells can drop a percent or two.

It’s just mms making a market.

It’s fundamental.

Before social media and trading on phones it was very different.

A few £500 £1000 buys or sells can easily happen if someone is talked in, or out of a share because they use a forum as valid research..

The same people who believe news stories on Facebook etc.

It didn’t used to happen but now everyone can make a trade and there’s a lot of algorithms trading now.

This is why copl fail, the coms are so poor it allows the sp to drift due to low sentiment. A lot of old companies have no idea how much social media etc can effect an sp.

Ha yes would be so nice to retire from being a troll, this whole 50p a post thing just isn’t paying the bills lol

Interestingly stas that the 50p value placed by Art was current for that time, not including high pressure upgrades and subsequent potential output. But say 25p then for arguments sake. I can’t remember exactly what production was at the 50p comment but it can’t of been much more than 800-1200?

So if we can get between 1200-3000 by EOY ( a second year waiting for substantial change by EOY… ) then it’s probably back to around the 50p figure including dilution.

But we are struggling to hold 3p. 50p is what, a 16 “bag” from here now. That’s a lot. ( of course getting to 150 used to be only a couple of bags… just shows what a crashing sp can do to getting back to value!!

Anyway. 25-50p still seems a reasonable target to me, even if it seems outrageous to think when we at 3p. Perhaps I’m just and always have been delusional with this company.

A buy out at 5x our current sp would be 15p. So it would be a steal.

A 10x sp takeover would be low ball.

Be so good to get some clarity on up to date actual production ( and full capability ) and the JV.

Not a lot of talk of £1 or £5 anymore is there.

Have we really been diluted that much..

Lets get back to 15-20p.

then lets get some positive news.

Are we a going concern, if not then we should be valued back accordingly, minus the bond dilution,

then what 10-15p for starters.

It’s interesting how the company has stopped any of Arts “significant uplift to shareholder” comments, anyone else remember those, the way he talked for ages about production up and sp up and now look at us.. fraud comes to mind, at the very least spreading misleading information about the company.

But nothing for quite sometime, NDAs the excuse of course.

Would just be nice to get a casual interview to either set minds at ease or just confirm that they do indeed see its investors as scum.

Ha, stas, it would be quite something to learn the company was shorting itself, but they would have made a fortune…

But intothedeep I think is right, we have churned our way through yet more dilution.

Hopefully it really is a case of clearing the decks. Fix issues, clear bonds, do deal and start the rerate.

The thing here is that we are not a mining co with a huge asset we can’t get at, we are an oil co with a huge asset we can get at. The problem, just like a mining co, is the funding to capitalise and mining stocks always fly when the asset is found and then plummet over years as they try and get at it, permits & infrastructure also needed etc.

Cool has everything almost in place.

The huge debts and shares in issue ( soon to be consolidated ) should, in theory, coincide with a drastic turn in fortunes here once GSS working properly, JV concluded and production up, Which is why many hold still.

We continue to hope…

Another RNS & another drop in value.

Is the CEO shorting this.. but jokes aside.. Atomic was sold due to low production, Cuda similar, art bought them both and we now have low production and great debt.

But also a whopping discovery, but how much can truthfully be extracted, it must have been worth the risk.

But at what cost. 60p-1.5p happily trading around 15p before cash flow issues.

Some dilution but production and WTI up.

Are we all wrong about what the assets are worth,

Is it all really worth less than 3p?

The million dollar question remains.

Will we ever get a good RNS.

Know you've been here a long while too Panamabob, one of the good ones so hope you get what you invested and trusted for, the wait continues!

Haha yes you are right FG, my teeth are ground down to the gum lol. Nearly sold on the going concern RNS, with a view to buy back a few pence cheaper. it's just hard pushing sell with those big red - percentages ha.

Im very much hoping, that ( as i mentioned not so long ago ) the pain of getting CUDA alongside Atomic was was due to a much bigger picture.

It's been taken to the line, and im hoping we find out why soon.

Hopefully a seriously good JV and production up at capacity! though wouldn't be surprised of teething problems there as well initially, its a serious upgrade.