Member Info for wwal17

And inevitably you always stop off at overpriced service stations along the way!

Bitterness can affect your judgment doge.

@tuvok I have shared your frustration but these deals are complex, Art alluded to it himself that timing is everything. I’m now of the opinion that the poor placing terms and bridge loan are just a short term solution to get the deal over the line. Like a poor mortgage rate to secure your forever home until you can prove equity and lend on better terms when your 2 year fixed is up!

If/when we secure the commercial loan, the CNOOC purchase will be a no brainer….unless a major gets there first. Either way, happy days.

@ Tuvok, my guess/hope is Nigel will earn his crust negotiating the terms of the reserves based lending facility with a commercial bank.

I also thought his comment along the lines of “you have to raise a $ to make $2” was interesting, maybe he believes the SP currently should be double… a bit of wishful thinking but I’d rather that than be down in the dumps.

I’ll be buying more.

Well done Art, credit where it’s due. That was a stonking good interview.

See Art, just a monthly update similar to this brings us all together!

Roll on August and some key news flow between now and then. Interesting he referenced a JV, I can see a takeover myself.

Re: interviews.

From Cathy “ I believe Arthur will be ready to so interviews once he can speak about the Q1 results that are expected in May.”

Thanks for the offer DJH or Coplhodler, whoever you are. Maybe when we get back in the 30s, I need a good laugh.

He is deceitful Bob, that has always been a worry of mine, he has history for telling porkies. Cathy claimed she didn’t know anything about him saying there wouldn’t be another placing in that proactive interview, insulting shareholders intelligence to say the least.

On the flip side, the asset speaks for itself, assets alone worth over 300 million when production increases.

Dilution was always inevitable, maybe there was a lack of appetite in the 30s..again this is down to the CEO not selling the asset via robust comms, my theory is that this was all by design to fill Arts pockets as well as his chums.

Just have to take it on the chin, and hope value will out… this will happen as long as no more placings and increased production, the oil should now start paying the bills instead of us shareholders.

I prefer this new found positive outlook Ironhide…considering you said this business was “going to the wall” 1st April.

Keep it up mate, it’s refreshing.

Coplhodler, are you DJH in drag clothing?

The spread here is ridiculous. Any idea when final results are due?

Just a reminder to genuine investors, replying to posts with negative titles is playing into the hands of the negative posters.

As for the dog, you said back in November “ Not just a dreamer but big dreamer. Bye peeps. I won't be back here until this dog share get down to 10p. Bye all”
Take your losses on the chin mate, misery loves company an all but give it a rest.

Tiburn is probably like the rest of us p#ssed off with yesterdays poor value placing and is licking his/her wounds.

I look forward to his/her thoughts on latest developments.

My 2 pence worth, Art and his chums know the value here and they want to milk it, my hope is that once they’ve done milking (hopefully no more sh#t placings), we will all be able to sit around the table and eat Wyomings finest beef!
The next 4 months is pivotal, sentiment is on the floor, we need to see production ramped up, I hope you’re reading Art, loyal shareholders are owed a bit of value, not just you and your chums.

Just so I’m up to speed, when we get back up to 25p-30p levels, what will be the derampers rhetoric then…another placing?
Or can I assume you’re all fully loaded now so we can get on with the positives…

“the reason Mr Millholland purchased a lot of shares at 35p is because he knows that this asset will provide huge upside for shareholders.”

Fair response I suppose.

Agreed Devil but there is still massive upside from here, todays SP nowhere near reflects our NAV.

Arthur Millholland, President & CEO, commented:
"We remain fortunate to have a strong and supportive equity ownership base. We are taking this opportunity to ensure they can participate in our future expected success and fund the proposed expansionary capex that will be associated with our new and increased ownership in our flagship assets."

COPL Completes $13m Accelerated Bookbuild at 20 pence per share

London, United Kingdom; Calgary, Canada: April 19, 2022 - Canadian Overseas Petroleum Limited ("COPL" or the "Company") (XOP: CSE) & (COPL: LSE), an international oil and gas exploration, production and development company with production and development operations focused in Converse and Natrona Counties, Wyoming, USA, is pleased to announce that it successfully completed an oversubscribed accelerated bookbuild process.

The oversubscribed accelerated bookbuild process announced on April 19, 2022 has raised gross proceeds of USD13 million. A total of 49,930,000 units of the Company (the "Placing Units") were placed by H&P Advisory Limited ("Hannam & Partners") and Tennyson Securities (a trading name of Shard Capital Partners LLP) ("Tennyson Securities") (the "Bookrunners") with institutional investors at a price of 20 pence per Placing Unit. Each Placing Unit comprises one common share in the Company (each a "Common Share") and one half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant shall entitle the holder thereof to purchase one additional Common Share, exercisable at 24 pence per Common Share for the period of 6 months from the Settlement Date (as defined below) of the Placing Shares.

The 49,930,000 Common Shares comprised in the Units to be issued pursuant to the Placing (the "Placing Shares") will, when issued, be credited as fully paid and will rank pari passu in all respects with the existing issued Common Shares. Settlement of transactions in the Placing Shares is expected to take place, through depositary interests ("DIs") within the CREST system, on or around 22 April 2022 (the "Settlement Date").

The net proceeds of the Placing, in conjunction with COPL's other financial resources, are intended to be used for facility upgrades and drilling activities, and for general working capital.

Applications will be made to the FCA for the Placing Shares to be admitted to the Official List and to the London Stock Exchange for the Placing Shares to be admitted to trading on the London Stock Exchange's main market for listed securities within the next twelve months, in accordance with Listing Rule 14.3.4. Following the Placing, , the Company will have a total of 244,449,464 Common Shares issued and outstanding. There are no Common Shares held in treasury and therefore the total number of voting rights in the Company is 244,449,464. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.


Arthur Millholland, President & CEO, commented:
"We remain fortunate to have a strong and supportive equity ownership base. We are taking this opportunity to ensure they can p

It’s almost as if the SP is being manipulated! This never happens!

Is the closed period finished now so insiders can now purchase shares? Art claimed to have wanted to buy more, perfect opportunity for him to put his money where his mouth is…