Member Info for zeros13

From Bidstats Contract Award Notice

by LEICESTERSHIRE POLICE

hardware and Associate Consumables

A Contract Award Notice

by LEICESTERSHIRE POLICE

Source

Contracts Finder

Type

Contract (Products)

Duration

4 year

Value

£110M

Sector

TECHNOLOGY

Published

14 Apr 2026

Delivery

01 Apr 2026 to 28 Feb 2030

Happy to reply Tilburn.

She wrote in an email reply to me that COPLA is a 100% subsidiary and that the specific RNA at that time had used the term 'Affiliate' with regards to assets (maybe only certain assets??) which is what i picked up on in the RNA and i wanted clarity on from her.

There are multiple companies below COPL Group and i agree that the use of the term Affilate is confusing and should be cleared up by proper RNAs using legally precise terms but i do note that legal ownership and tax ownership can be different.

I do not blame Cathy for any confusion as it is the BODs duty to full inform ALL their shareholders on the legal and the tax structures of the Group and owned companies and to get the terminology correct on their RNAs.

I had it confirmed by Cathy a few months ago that COPLA is a 100% subsidiary of COPL Group but that COPLA assets were classified as Affilate. For some tax reason no doubt.

Another example of badly constructed and written RNAs by the Board of Directors..

Interesting Article from BBC

BBC News - AI bot capable of insider trading and lying, say researchers

https://www.bbc.co.uk/news/technology-67302788

I don't really want media posts that can be ignored by the market! OK if pretty pictures of the guys doing things.

WHAT I WANT ARE OFFICIAL RNAs!

I want the market to know officially we are full steam ahead and moving up along that diagram.

What i also want are RNAs written in clear and simple English so as to leave no room for interpretation i.e. all 9 seperators are now fully working and are being used fully.

All RNAs todate have been written to ALLOW for interpretation. THIS MUST STOP.

Eazy - thanks for the reply but i want RNA official comms to say that we are full steam ahead.

Some of my questions:

1) have either or both of the 2 confidential wells actually been drilled to target depth?

2) will any proportion of the ~$243m of available COPL losses be transferred to COPLA?

3) has the BODs applied for a RBL using the CURRENT booked and confirmed reserves?

4) will a proportion of the ~$243m of available losses be transferred to COPLA?

5) is the injector well nearest our biggest well producers now fully working?

6) does the BODs agree that they have a fidiciary duty to ALL shareholders on an equal basis as the recent payment of an invoice at 2.6p equivalent in shares when the market price was 1.8p could be seen by some that inside information was available to this creditor

SteveV

You don't need to worry about tax for a while yet as per the 30th June accounts the Accumulated Deficit was US$ 245m. This will be availble to offset against profit plus a load of carbon credits would be nice.

Fixed Assets at 30th June were US$ 105m net.

And the question is where has that 16% gone to? I suspect a big portion to our long term buyer (future JV partner) slowly accumulating in the background via their friends all under the TR1 radar.

I am not expecting a big increase in prodn for June as a supposed text from Art suggests at least one more week to go for the Canadian sourced topside kit to even gets to site; then installation, testing, commissioning and sign off etc. Then they have to open up the chokes slowly.

re RBL - why do we need $70m? We have booked reserves already and awaiting new booked reserves from 3rd CC works. How about slowing it down a bit Art and just get $35m now! Drill 4 horizontals in September and on 100% owned CC. Not good enough for you Art????

If JV (Exxon) want to worry about pence when tens of billions of sales and CO2 storeage income is at stake, then sod em'.

Every day we hope we are getting closer to self-funding.

From March 2023 Accounts (15th May RNA)

COPL Accumulated Deficit $243m

$243M / $5m horizontal cost = 48 free horizontal wells just there!

So yesterday i said that main BH is probably not selling as they have already done a deal for them. You can't sell what you don't own!

The rest of the seller is i think a small bond holder in distress (we only have to look on the TV to see who they might be) and PREM related margin calls.

In response to the supposed Art text message YES an RNA from the board would help. That is why others do them or perhaps an RNA message doesn't fit their plans.

To JV - you cannot have 8 months to make up your minds when you have a $22bn war chest just sitting there doing nothing and while you are losing money every day pumping CO2 back into the air at $85/tonne lost. Come up with the goods or get off the pot. Does 2p/3p or 10p really make such a difference to you?

Ask yourself why is this so manipulated; $30bn of sales and bns in CO2 storeage income!

Why is all this happening now? No JV would want to miss the next WYOGC drill permit meeting for 16 new horizontals. Add on 2 months for mobilisation of equipment and people and then you start drilling in September.

Well i am holding because this is very unusual.

Why do a JV when you can offer the main BH a deal for their converted 56% of shares. The main BH can't sell or convert what they don't own. Hey, the JV might just have had enough of Art's games.

I just called my broker and in total it took 4 minutes to vote.

I gave them my account number, had security questions as usual, my Statement of Account said my shares where held in a nominee company, the front desk put me through to Admin and they gave me the choice of either them doing it for me for free or they could send me a proxy form made out with my details, my share count and a reference number to file myself online. Easy as.

We have to expect that conversions will take place each month.

The Anavio fund will need to supply their group with monthly internal cost of capital payments.
Anavio don't need 56% to have control over a BOD like COPL's BOD.

COPL BOD are probably good Geologists but rubbish business and YES men.

I believe there has been a gentlemens (lol) agreement between the parties to let the Law firm get it's money out over the last week. A typical law firm has a profit margin of 55%-70%. So i suspect that given the shares traded in the last week they are probably mostly out and may just keep 10% for the inconvenience of taking shares for some super-profit.

I think it's high time we said to the potential JV partner to get 'off the pot'. Open up the full books and full reserve reports and get a bidding war going on and get someone in that will move at PACE. 6 months has been too long.

From google.

McCarthy Tétrault LLP
Exceptional diverse people delivering innovative and strategic solutions for our clients.

McCarthy Tétrault is Canada's leading full-service law firm, advising on many of the largest transactions and cases in Canada and internationally. We take pride in being able to offer our clients integrated solutions from some of the best and brightest minds in the country.

FYI - Nice Article from Watson Farmley and Williams website

"Companies with a dominant shareholder must carefully consider putting in place arrangements to protect minority shareholders."Paragraph 10, Section 4, The QCA Corporate Governance Code.

- whether the shareholder is acting in concert with any other party for the purposes of the UK Code on Takeovers and Mergers

https://www.wfw.com/articles/strategic-investments-in-listed-companies-and-shareholder-relationship-agreements/

Nubby - usual Art can't tell you, but something interesting.. i hope its steel pipe from our JV partner and pipeline building services.

I hope they mention Carbon Capture income potential in the update on 31st March 23.

Thanks Mcadder and i agree with you on your general theme. Why not just $3 or $4m to tide us over and in the MMs pricing in of ALL dilution. Pages 107 & 108 of the 1st Feb RNA Offering Material Prospectus has a lot of detail on Bond Holder redemption and ALSO on Company Cash redemption. It states on page 107, 'The Cash Payment Notice cannot be issued by the Company until the Senior Credit Facility has been repaid and discharged.' So it's NOT all done an dusted on everything being diluted...

I hope Ryan was astute enough to at least reset all the dates again as things can change in COPL's favour a bit, at >6 months and >12 months from issuance.

Where i disagree with you is on the JV being the reason for getting in all the money for 2023. I believe it is to meet the criteria for an RBL. Increasing production from CC recompletions and steel pipe tieins will give RBL lender more confidence to issue a loan.

Cash is where our geologist Art and our so called BOD have messed up time and time again. I hope the new NED really kicks them all up the arze but i doubt it.

With this last round, Art now has 'NO MORE EXCUSES.' It's time to show us what you are made of Art... you will be judged by your sustained increasing production numbers when the snow melts... or another excuse?

I hope that in our 31st March we will get some JV news. I am expecting a phased approach and i hope 100% owned CC not in it.

Total fluff up by COPL if no mention of Carbon Capture % in JV / update...

I hope the delay is sorting out COPL's share of the Carbon Credits that will DWARF the revenue from all the oil!

Let's hope our JV partner is currently working out how much 8000 acres at 100ft-240ft thickness can hold in liquified CO2 at $185/ton, (Exxon have ~60 million tonnes per year to put somewhere) being just on one of COPL's levels, being our naturally fractured Frontier 1.