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COPL Canadian Overseas Petroleum Limited

0.0575
0.00 (0.00%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Canadian Overseas Petroleum Limited LSE:COPL London Ordinary Share CA13643D8008 COM SHS NPV (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 0.0575 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs USD 28.01M USD -45.44M USD -0.0510 0.00
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.0575 GBX

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Date Time Title Posts
19/4/202410:58*****Canadian Overseas Petroleum*****15,519
28/3/202422:42◄ CANADIAN OVERSEAS PETROLEUM ►4,580
17/1/202418:44Shareholder Action14
21/11/202307:11BUY 9,433
19/10/202221:02SELL COPL281

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Posted at 19/4/2024 09:20 by Canadian Overseas Petrol... Daily Update
Canadian Overseas Petroleum Limited is listed in the Crude Petroleum & Natural Gs sector of the London Stock Exchange with ticker COPL. The last closing price for Canadian Overseas Petrol... was 0.06p.
Canadian Overseas Petrol... currently has 890,973,473 shares in issue. The market capitalisation of Canadian Overseas Petrol... is £0.
Canadian Overseas Petrol... has a price to earnings ratio (PE ratio) of 0.00.
This morning COPL shares opened at -
Posted at 22/3/2024 10:56 by strawberry alarm clock
You really couldn't make it up ... Shouston Premium MemberPosts: 6,750Price: 0.0575No OpinionRE: My letter to potential newspapers / energy websites and publicationsToday 10:07To: andreas.exarheas@rigzone.comDear Sir/Madam,I wish to provide comment on a story run by yourself COPL Makes Significant Wyoming Oil FindIt would appear that despite this major find the company COPL is now going into administration, there is evidence that the main bondholder Anavio have been shorting the stock on 90 previous occasions since first lending COPL money culminating in a 49% short position 12th Jan 2024. see data from FCA (https://shorttracker.co.uk/manager/anavio-capital-partners-llp/)Shareholders are up in arms strongly suspecting Anavio of an asset grab, using their bond position to drive the share price down 99% since they got involved in COPL. There are suggestions that they have done this before and were fined in Norway previously. COPL was discussing a JV with oil major then it suddenly stopped. Anavio may have pulled the plug when they knew the true value of the assets.Shareholder group have established a website containing some information about the potential illegal activities see https://www.copl-media.comCould Andreas reopen this topic. More info can be gained by contacting coplsharewatch@gmail.com.Thanks for helping to highlight this travesty.
Posted at 21/3/2024 10:06 by alfred neuman
A blast from the past ,,,, another great post from Shaa

shaa Premium Member
Posted in: COPL
Posts: 20,568
Price: 1.975
No Opinion
RE: Who's Buying ?12 Oct 2023 14:31
Nice post Tiburn - can we totally rule out more than one JV?

Also, JV, we could potentially have 20 Horizontal wells, our neighbour is producing circa 1100 BOPD.

I can’t remember last when I heard a small listed company doing even 5 Horizontal wells.

What this news could potentially do to our share price is unbelievable.




BWAHAHAHA
Posted at 25/1/2024 08:42 by novy kluk
COPL Action Group: Shareholders in Canadian Overseas Petroleum Limited require answers as Company loses 98% of value

LONDON and CALGARY, AB, Jan. 24, 2024 - COPL Action Group (“CAG”) and Canadian Overseas Petroleum Limited (the "Company") (CSE: XOP) (LSE: COPL).

CAG members currently own 8.1% of the issued share capital of the Company.

Shareholders of the Company formed the COPL Action Group in December 2023 as a direct result of the conduct of and decisions made by the Company’s directors (the “DirectorsR21;) led by chairman of the Board Tom Richardson.

CAG has written to the Directors on a number of occasions since 26 December 2023 in respect of the following matters:

Failure to adhere to good corporate governance.
Lack of independence of the Directors.
Lack of shareholder representation on the board of directors.
Failure by the Directors to publicly support the Company’s share price.
Failure by the Directors to act in the best interests of the Company and its shareholders.
Failure by the Directors to engage with shareholders and perform any sort of public relations/investor relations functions.
Directors have consistently favoured the interests of the Company’s bondholders over the interests of its shareholders.
Directors have allowed almost all shareholder value to be eroded, presiding over 98.5% loss of value in just 7 months.
Company’s press release of 6 September 2023 announced that Directors would receive bonds in lieu of fees, directly aligning Director’s interests with bondholders in conflict with shareholder interests.
Directors publicly stated on 6 September 2023 that shares would be sold at 4p, with bonds reset to the same price. On 6 October 2023, the Directors announced that the shares would now be sold at 2.6p with the bonds reset accordingly, a 35% drop from the previous announcement. CAG has very serious misgivings about the circumstances relating to this financing that have been conveyed to the ASC in Canada and the FCA in England.
On 6 October 2023 the Company publicly announced it was fully funded through to the end of Q1, 2024. On 20 December 2023 the Company announced it was in financial difficulties. CAG wishes to know where the working capital available to the end of Q1, 2024 has gone.
Directors have reduced the Company’s only significant source of income by stopping the injection of gas to the BFSU.
Terms of the bonds agreed with Company’s bondholders are not compatible with the Company being successful.
Until the Directors renegotiate the terms of the bonds with the majority bondholder, Anavio Capital Partners LLP (“Anavio”;), the Company will have little or no chance of survival as the terms of the bonds are so one sided that there is little or no possibility of equity investment.
Existing bond terms create a financial death spiral.

To date, the only formal reply by the Company to CAG has been in the form of the press release dated 10 January 2024.

CAG has written further to the Company requesting the following action:

Immediate provision of two board seats to members of CAG by way of shareholder representation
Immediate renegotiation of bond terms as follows:
Strike price revised to 6.75p.
Moratorium on bond conversions for at least 6 months.
Maximum of 10 bonds allowed to be converted in any 12 months period by Anavio.
All existing warrants linked to bonds cancelled.
Sufficient working capital sourced to restart gas injections at the BFSU.

In the event the Directors fail to respond positively to these requests, CAG has no confidence in the Directors and calls on the entire board to resign with immediate effect.


The Canadian Securities Exchange (operated by CNSX Markets Inc.) has not been consulted on the contents of this press release.

SOURCE COPL Action Group

For further information, please contact CAG at coplsharewatch@gmail.com
or Adam Sinclair on +447849160656
Posted at 17/1/2024 23:13 by novy kluk
The RNS' in October 2023, detailed a combination of sources of funds rasied, together with cost savings which totalled over $13 million of liquidity.

Investors were then told COPL was funded through Quarter one 2024. At that time I believe that statement was valid and made in good faith by Ryan Gaffney!

It is understood that Mr Richardson is now saying the company has only £200,000 in cash available. It's also understood that Ryan Gaffney the CFO was completely side-lined by Mr Richardson. And that Mr Richardson then took over all responsibilities of the CFO!

So apart from the obvious question, "Where has all that cash gone since only October 2023 Mr Richardson?".....it is evident it was NOT spent on purchasing gas for the BFSU! SEDAR clearly shows there was very limited gas injected into the wells!

THE CONSEQUENCES:

I have mentioned previously that it's known a number of HNW COPL Investors will be seeking damages through the courts, from Mr Richardson and Mr Gupta. I now understand that one of these actions will be based on the following:

* In October 2023 the company had in excess of $13 million liquidity available. Ryan Gaffney stated correctly (at that time) that was sufficent funding to last through until Q1 2023.

* It appears Gaffney was side-lined and Finances were then controlled by Mr. Richardson.

* Despite in excess of $13 million liquidity being available, INSUFFICIENT GAS WAS PURCHASED to permit the BFSU to function as designed!

* Being starved of gas supply by My Richardson, it was impossible for the BFSU to achieve it's potential output. Recall, even with the old low pressure system, output well above finacial break-even at 2,700boopd had been achieved in the past!

So in summary re: the HNW Investors: ONE OF THEIR CLAIMS FOR DAMAGES WILL BE THAT:

The BOD's lead by Mr Richardson deliberately starved the BFSU of gas supply in order to prevent the Unit demonstrating profitability. And in so doing, drove COPL close to insolvency! Thus handing yet more power to ANAVIO, as those actions precipitated the collapse of COPL's share price!

And there one has the case in a nut shell!

Can that be described as working in ones Shareholders best interests Mr Richardson???
Posted at 17/1/2024 18:44 by oilisgold
The Large share holder group is fighting for justice. share price was 90p then 30p last year, sunk to 10p, then 3p, then 0.04p. It has wiped out many. JV talks were ongoing and talks were of getting to 1pound. Yes share price at 1 pound. But these hopes were dashed. Justice needs to be bought for those investors in LSE, many of whom had family invested in that share. We can only support them.in this fight
Posted at 16/1/2024 14:41 by herecomesthesun
CRIKEY King Tiburn ?


User: Tiburn
Posted in: AAOG.L
Price: 11.50
Recommendation: Strong Buy
Date: 10 Apr 2019 10:03
Subject: AAOG Growth Scenarios

Year 1 and year 2 AAOG development scenarios for critique

Year 1 Production:

• Well 103 does generate 1500 bopd
• Well 104 hits Djeno and generates 5000 bopd
• 6500 total bopd production year 1
• 56% is retained - no % increase, SNPC debt repaid over time
• Brent $71 price per barrel – reduce to $61 to cover $10 extraction costs
• Production 28 days a month average
• Revenue after tax and costs of £37 million per annum
• P/E ratio of 10 = £370 million market cap
• Share in issue 238m
• share price potential £1.55

Year 2 Production:

• 2 further Djeno wells into production (if 104 hits Djeno oil, why produce from Mengo?)
• Well 103 stabilises at 1000 bopd
• Total production assumed at 16,000 bopd
• Same base assumptions as Year 1
• Revenue after tax and costs of £91 million per annum
• P/E ratio of 10 = £907 million market cap
• Shares in issue 238m
• share price potential £3.80



potential £3.80 per share ?


REALITY was:


3 boepd and BUST


another LSE tosspot that needs to REVEAL THEMSELVES


bwahahahahahahahahahahahaha :)
Posted at 12/1/2024 11:52 by pwhite73
No RNS required when the shares are going down for it is widely known that the stock is being shorted and forward sold.

An RNS was required when the share price did a 130% rise as the company had to make it clear the terms and conditions with the SL and the bond holder had not changed.

PIs still don't get it. They think the bond holder sticking to the placing price of 0.15p is good for the share price, it is totally meaningless at this stage.
Posted at 12/1/2024 11:35 by tomboyb
Canadian Overseas Petroleum Ltd Share Price Movement (5707Z)
12/01/2024 11:34am
UK Regulatory (RNS & others)

Canadian Overseas Petrol... (LSE:COPL)
Intraday Stock Chart

Friday 12 January 2024

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TIDMCOPL

RNS Number : 5707Z

Canadian Overseas Petroleum Ltd

12 January 2024

Statement Re Share Price Movement

London, United Kingdom; Calgary, Canada: January 12, 2024 - Canadian Overseas Petroleum Limited ("COPL" or the "Company") (XOP: CSE) & (COPL: LSE) notes the recent movements in the price of its common shares.

Other than those circumstances disclosed by the Company in recent weeks, the Company is not aware of any operational or corporate reason for the price movement. The equity financing announced by the Company on December 29, 2023 is expected to close next week on the terms that were announced.

About the Company:

COPL is an international oil and gas exploration, development and production company actively pursuing opportunities in the United States with operations in Converse County Wyoming.

For further information, please contact:

Mr. Tom Richardson, Chairman

Mr. Ryan Gaffney, CFO

Canadian Overseas Petroleum Limited
Posted at 09/1/2024 17:45 by oilisgold
Got to admit,in my 5 decades of trading , copl board has to be up there as one of the most corrupt. I mean share price has gone to 0.008p. If last year someone had told me the share price would be 0.1p, i would have sent them to mental institue
Posted at 04/1/2024 11:45 by herecomesthesun
RBMInvest
Posted in: COPL
Price: 0.1125
Today 10:00
Canadian Overseas Petroleum, Large Shareholder Group
Over the past 48hours, there has been growing speculation over ‘a letter’ having been sent to the BoD of COPL. There is a group of large shareholders (a group holding well over 20% of current shares) who are actively working to safeguard the interests of ALL shareholders. This group sent letters to several parties suspected of being complicit on the 1st of January 2024 highlighting their severe misgivings with regards fiduciary duty and a potential conflict of interest of the COPL BoD. They have demanded immediate actions be taken to. For legal reasons, this letter will remain private for now.

In addition, this group of influential investors have taken legal advice and are acting upon it, right now, with a view to class action legal recourse should these actions not be taken. They have also contacted press outlets in the UK, Canada and the US with a view to releasing all pertinent details should these actions not be taken. They are in active contact with regulatory bodies in both the UK and Canada. They are in contact with their political contacts within the UK, Canada and the US.

The purpose of the group is simple: to pool their considerable resources and ensure that the COPL BoD are acting in the best interests of both the company and it’s shareholders, not those of the COPL BoD and their bond holders colleagues, Anavio Capital.




269 million shares once worth upwards of £100 million now worth £300k and they think of themselves as INFLUENTIAL


seems to be quite a few more DELUDED CLOWNS over on LSE than I first thought


bwahahahahahahahahahaha
Canadian Overseas Petrol... share price data is direct from the London Stock Exchange

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