Canadian Overseas Petrol... Share Discussion Threads

[deanroberthunt] 08/5/2017 08:53

0.5p placing

[deanroberthunt] 08/5/2017 08:50

don't think mukka will be purchasing any privte company jets in this entity...

[lithological heterogeneities] 05/5/2017 19:36

from lse bb today

blueblood
"1st quarter results are due out a week today 12th May in line with TSX listing requirements. Let's hope we get full update on funding for Nigeria and plans for 2nd drill at Liberia in next 6 months."

[lithological heterogeneities] 28/4/2017 16:20

FROM LSE BB:

Q1 filing due in May.

Could be the start of newsflow again hopefully?

[lithological heterogeneities] 28/4/2017 10:11

FROM LSE BB:


Canadian Overseas Petroleum Limited (COPL) is listed on the TSX Venture Exchange under the symbol “XOP” and on the London Stock Exchange under the symbol “COPL”.

+
TSX Exchange Corporate Finance Manual
December 22, 2016

“Minimum Price Exception” The Exchange will not generally permit Listed
Shares to be issued from treasury at a price less than $0.05 nor will the Exchange
generally permit any securities convertible into Listed Shares including incentive
stock options and Warrants to be issued with an effective conversion price of less
than $0.05 per Listed Share."
-----------------------------------------------------------------------------------

Therefore,under TSX rules, unless COPL get a waiver, then they must carry out any fundraisings at a MINIMUM price of CAD $0.05.

Currently, this equates to 2.8p/share on the LSE.

[lithological heterogeneities] 28/4/2017 10:10

FROM LSE BB:


Yes,the new presentation was good news and backed up my belief that Exxon will drill a second well as "Post drilling analysis suggests this is a local aberration" and they are now "incorporating the well results into it’s re-interpretation of Block LB-13".

The big question is...why release the new presentation now after months of no news?

For me this means they are about to re-start Corporate activity, maybe a fundraising or the release of the re-interpretation of LB-13 results and,if we are really lucky,news of a second drill.

Regarding a fundraising, they only had $2.5m at 31 dec 16 and have publicly stated (29 mar 17) they need to raise funds. However,one very important fact that arose before Christmas was that several posters confirmed that, as COPL's primary listing is in Canada, their stock exchange rules say they must raise funds at the equivalent of 3p/share.

This could make it very difficult at the current share price and situation but if they announce a second drill it would be very easy and massively oversubscribed as they were "carried" to the tune of $120m by exxon so still have a free carry for the 2nd well.

Personally, I prefer to believe there is a very good reason to release the new presentation now, especially with the all important comment of ""Post drilling analysis suggests this is a local aberration" .

Something is going on causing the new presentation release and I am hoping its news of the re-interpretation and 2nd drill followed by a fundraising above the 3p equivalent in Canada.

I have much more confidence in a 2nd drill now and perhaps well before the 25 sep 17 date that they must do it by.

The risk/reward is now ALOT better imho.

[lithological heterogeneities] 28/4/2017 10:09

FROM LSE BB:


So the question has to be...

Why issue a new Presentation now,after all these months of no news?

I suggest that,as Ryeguy pointed out below, its because they wanted the following made known:

• First well drilled in December 2016 failed to intersect hydrocarbons due to a
unexpected velocity anomaly which mimicked a strong hydrocarbon attribute
• Post drilling analysis suggests this is a local aberration
• COPL is incorporating the well results into it’s re-interpretation of Block LB-13

Why are they telling us this now?
Why are they telling us that the duster was due to "a local aberration"?
Why are they telling us that they are now "incorporating the well results into it’s re-interpretation of Block LB-13"?

For me,this is the clearest sign yet that Exxon intend to drill a 2nd in which COPL have a "free carry".

Is this the start of a recovery soon?

[lithological heterogeneities] 28/4/2017 10:09

New Presentation
27 APR 2017



• First well drilled in December 2016 failed to intersect hydrocarbons due to a
unexpected velocity anomaly which mimicked a strong hydrocarbon attribute
• Post drilling analysis suggests this is a local aberration
• COPL is incorporating the well results into it’s re-interpretation of Block LB-13

[lithological heterogeneities] 27/4/2017 08:00

hard to keep up with the posts

[phoenix equity] 13/4/2017 12:32

I'll happily take part in the 0.5p placing.

[ronjoe77] 29/3/2017 15:43

if you go back to the day that all the banks got caught out 2008,RBS the only big company that went to the wall was big As...cos big A is no bizz man he is a rock doctor...& got caught with his pants down...when RBS was closing the doors big A was looking at rock samples on his jet..Now football kicks off at 3pm ( sometimes )

[ronjoe77] 29/3/2017 15:09

whould not put 1 penny over the French boarder...GKP all over again sry nickmann...anything in that part of the world is soooo risskkky...

[ronjoe77] 29/3/2017 15:06

88e is the baby..but will still take a massive investment to get it to market.
bit like HUR & SXX...this lot are finished..if you cant see it well..what can I say maybe football bets is the way forward 4 u

[ronjoe77] 29/3/2017 15:06

88e is the baby..but will still take a massive investment to get it to market.
bit like HUR & SXX...this lot are finished..if you cant see it well..what can I say maybe football bets is the way forward 4 u

[ronjoe77] 29/3/2017 15:06

88e is the baby..but will still take a massive investment to get it to market.
bit like HUR & SXX...this lot are finished..if you cant see it well..what can I say maybe football bets is the way forward 4 u

[ronjoe77] 29/3/2017 15:06

88e is the baby..but will still take a massive investment to get it to market.
bit like HUR & SXX...this lot are finished..if you cant see it well..what can I say maybe football bets is the way forward 4 u

[1i1i1i] 29/3/2017 11:34

AMC & 88E are 2 rock solid companies which will multiply many times this year, both will probably be bought out, DYOR and see what they both have in the ground.

[nickmann] 29/3/2017 11:09

buy gulfsands to get you money back.
a potential 5 baggar when the war is over in syria.

[ronjoe77] 29/3/2017 10:09

I do feel for investors that get caught like ctag,hnr,copl,adl, some times you need to push the stop btm and move on this is a big thing to folk ...& most folk just cant do it ...so if you invest £10.000 you should be getting out at - £8000 well like -£2 0000 that button should be getting pushed..if you don't then that investment will never get pushed & it could just keep going down, till its at 3k and if it AIM well could go allthe way to zip

[2lb] 29/3/2017 09:50

Yep, I bought post the duster for a recovery but then sold out as soon as I saw the N word - saved me any losses.

[ronjoe77] 29/3/2017 09:47

oh me oh my 2lb how true..ryeguy I said many a time this is going down the pan its just when do you start too believe....I cant help you, you need to understand this

[deanroberthunt] 29/3/2017 09:46

yup, it's a bit like trying to build a power plnt in Tanzania in a reserve park, to be built by the chinese...what could possibly go wrong!

[2lb] 29/3/2017 09:41

As soon as the word "Nigeria" appeared here the share price and business was screwed.

No right minded Pi would leave there money in an O&G company operating in Nigeria, sooner or later you lose the lot via some form of license related corruption.

[deanroberthunt] 29/3/2017 09:40

all this had was hope, and that's very dangerous