Canadian Overseas Petrol... Share Discussion Threads

[bountyhunter] 28/12/2016 08:13

or Obama's, he won't be needing it ;-)

[deanroberthunt] 28/12/2016 08:10

yup. greed and ego, we can't help ourselves, always be the fat cats and sorry sacks.

[bountyhunter] 28/12/2016 08:09

fair point dean - I'm just illustrating how shareholders cash has been spent extravagantly on private jets etc previously thereby making a high debt level impossible to refinance, also with the previous credit history highlighted the banks may be reluctant to lend again

[deanroberthunt] 28/12/2016 08:07

BountyHunter

they/he needed to refinance debt just as RBS was about to implode.....at the peak of the subprime fiasco....just bad luck?....just shows tha high levels of debt always leave one exposed......luckily, COPL doesn't have any...yet :) ....don't have any Oil either...heyho

[deanroberthunt] 28/12/2016 07:59

in what context Mr K

[mrkeysersoze] 28/12/2016 07:58

Dean,Have another look at OPL226.Mr K.

[deanroberthunt] 28/12/2016 07:53

this is a play, now, on whether OPL226 is commercial, which will require appraisal well/s, probably not until h2 2017.....although, I think they have to drill something before Sept 2017.....

also, whether a 2nd well will be drilled at LB-13....depending on what the conclusion of the 3D Seismic vs 1st well results determine.....did they just interprete it wrong, was the seismic inaccurate? ...or is the block just devoid of hydrocarbons?

[mrkeysersoze] 27/12/2016 09:45

nicky21 - 24 Dec 2016 - 20:15 - 2179 of 2183 - 0sorry i mean institution shareholders.latest institution holdings.-----------------------------------------------------------------------------------------Nicky21,Click on filings by transaction date.You will see the only transaction post Mesurado-1 P&A news was Rosseau Asset Management selling 400k shares of which they had previously bought 100k & 300k prior to drilling results. The Canadian & US market, tax year end is December 31st so a little tax planning may be taking place.https://m.canadianinsider.com/company?menu_tickersearch=XOP%20%7C%20Canadian%20Overseas%20PetroleMr K.

[mrkeysersoze] 27/12/2016 09:38

October 2016 OPL226 valuation from Edison.In an earlier post regards OPL226. I had not considered the possibility of COPL farming down their 40 interest in OPL226 which could be a viable option.Mr K."Assuming COPL farms out its equity interest in exchange for a development cost carry through to first oil, we estimate that net working interest would fall from 40% to 15.5% (farminee requiring a 20% IRR). Including cost-carry increases the net value per barrel, which rises from US$2.43/bbl to US$4.6/bbl reflecting the cost carry, partially offsetting this reduction in working interest."http://www.edisoninvestmentresearch.com/research/report/canadian-overseas-petroleum-limited691018/preview/#js"Canadian Overseas Petroleum (COPL) has acquired an 80% interest in Essar Nigeria through its joint venture with Shoreline, ShoreCan. Essar Nigeria owns a 100% operated interest in OPL 226, a shallow water licence in Nigeria containing the Noa West oil discovery (16.1mmbbls 2C gross) and the Noa Complex, which is estimated to contain mid-case prospective oil resources of 461mmbbls. We now include a risked notional 200mmbl oil development for OPL 226 in our RENAV; combining this with FX adjustments and dilution from in-the-money warrants drives an increase in our RENAV from 8.5p/share (C$0.15 /share) to 15.3p/share (C$0.26/share)."

[ffaffaa] 26/12/2016 19:42

a screaming buy, listen to the podcasts with arthur millholland , the ceo


but dyor and then just feel free to become a TRILLIONAIRE

[turbotrader2] 26/12/2016 18:04

No mateIs this a buy?

[ffaffaa] 25/12/2016 11:10

in one of the interviews Arthur the ceo states two canadian institutions hold just a bit less than 40%.


6:48 in



i still believe the billions of barrels showed by the seismic ARE THERE



I know nothing but i would guess there is more accuracy in seismic data and their computer analysis than in the mecanics of drilling a hole. They may have missed by a little fraction

i speak knowing nothing, does my idea make sense? In other words, how sophisticated the mechanical technology of drilling is?

happy xmas to all the soon to be COPL millionaires

[nicky21] 24/12/2016 20:15

sorry i mean institution shareholders.

latest institution holdings.

[ffaffaa] 24/12/2016 18:02

click on companies and then enter copl

updated constatnly

[nicky21] 24/12/2016 15:04

hi guys

i need some help i would like to know where i can get the latest major shareholders of a company.

when i mean the latest i mean the latest.

have been to so many websites and when i compare them its completely different.