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Posted at 28/3/2024 14:16 by herecomesthesun CRIKEY==================== Stas20 Posted in: COPL Posts: 6,425 Date: 28 Mar 2024 09:06 RE: We've been defrauded - RBM take note Ryder Scott will have some talking to do, they knew how their numbers were being reported and did nothing, how do I know, I've been in discussion with them in the past and made them aware, they continually argued NDA confidentiality, couldn't talk about clients etc. they will when they are subpoenaed. ==================== Ryder Scott are getting subpoenaed now you really couldn’t make it up !!! bwahahahahahahahahah PS can someone do me a favour and do a word count over the extended easter weekend so we can monitor just how much time and effort COPL's newly self anointed Saint Paul wastes on his latest nefarious unethical point scoring crusade ME I'll be out rolling my eggs with the kids Happy Easter |
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@rig |
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 valueLONDON 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 “DirectorsR 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” 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 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 16/1/2024 12:20 by herecomesthesun CRIKEYSPAS asking the LSE morons for help in revealing the Anavio instigators and encouraging people to leave mob rule threats on a just giving charity page me thinks the idiots who were ticking him up and buying in the 30's on the back of his constant MULTI BAGGING TRIPLE DIGITS SOON YACHT promotions would be better off targeting their anger by calling for SPAS to instead reveal HIMSELF Stas20 Posted in: COPL Price: 35.75 8 Feb 2022 13:31 I have traded and invested for more years than I care to remember, I know ALL the tricks in the book, the pretend hurt, how can this be. The cross ramping, the pretend to have a conversation with a hurt soul (whist really pushing their own agenda) and the multiple alias's, all of them, I've seen them all, been there done that. What I have also seen is people lose a fortune (or not have made it) as they are persuaded away from even the surest thing by those that have managed to curry favour by building a reputation to be used at a later date for nefarious means. I don't ask for trust, I only ask for people to not be blindsided by these forums You will quickly realise COPL could make you a wealthy man but the real simplicity is...... you will need to be in it to win it. No matter how much oil they have you will not make you a penny if you are not invested. Stas20 Posted in: COPL Price: 35.25 08 Feb 2022 17:15 I have backed Arts £200,000 with my own £100,000 Stas20 Posted in: COPL Price: 34.00 8 Mar 2022 14:32 I'm trying to demonstrate the huge value here, many have missed it but at 36p I'll not be selling. £3.60 would be nice but I think even that hugely undervalues the find here. yep been there done that got the t-shirt wonder WHO blindsided WHO bwahahahahahahahahah |
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 Click Here for more Canadian Overseas Petrol... Charts. 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 08/1/2024 17:10 by jaknife oilisgold,"Sad state of affairs but remember copl is producing oil and has spent lot of money on carbon capture." What do you think is the relevance/importance of this comment? COPL has lost money every year for the last seven years, this is its track record of profits: 2017 -$20.4m 2018 -$4.8m 2019 -$4.0m 2020 -$5.0m 2021 -$13.5m 2022 -$45.1m 2023 -$9.3m (est) Hannam & Partners also forecast that COPL is going to incur losses in 2024. COPL may well produce oil but it's doing so inefficiently and thus incurring significant losses for shareholders! JakNife |
Posted at 04/1/2024 11:45 by herecomesthesun RBMInvestPosted 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 bwahahahahahahahahah |
Posted at 04/1/2024 10:00 by novy kluk 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 demonstrable conflict of interest of the COPL BoD. They have demanded immediate actions be taken. For legal reasons, this letter will remain private for now. In addition, this group of influential investors are taking legal advice, 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 details should these actions not be taken. They are in 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 holder colleagues, Anavio Capital. GLTA LTH's NK |
Posted at 20/12/2023 13:07 by herecomesthesun PMSLStas20 Posted in: COPL Price: 0.725 Strong Buy Today 00:13 Subject: 1.3p to 1.5p by the end of the week Dead cert Stas20 Posted in: COPL Price: 0.725 Today 09:25 Subject: RE: 1.3p to 1.5p by the end of the week Today 09:25 On its way Stas20 Posted in: COPL Price: 16.85 12 Oct 2022 09:32 I already have over a million in COPL.........oh sorry, that's shares. Not to worry it will be CASH within a year. SUCK IT UP STAS BWAHAHAHA |
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