Canadian Overseas Petrol... Share Discussion Threads

[edmundfitzgerald] 07/6/2023 23:07

actually its 4 wells per square mile. Apologies.

"No oil or gas well shall be completed in a known pool unless it is located more than nine hundred twenty feet (920')"

[edmundfitzgerald] 07/6/2023 22:40

I agreee with that Gaffer. It doesn't especially matter what the lawyers do either way.

[edmundfitzgerald] 07/6/2023 22:30

YES about 150 was mentioned. It's one per square mile if my memory is correct.
I don't know why there is 'unlimted' by the blm
150 producers when on 36 is enough.

Sorry billf, I don't play your games. Perhaps you should tell your crew to up their lying game. ;>. Avoid the place where the truth is spoken unaided by crews preventing it.
Pass on the links sunshine.

Here is another. This will show them where state and fed are.
hxxp://pipeline.wyo.gov/whatups/whatupunits.cfm?cfile=182390XB.pdf

[gaffer73] 07/6/2023 21:09

Yeah yeah ok.

[gaffer73] 07/6/2023 21:08

We don't need unlimited wells. 150 was mentioned I think.

[gaffer73] 07/6/2023 21:05

They've sold 250k from 20m, I'd hardly call that "dumping". Must try harder.

[1billf] 07/6/2023 20:10

Try answering the question, you clown...why are you here, what are you doing? I think we all know...

[edmundfitzgerald] 07/6/2023 20:06

Hi BILLF
Could you kindly correct Eazy on LSE on his lies about well permitting
BLM manage Fed leases and Wyo manage State leases.
Much of what BLM does align with state practice. Wyoming state must adhere to national nepa guides

What is 100% untrue

"We have permission for an unlimited amount of wells on our land by the BLM…the permits for each well however are given out by someone else…"

THE BLM, WHOM CONTROL FED LEASES ADHERE TO WYOMING STATE SPACING RULES. THEY DONT JUST ALLOW UNLIMITED WELLS.

Some handy links to prevent for pondlife.

hxxps://www.blm.gov/programs/energy-and-minerals/oil-and-gas/operations-and-production/permitting/applications-permits-drill

hxxps://www.blm.gov/programs/energy-and-minerals/oil-and-gas/operations-and-production

hxxps://eplanning.blm.gov/public_projects/nepa/106443/145002/178709/BFU_11-28V_2018-0178-DNA_DR_5.pdf

[1billf] 07/6/2023 19:46

Why are these clowns and their 3 ring circus here? What possible motivation can they have, when they don't own a single share, but endless, lengthy, bashing posts? Asking for a friend...

[gold001] 07/6/2023 17:45

'TBH I don't really care about a few shares being sold, I care about the 31p drop in the share price from March last year on the back of Millholland's lies!'-- Would have to agree with this stinger from Stas although not surprised they are dumping it's just shares instead of cash payment so of course they're dumping them.

[oscar nosher] 07/6/2023 17:06

Dopey nasty gaffer need a 50 bagger just to get his money back

LLLLLLLLLLLLLLLOSER

BWAHAHAHA

[gaffer73] 07/6/2023 15:32

That's just ridiculous......I'll take a 50 bagger.

[oscar nosher] 07/6/2023 13:14

The rabid ramping thickos on the LSE board were predicting a share price equivalent to a 113 bagger

I laughed so much I nearly fell off my chair

BWAHAHAHA

[edmundfitzgerald] 07/6/2023 12:38

Yeah pray for that GGS phase 1a to work.
It doesn't work we are royally screwed. Rather not be balancing on a spike but there we are.

For a big oily Canadian he sure does not do much straight talking so heck knows the chances of success or failure.

[oscar nosher] 07/6/2023 11:41

They are so thick on LSE that haven’t quite grasped what a terrible financing deal it is

Death spiral financing - the gift that just keeps giving

BWAHAHAHA

[gaffer73] 07/6/2023 11:17

Production is up from last month, now 1330bopd. It's going to be close with the hedge starting in July so I hope the HP system works.

[edmundfitzgerald] 07/6/2023 10:04

"Convinced these negative influencers are on the bondholders payroll"

Finding new levels.

If you are a bondholder and you convert a bond at a fixed 6.75p conversion price, do you want to sell the 2.4m shares at a higher share price or lower sp?

[edmundfitzgerald] 07/6/2023 09:56

You dont want to talk about something then don't, an easy rule to follow.


LSE tried to compare 20% of bonds being converted to 20% of bond debt from $85m being recovered.

This is another lie. Converting a bond recovers $200k from the debt pile of $85m, it doesn't remove the cash interest component.

They don't understand that the interest is payable for full term, on any converted or unconverted bond. The interest just accrues mildly differently once converted.

A little less digging holes in sand and gormless gazing into the Bristol channel is perhaps needed so they can stop calling accurate information lies.

[yabawbag] 07/6/2023 09:37

Don't need a running commentary of what's happening on LSE.

[gold001] 07/6/2023 06:48

It's great commentary. And factual which is rare with COPL.

[edmundfitzgerald] 06/6/2023 22:39

I suspect the kick in the nads is going to be additional bonds.

COPL don't have 'upto $12.5m' left as Tiburn suggests. That is just plain clumsy without fact.


I'd guesstimate spends since bond: are at another $1M in fees/legals, $1m in works. $4.5mm in GGS.
June guesses: small operating loss. $1m field works spends.
July guesses: COPL lose upto $1m in operations, unless production miraculously rises whilst injection is at survival rates.

The hedge ensures loss making if they are not still.

August,whence the return of the covenant is due they need a balance of $2.5m.
I dont think production will carry that, let alone for development works.
E.G wanna frack CC? It's about $400k.

Better to take those bonds than to lay down and wee upwards whilst wait a for a tornado to save you from getting wet.

Can the JV save the day? Due October, he didnt say whioch Oc IMO with CC recompletions hardly exciting. lse were suggesting 500-800bopd from each of those 7 by they way, unstimulated.
Beware forked tongues and pondlife.

[yabawbag] 06/6/2023 22:09

This must be the worst bb in living history

[yabawbag] 06/6/2023 22:07

Who are your posts aimed at?Who are you conversing with?Who cares what's happening elsewhere, why the running commentary?

[oscar nosher] 06/6/2023 21:33

Those clowns expect a massive rise on the share price

It so t gonna happen when the bondies dump their 100s of millions into any buying activity Irkutsk activity

Then those thick clueless goons will start crying “MM manipulation”

Get the popcorn in it’s gonna be hilarious