Canadian Overseas Petrol... Share Discussion Threads

[gold001] 02/5/2023 12:04

And they are planning a consolidation to raise even more. Only an absolute idiot would buy here.

[oscar nosher] 02/5/2023 11:50

1million just dumped by the bondies

And they’ve got 100s of millions more to go

BWAHAHAHA

[edmundfitzgerald] 02/5/2023 10:55

More failure than lifestyle?

They did pump more gas in and they did actually workover wells. It just hasn't worked yet.
Geology can outlast funding I guess!

Multiple companies have been at cole creek, looking at the frontier 1 and frontier 2 , the niobara, tensleep, Shannon, they've all been looked at, yet here we are, that's the real danger. That the geology is too hostile.


I agree lavish wages make it more fun for them than us. Should they be a little embarrassed by the $ they take home? Maybe, about 400k a year for 19 years would make me blush

[oscar nosher] 02/5/2023 10:26

DOWN again today

AT LEAST US CANT DRO BELOW 0

BWAHAHAHA

[oscar nosher] 02/5/2023 07:55

You lot really are a bunch of clueless dopey mushrooms

BWAHAHAHA

[oscar nosher] 02/5/2023 06:07

Great posts by Loglorry and gold

[gold001] 01/5/2023 21:13

It's just the way these dodgy lifestyle companies work. Raise, consolidate, raise, consolidate.

[loglorry1] 01/5/2023 09:06

Yes Senior lenders not bond holders controlling the company.

There is no JV and no RBL just a terrible money pit of an assets sucking equity to death via unlimited dilution.

Consolidation makes no difference.

[gaffer73] 30/4/2023 20:04

I'd say more confused than given up hope. As Edmund says, we are left guessing when we shouldn't be.

[edmundfitzgerald] 30/4/2023 19:29

Not very polite timing on that document. Not a great deal of respect in another non appearance either, I havent been in a situation where a CEO is held to such little standard and has to make no case.
I suppose some people face the music and others don't.

My take they are baking in some security for beiing unable to raise full RBL amount to repay the SCF. It must be proving to be difficult and the mealy mouthed historic excuses of rates high rates from August is exposed as misleading

[edmundfitzgerald] 30/4/2023 18:35

Jaknife,
Two situations:

1) B/h have 40% the company has 400m shares and no cash



After consolidation and a raise

2) B/h has 40%, the company has 1bn shares
and has a) cash b) no SCF c) delineated field.

[oscar nosher] 30/4/2023 18:26

Sounds like even mr gaffer has given up hope

You gotta larf

[gaffer73] 30/4/2023 17:34

Exactly, so it raises the question of why? There is no minimum share price to be listed in the UK so it's not that. 412m shares don't necessitate it and neither does a full conversation of the bonds at 1.2b shares. Has the JV fell through and we can expect a new raft of bonds to fund FD? Who knows? Name change is a clue maybe? Answers please Art!

[edmundfitzgerald] 30/4/2023 15:13

Pertinent to remember a consolidation followed by a raise is beneficial hugely to Bondholder.

[gaffer73] 30/4/2023 09:06

That's the SL not the bondholders. If you are going to slate the company at least get your facts right.

[loglorry1] 30/4/2023 08:34

Bondholders control the company. They are not allowing a single penny to leave Copl America. Shareholders have no economic interest in the asset.

Your EOG comment is ridiculous.

[oscar nosher] 29/4/2023 22:11

C-O-N-S-O-L-I-D-A-T-I-O-N


B-W-A-H-A-H-A-H-A

[gaffer73] 29/4/2023 14:53

How would you know? The bondholders don't own this company either.

[edmundfitzgerald] 29/4/2023 08:14

I think some mistakes people make is to think there is an alternative. No one but no one unless they're taking 30% interest wanted to lend to COPL.

They certainly couldnt handle that so they end up with bonds, the bond hder has additional risks and they can almost write their own check.

News today? 99% of mistakes come from expecting old men to behave differently.

[oscar nosher] 29/4/2023 06:50

“Let’s wait until the share price has crashed before we do a deal with the bondholders”

You dopey clueless mugs

BWAHAHAHA

[oscar nosher] 29/4/2023 06:49

All this talk on this board is irrelevant whilst the bondies have hundreds of millions to dump this share is going nowhere