Canadian Overseas Petrol... Share Discussion Threads

[neo26] 16/8/2018 11:20

You make this up...

[12bn] 16/8/2018 08:03

edited, wrong share.

[edgein] 16/8/2018 07:55

Well they'll hopefully get this ironed out soon with the rest of the funding and get on with getting these assets developed.

Regards,
Ed.

[blueblood] 16/8/2018 07:29

Yesterday's news

[edgein] 15/8/2018 08:11

Guys,

Well hopefully they'll get that advanced $100m services contracted signed off. SLB still looks the most likely candidate for that given their involvement in the neighbouring block. Then Art just needs to cover his end of the financing and arrange a rig and we should be good to go for year end. Cap is stunningly low if Art gets the show in the road here. Estimated production is from 16,000bopd to 25,000bopd (gross) from this appraisal drilling depending on how many of the wells they drill from node 1, 3 or 4 wells. Gonna be the oil co of 2019 if he can get his end covered. Having big partners lined up for the offtake, developmental financing and service financing would be a big help for COPL to close on their end of the deal. Fingers crossed for big news this month now that talks are at an advanced stage with the service provider.

Regards,
Ed.

[guyswonga74] 15/8/2018 04:17

Looking at the accounts it’s great news they have a 50 million funding facility, they will need to raise end of September so let’s hope the share price is multiples of the price now to reduce dilution, should be an interesting high volume day today

[kierandoberman] 14/8/2018 22:12

$50 million in the Bank rules out any placing this side of 3/4p .

[barneygumble27] 14/8/2018 21:46

Canadian Overseas Petroleum Files Q2 2018 ResultsCalgary, Canada, August 14, 2018 – Canadian Overseas Petroleum Limited ("COPL" or the "Company") (XOP: TSX-V) & (COPL: LSE), an international oil and gas exploration and development company focused on offshore Africa, announces the filing of the second quarter results ending June 30, 2018.During the second quarter of 2018, the Company continued to work with its investment bankers and its joint venture partner Shoreline Energy to source funds for its appraisal/development project at OPL 226, offshore Nigeria.Arthur Millholland, President & CEO, commented:"A major component to our financing activities is the credit facility of up to US$50 million into our subsidiary ShoreCan from The Mauritius Commercial Bank Limited and Trafigura, agreed to and released on July 30, 2018. As shareholders can see, the financing package we are working on is significantly larger than we initially set out to complete ? thus requires more participants while at the same time expanding and accelerating our development well planning. Submission of this expanded program on OPL 226 to the Concessionaire NNPC is expected to occur in the near term.Concurrently, we are working on the credit facility's conditions which include a binding agreement and also are engaged in late stage discussions with an offshore oil services group for the provision of the required offshore services for a deferred fee. We are very pleased with how things are progressing."The results and associated interim filing documents, including the Financial Statements and the Management's Discussion and Analysis, can be viewed under the Company's name at www.sedar.com or at the Company's website at www.canoverseas.com.About the Company:The Company is actively pursuing opportunities in Nigeria and sub-Saharan Africa in partnership with Shoreline Energy International Limited ("Shoreline") as part of its strategy to generate stable cash flow from secure offshore and onshore assets. The Company and Shoreline, through their jointly-held affiliated company Shoreline Canadian Overseas Petroleum Development Corporation ("ShoreCan"), have acquired 80% of the share capital, and have taken over the management of Essar Exploration and Production Limited (Nigeria) ("Essar Nigeria"). ShoreCan has applied to the concessionaire NNPC for formal consent for the change in control of Essar Nigeria. Essar Nigeria holds an attractive oil appraisal and development project in shallow to mid

[smcl] 14/8/2018 21:28

Back to your brain level too!!

[ultra capital] 14/8/2018 21:02

Back to 0.54 / 0.55 tomorrow

[smcl] 14/8/2018 15:24

Huge dipsticks like Ultra Capital coming in!!

[ultra capital] 14/8/2018 15:13

Huge sells coming in

[nicky21] 13/8/2018 21:49

up 100% in Canada.

[blueblood] 13/8/2018 10:23

Thought results would have been out over weekend but they have until 15th so probably later today!

[nicky21] 10/8/2018 13:19

another big sell will be reported soon.
someone wants out.
am in for 20p.

[nicky21] 10/8/2018 13:12

i do not think so.

[blueblood] 10/8/2018 12:41

1/4ly report due out in Canada today. Could be after close but will include forward look as well!

[ultra capital] 10/8/2018 12:09

Placing shares forward sold 38million at 0.53p

[ultra capital] 10/8/2018 11:46

Classic placing . Sucked a few in yesterday

[nicky21] 09/8/2018 17:43

see if the buying pressure continues tomorrow.