Canadian Overseas Petrol... Share Discussion Threads

[jev1] 16/7/2019 13:52

The rewards are very high in the event of a positive outcome though.

It's whether they're prepared to accept the high risk as part of the equation or not.

I'm happy to hold and wait.

[jamie414] 16/7/2019 13:44

Profit takers have sold.Traders are out.Shorters are trying to make holders nervous by saying they have sold or are selling.For LTH and those that are in for the Oil nothing has changed whatsoever.

[kcowe] 16/7/2019 13:19

nervous are selling , the rest fence sitting time ....

[asm5] 16/7/2019 13:04

hxxps://www.energyvoice.com/oilandgas/africa/203655/oil-giants-note-nigeria-now-has-chance-to-open-its-fields/

[madmonkflin] 16/7/2019 12:41

ok - let me buy a small amount when I get back from lunch to cheer you up

[msk7] 16/7/2019 12:40

No trade for over 2 hours .Very unlike Copl and only 8m traded today.

[kcowe] 16/7/2019 12:07

Edgein , I really appreciate your indepth comment
Regards Steve

[edgein] 16/7/2019 11:47

Kcowe,

That's someone's opinion doesn't mean its right though. Then why are Shoreline in the process of helping Shorecan secure a rig contract/service financing etc? Why did they jv with Shorecan for Moz too, all part of the alleged ploy? Surely if it was some great scheme they'd do nout for the consortium and let the licence expire back in 2018. They must be playing a really really long game if that conspiracy theory held any weight. It takes as long as it takes for that Nigerian bank to approve the PB and for the NNPC to give final permissions etc. Things happen really really slowly in Nigeria, doesn't mean there's a conspiracy theory behind it. Some of these fellas are starting to get as bad as the SRSP holders.

Regards,
Ed.

[msk7] 16/7/2019 11:28

kcowe check your messages.

[indivestor] 16/7/2019 11:24

check out bloomberg dot com for full article on Nigeria oil , The urgency to get the oil reforms going was signaled by a July 4 meeting between the new Senate president, Ahmed Lawan, and head of Exxon Mobil Corp.'s Nigerian unit, Paul McGrath, where they discussed the quick passage of the bill.

[indivestor] 16/7/2019 11:24

check out bloomberg dot com for full article on Nigeria oil , The urgency to get the oil reforms going was signaled by a July 4 meeting between the new Senate president, Ahmed Lawan, and head of Exxon Mobil Corp.'s Nigerian unit, Paul McGrath, where they discussed the quick passage of the bill.

[dave19w] 16/7/2019 11:21

Quite right Jamie. The technical team are required even more after operations start than before. So why would you dump them. No logic here from that poster. Just fear.

[jamie414] 16/7/2019 11:14

OPL226 is the first project of Shorecan, others are on the agenda. Why would they want to dump the technical team behind it all.The pace this has moved at is rather frustrating for all however I believe those that sit tight will be rewarded and sooner rather than later.

[kcowe] 16/7/2019 11:06

Cheers jamie414.
msk7 would you care to elaborate? re: a good source.

[msk7] 16/7/2019 10:53

jamie414 thats what am hearing Alternative Finance from a good source.

[jamie414] 16/7/2019 10:50

Sub mariner gets excited on the rises and then has a complete paranoid meltdown on the retraces.His postings are nothing more than his own imagination with absolutely no FACT behind them.

[smcl] 16/7/2019 09:43

Indivestor= filtered

[kcowe] 16/7/2019 09:16

Edgein ... Sub-Mariner on lse believes , Copl are being sidelined as in a convo posted below . what are your thoughts on the posibility of this happening .. ?
Sub-Mariner
NoEasy - well as far as we are concerned Kola is standing still, no matter how you try to spin this, we are no closer.
If he wants to get things done we would’ve been drilling yesterday but they want COPL OUT. And that is not me been paranoid, something is amiss.

[indivestor] 16/7/2019 08:43

Harry sell and say bye bye

[edgein] 16/7/2019 08:09

Jamie,

Interesting stuff that they're still pushing for alt finance for the start-up because that should lead on to the service provider finance and then the Trafigura/bank agreement already in place. It would be super if Art can announce PB and alt finance together. That would do wonders for the share price which is still assuming they're not going to move forward. I'm sitting tight regardless but always nice to get +ve hints that they're still pushing for the strategy laid out in those interviews. Hopefully NNPC can get that paperwork through soon. Nigeria could do with the production boost from Noa and with oil in the mid sixties it would be impressive cash flow to Shorecan too.

Regards,
Ed.

[asm5] 15/7/2019 22:21

Thanks.
I’m also very confident.

We just need to be patient.

My email communications with Cathy indicate positivity and I strongly believe Arthur will get this off the ground as planned.

[jamie414] 15/7/2019 21:57

Ed,

The response I've had this afternoon was positive and the Company are working on the alternative finance. The NNPC overdue paperwork they are waiting on also.

The Company cannot control people buying/selling and shorting shares that's the nature of the beast isn't it.

I'm fully confident Art and Co will get this off the ground and soon.

All the best Ed and everyone else.