Canadian Overseas Petrol... Share Discussion Threads

[livup967] 05/8/2019 18:15

well someone took out all the sells today in one go hmmmmm

see what happen tomorrow
they are not getting mine on the cheap
let them do there worst

[livup967] 05/8/2019 11:06

do you guys get the feeling it's the same
5m sells drop to start the day for the last
3 weeks'' strange indeed'' or is it just me LOL''
WHO KNOWS''

[livup967] 05/8/2019 10:55

red to green to blue don't let them fool you
out of your shares'' this is do or die week
for news'' ART is keeping this one close to his chest
and us waiting to breaking point it must be good'' LOL''
all will be revealed anytime this week IMO
as cash is getting low and he need this sign off ASAP
so we can start the drill and producing by year end hopefully
HE IS WORKING HARD BEHIND THE SCENE TO GET THIS DONE
and need this as much as we do

GLA

[smcl] 05/8/2019 10:31

OrangeLord

My understanding is that Shorecan is a 50:50 venture with Shorecan holding 80% in Essar Exploration & Production (Nigeria) - a special purpose vehicle focused on OPL 226. Shorecan are also involved in opportunities in other parts of West Africa. That’s my understanding.

[orangelord] 05/8/2019 10:23

Breakdown: ShoreCan 80% of which Shoreline and COPL have 40% equal share, which leaves 20% to Essar.
But it could all change on the deal that Arthur strikes with SPA.

[smcl] 05/8/2019 09:57

Hi Jamie- Essar are not shareholders in Shorecan as far as I know. Shorecan is a JV between shoreline and COPL. It’s in the ownership of OPL 226 that your percentages apply. That’s my reading- of course I could be wrong.

[jamie414] 05/8/2019 09:50

EdShorecan is40% COPL40% Shoreline20% Essar

[edgein] 05/8/2019 09:44

Guys,

We're not a minority partner in shorecan. We've a 50:50 split with Shoreline. Shorecan have 80% of 226. Of course COPL are the much smaller company than either Shoreline or Essar but are not minor partner in 226.

Regards,
Ed.

[smcl] 03/8/2019 16:14

dave19w- yes sorry for getting percentages wrong. While we are a JV- one part is in a stronger position in terms of nationality, connections, financial clout etc. Obviously if exercised well such a connection could be great for COPL but dependsI suppose on relationships etc.

COPL might be under pressure to keep stum on the key issues. Who knows but while a 50:50 venture we are the ‘smaller part’. So COPL have to play a waiting game.

[dave19w] 03/8/2019 15:01

Hi SMCL that was why I asked. I thought somehow I had missed a trick on the JV percentages there. It is equal. Lots to look forward to here if we can get some good news out before any placings etc. it does feel very close to being sorted now. I see why people are having less faith though. If my time frames are correct shoreline should have soon the service provider sorted. That’s a complicated deal so takes time. The annoying thing is the PB which actually maybe sorted but they haven’t told us. I can’t think why they wouldn’t. But when the share price crashed due to false rumors of licenses being revoked etc I was peeved that they didn’t issue an RNS to say it was rubbish. I have seen other companies squash rumors via RNS with good results. So why not us. It seems that copl feels they don’t need to play that game. Which maybe is confidence. Or perhaps arrogance.

[smcl] 03/8/2019 11:48

Hi Jamie

Apologies. I may have got the percentages wrong. We have a 50:50 share in Shorecan the JV between COPL and Shoreline. Shorecan have an 80% share in OPL 226 where we have a 40% share. So I am assuming both parties to Shorecan have a 40% share.

The difference is in JV responsibilities. COPL provide operational technical and other services. Shoreline provide local financial legal administrative and other services. I re read the documents on the website.

Sorry to all for my error earlier. Open to any comments.

Thanks

[jamie414] 02/8/2019 23:36

40% is ours.

[dave19w] 02/8/2019 18:54

What’s the split with shoreline?

[smcl] 02/8/2019 18:27

Disappointing that we have had no news.

We’re the minority shareholder in Shorecan - this maybe complicates how quick COPL can ‘push the agenda’.

We’re dependent on others within the JV. Always a complicating factor.

Anyway hope JV relationships are good.

Best Regards- enjoy weekend all

[dave19w] 02/8/2019 17:15

A chartist once said that is a bullish thing. Then they said something like it’s an uncrossing cross in a convent pattern. Always lost on me.

[jamie414] 02/8/2019 16:57

What a strange day :/ moved up and down on nothing then ends green.

[livup967] 02/8/2019 16:41

did we end green??? or blue ?? LOL''stuck in the middle

''strange indeed''

GLA

[livup967] 02/8/2019 16:28

good thought'

good weekend EDD'' jam'' and all

next week again then

[edgein] 02/8/2019 16:09

Liv,

fingers crossed, potential for news on Monday or next week, how far can Art and those Nigerians draw this one out? Definitely hopefully our patience will be rewarded by some alt F and a liftoff if the terms are good.

Regards,
Ed.

[livup967] 02/8/2019 16:02

LOL'' it's hard work i know''
and the only cure is time and patience
buys are catching up THO' could finish green
here is hoping.

[edgein] 02/8/2019 15:40

Liv,

I'm gonna have to plead the 5th Amendment on that one fella! None of us are getting any younger unfortunately but hopefully Art will hopefully make us more wealthy. :) Come on Art us weekend quarterbacks need something to discuss!

Regards,
Ed.

[livup967] 02/8/2019 09:39

another one of those buys should push us back up
in theory anyway LOL' here's hoping

GLA