Canadian Overseas Petrol... Share Discussion Threads

[phurley] 17/9/2019 12:41

It will 10 bag if they get official 30m debt deal

[msk7] 17/9/2019 12:33

we need official news.

[phurley] 17/9/2019 12:33

Financial Advisor and Debt arranger - Cofarco SASongoingTransaction DescriptionActing as financial advisor, Cofarco provided financial counsel to COPL, a junior oil and gas company focused in Sub-Saharan African assets, to raise a USD 30 MM senior debt facility. The financing will be applied to complete the development drilling on OPL 226 in Nigeria, through its JV partnership ShoreCan. Cofarco Responsibilities Cofarco, in co-ordination with COPL's external and in-house advisors and team, was responsible for:Finding alternative funding sources and targeting suitable specialised lenders;Assisting in preparing a financial model and undertaking sensitive testing of the financial model;Preparing a teaser and a tentative term-sheet for the contemplated Transaction;Approaching and presenting jointly with COPL the Transaction to the selected lenders;Centralising questions and answers on COPL's operations and business and the Transaction with the selected lenders;Advising on terms and conditions offered by the selected lenders and co-ordinating the legal documentation with the COPL's designated legal counsel until closing.

[phurley] 17/9/2019 12:08

Very interesting indeed

[phurley] 17/9/2019 12:07

https://www.cofarco.com/recent-transactions/tombstone63/

[msk7] 17/9/2019 12:00

really becoming frustrating on lack of news regarding performance bond.

[handygandhi] 17/9/2019 10:59

désolé, mais je ne parle pas français

[newtothisgame3] 17/9/2019 10:40

Tuesday, September 17, 2019 the official launch of construction of the # Pipeline International Today 10:40

[handygandhi] 17/9/2019 08:21

Strange goings on with the reporting of trades on LSE

The 11:21 trade yesterday was my buy at .09335, shown in blue, but this morning it's shown as 'unknown' and as a -1,000,000

Not to be believed 😳

[bill hickman] 16/9/2019 15:53

Thank goodness someone has a brain Ed :-)

[kcowe] 16/9/2019 15:49

May be... still a credibility problem here . its called Art lol

[edgein] 16/9/2019 15:27

Kcowe,

You'll probably find that the higher the oil price is the easier it is to arrange financing of large oil developments. Moreover due to the bad luck the Saudi's are currently having I would imagine that the Nigerians will now be even more keen to get back from 2m bopd back up to 3m bopd again. With the oil price flying they're more likely to sign off on deals and permissions.

Regards,
Ed.

[kcowe] 16/9/2019 14:46

its got no oil to sell .... so makes no difference ..

[msk7] 16/9/2019 13:29

with brent crude trading nearly at $67 you would have thought it would have an effect on COPL.after all COPL is an oil company.

[bill hickman] 16/9/2019 11:57

Relax matey this will bob up and down until news arrives and then it will take off. A rumour of news coming might set us off.

[msk7] 16/9/2019 11:24

looks like financing is ongoing and hopefully will come to a conclusion.so we need performance bond news to kickstart everything.

[msk7] 16/9/2019 11:14

no matter how much good stuff you find on COPL it still goes down.

[msk7] 16/9/2019 10:03

from LSE.


hxxps://www.cofarco.com/recent-transactions/tombstone63/

need to type in https

[newtothisgame3] 14/9/2019 15:30

Resistance found at 0.47P
Support found at 0.09P


Momentum
2019 Sep 13 DAILY
Short-Term #Bullish

[kcowe] 13/9/2019 15:49

well no takers for that line of stock as yat ... and where are they getting it from?

[msk7] 13/9/2019 15:37

well you can buy 30m easily online now.lets see if we have any takers.

[smcl] 13/9/2019 15:36

Hope you’re right.

[kilijarslan] 13/9/2019 15:32

Yup agreed. Remember we had a buyer throwing down £167000.00 last week. Nobody puts that amount down unless they know something. Plus the continued big buys dropping. ? have added more this morning and happy to hold for news!

[bill hickman] 13/9/2019 15:09

Someone knows what is going on and they are buying.