Canadian Overseas Petrol... Share Discussion Threads

[satkaur1973] 24/7/2020 02:11

OPENED ANOTHER SHORT!!

0p Target Price.

[mo5h] 23/7/2020 17:13

Truth hurts you childish tw@t

[shovon1000] 23/7/2020 17:08

Tomorrow will be a big day

[tez123] 23/7/2020 16:54

39m buy at .40 printed

[newtoaim] 23/7/2020 16:13

Not today maybe tomorrow

[easwarareddy] 23/7/2020 16:12

Going to hit 50 soon. Friday tomorrow so will go higher

[easwarareddy] 23/7/2020 16:07

Ive seen you deramp on other boards. F OFF

[mo5h] 23/7/2020 16:05

Another placement incoming

[easwarareddy] 23/7/2020 15:58

Should maybe hit 50 before close

[easwarareddy] 23/7/2020 15:58

Burn shorters burn

[easwarareddy] 23/7/2020 15:57

Prob leak... wonder if deal done. Should easily multi bag from here

[easwarareddy] 23/7/2020 15:56

See all the derampers other day... didn't believe. That investor 14 etc.. burn shorters burn

[edgein] 23/7/2020 15:23

Oh don't forget the 30m and the 40m too! Super volume building today.

Regards,
Ed,

[sharif1987] 23/7/2020 15:21

500%+ target at SYM today!! Dont miss out! Gl

[edgein] 23/7/2020 15:21

Someone's keen, buy of just under 38m at 0.37 just reported. I guess those couple of instis in the last placement didn't get filled.

Regards,
Ed.

[mustafa15a] 23/7/2020 14:03

Ai Ai Kanjari

[edgein] 23/7/2020 13:53

Come on Art get the deal done fella!

Regards,
Ed.

[asm5] 23/7/2020 13:47

COPL FACTS

As it stands today ESSAR have 20% and Shorecan 80%.

Essar Mauritius had the original licence for OPL226 (proven oilfield in the Niger Delta waters) offshore Nigeria. Essar M got into financial difficulties with their steel business in India and sold 80% of OPL226 to Shorecan. Shorecan is a partnership bewteen COPL and Shoreline. Shoreline is a Nigerian company. The split is 50/50. Also Essar M fell out with the Nigerian government.

COPL have the expertise to find the oil. Shoreline provide the Nigerian incumbent. Essar are providing the money and probably the rig and contractors as they have billions of pounds.

So basically we are a debt free company and the initial drill will be paid for by Essar. Once COPL earn money from this oil output they will pay back some historic costs; this will be clarified in the forthcoming RNS.

When the new deal is agreed legally then Essar M to have 90% and Shorecan 10%.

Shorecan then have the option to buy a further 20% after the first well is drilled.

However, now that Shorecan are in a stronger position financially we may be able to negotiate a larger percentage.

[babbler] 23/7/2020 13:29

News due by 4th on the deal. Could come any day.

[stepaside] 23/7/2020 13:27

What's causing this?

[billthebank] 23/7/2020 12:17

Topped up yet again!!! First stop 1p!!!! All aboard!!

[matunde24] 23/7/2020 11:52

0.4 min . Mm were collecting i guess .. Gla.

[matunde24] 23/7/2020 11:49

Preeeeeeeeek