Canadian Overseas Petrol... Share Discussion Threads

[edgein] 01/4/2021 14:30

Tidy,

That's more cash on hand as a result, I guess they're more of the 0.26p warrants converted. We should get more RNS releases soon as the gas injection rates were to increase from 1st April with the plan to inject 126,000Mcf in April up from a rate of just 15,600Mcf in Feb.

Also interesting to see the modelled flow rates from the increased injection is now 7,000bopd gross from the Barron Flats unit alone, whereas previously that was the target which also included Cole creek. So both together we could be looking at 10,000bopd. I hope that little cash strapped NOP can pay its way or else COPL will end up owning a lot more of this play.

These two poimts haven't been discussed much yet either:

"Recently large US oil and gas independents have announced substantial drilling plans and acquisitions north of the lease block targeting light oil in multiple stacked horizons.

These light oil-bearing horizons appear to be unexploited and it highlights the further development potential at the Barron Flats Deep Unit (below the Shannon BFU) and Cole Creek Unit. COPL's geological and geophysical team will commence an evaluation of these horizons."

Those large independents also have large production bases already established in Wyoming ranging from anything from about 20k-80k bopd. Its good that parts of the old Oilexco technical team are still in place to evaluate these multiple stacked reservoirs.

Of course they could also add some more Nigerian assets to this mix at any time.

Regards,
Ed.

[tidy 2] 31/3/2021 21:27

Plus 62.5m warrants taken.

[dandadandan] 30/3/2021 09:02

HSBC must like the deal.
Confidently adding shares.


AM said 'it was as good as it gets'.

All we need to do now is nothing, just sit and wait for the outcome and watch this investment eventually multibag.


DDDD.

[sportbilly1976] 30/3/2021 08:36

HSBC continue to add (most likely in the placing for the bulk, but some on the Canadian exchange) - adding 221 million shares to their holding.

The drop in percentage from 5.1% to 4.976% is due to the additional placing shares being taken into account

[blueblood] 30/3/2021 08:13

HSBC increasing from just over 0.5bn shares to just under 0.75bn holding. That's some increase and massive vote of confidence!

[blueblood] 29/3/2021 11:48

Flooding starting this week. How long before results start to be known?

[jamie414] 27/3/2021 00:15

I'd say that's the base rate

[abeygale] 26/3/2021 18:50

Seven trades of 407,000 @ 0.807 have shown up.
I wonder if 0.807 reflects the current price.
At least that is the least we can expect on the return share price price.

[edgein] 26/3/2021 14:39

Sport that would be great and quite possible for COPL to get back listed towards the end of next month. Art has said that he's actively pursuing assets along with Shoreline in Sub-Saharan Africa. I wonder is he one of those in advanced discussions with Scirocco Energy. Would make an interesting fit for COPL given the licence they have for primarily gas prospects in Mozambique, also onshore. SCIR have 183Bcf of contingent which is around 31mmboe (Tanzania) which they're looking to sell before the second appraisal well gets drilled. Would be a very good fit for COPL as its close to development planning. Wouldn't put much of a dent into COPL's growing cash flow if done in partnership with Shoreline.

Regards,
Ed.

[sportbilly1976] 25/3/2021 18:40

2 trades - one input in error and then a second one cancelling the error.

Atomic needs to have its audit concluded, financials published under IFRS which will then be incorporated into a prospectus. This is released with notification to the FCA for a request to relist.

Expect re-listing around end April(ish).

Hopefully by this time we will have increased flow rates from Barron with the gas injection and possibly confirmation of the intention to conclude the agreement in Nigeria at the end of April which was delayed from January due to the COVID situation out there - thankfully that seems much better now and hopefully come end April the in-person meeting required can go ahead.

[abeygale] 25/3/2021 16:53

I hope that means COPL will be back tomorrow, or early next week.

[dandadandan] 25/3/2021 16:48

Check out Google.
SP up 110%?

DDDD

[sportbilly1976] 25/3/2021 11:25

a keying error

[nasarsaddique] 25/3/2021 11:14

Two 2.5m trades just gone through at 0.8, 110 percent over last closing price, anyone know what this is?

[billthebank] 23/3/2021 09:22

Nominee account I think

[edgein] 23/3/2021 08:58

First HSBC and now RBC taking notifiable interests in COPL. Shows the quality of the assets and the upside ahead.

Regards,
Ed.

[sportbilly1976] 23/3/2021 08:44

Canadian wealth management company - nominee accounts imo cross the 5% threshold.

Date of doing so being the 17th - UK listing was suspended so based upon trading on the TSE.

[blueblood] 23/3/2021 08:23

Another Canadian investor coming on board. All looking good for lots of newsflow during relisting process!

[blueblood] 22/3/2021 08:29

Art got reputation for being able to identify and develop production opportunities. This is first chance he's had for years to prove he's still got it and expecting big ramp up in production in next couple of months. Reputations on line!

[galileo8] 21/3/2021 12:56

Hi all, can someone tell me the ratio Uk shares versus Canadian. Sorry I'm sure it's been asked many times. Thanks in advance

[ride daice] 20/3/2021 14:22

I will be delighted with anything north of one new penny. Given that I got in pre- Liberia; prior to the Atomic deal the best that I was hoping for was to sell into a loss in order to offset CGT. The possibility that I might make a decent profit here is delightful.

[halfbutt] 20/3/2021 14:09

3p is mentioned a lot by many posters... if that were to materialise there would be some very wealthy and happy people including me.....even infuring price rise would not stop there due to production success ...I'm so looking forward to April.... (fools???) Lol

[grawface] 20/3/2021 09:08

Does anyone know if you can find a list of all suspended companies anywhere?