Canadian Overseas Petrol... Share Discussion Threads

[zxie] 11/8/2021 18:15

is pleased to announce that it has received written notice approving a Final Prospectus dated 11 August 2021 ("Prospectus") from the Financial Conduct Authority ("FCA"). The Company has subsequently applied to the FCA and London Stock Exchange for relisting on the official list of the FCA and readmission to trading of its common shares on the Standard Segment of the London Stock Exchanges Main Market for listed securities.

[sportbilly1976] 11/8/2021 18:11

Page 263, Ryder Scott report

The following table shows the net present value of future net revenue (before deduction of income taxes) attributed to proved plus probable reserves, estimated using forecast prices and costs and calculated using a discount rate of 10 percent, included in the reserves data of the Company evaluated for the year ended April 1, 2021, and identifies the respective portions thereof that we have evaluated and reported on to the Company’s management:


Independent
Qualified
Reserves
Evaluator or
Auditor
Effective Date of
Evaluation Report
Location of
Reserves (Country
or Foreign
Geographic Area)

Net Present Value of Future Net Revenue
(before income taxes, 10% discount rate)
(USD M$)
Audited Evaluated Reviewed Total
Ryder Scott
Company

April 1, 2021


$174,791



$174.8 bln !

[ultimatejustice9] 11/8/2021 17:44

Loads of information on the COPL telegram group - open to all. You need the telegram app and then follow the link

hxxps://t.me/joinchat/SId8W51wOfISv0ss

H T T P S (hides the first part for some reason)

[ride daice] 11/8/2021 17:30

Where is Phurley ? It would be interesting to know what he/she thinks of today's events.

[smcl] 11/8/2021 17:23

Agreed Skidaddle.

[skidaddle] 11/8/2021 17:17

The real worry was whether it was going relist at all.

Not anymore.

This baby will have legs. Just how long remains to be seen, but considerably north of suspension imho.

[sportbilly1976] 11/8/2021 17:17

Prospectus now on website



"It is expected that the Admission will become effective and that
unconditional dealings in the Common Shares will commence at 8:00 am (London time) on 17 August 2021."

[smcl] 11/8/2021 16:57

It will be at least 1p.... a lot more than when suspended.

It's still unknown what the outcome will be in terms of share price but its reasonable to assume it will be better than it was before.... and that has to be a good thing!

[saint in exile] 11/8/2021 16:54

Sell away..reckon there will be far more buyers tbh

[con90210] 11/8/2021 16:38

Totally disagree

[jamie414] 11/8/2021 15:44

It will be rebased and if you haven't noticed II's have big wedges in here.PI are now just little fish in the big pond.

[roberts1975] 11/8/2021 15:38

How many are locked in hereI would urge caution when this comes back There is going to be one mass sell off

[sportbilly1976] 11/8/2021 15:29

rns out

"The Company will update the market when it receives the date of readmission, which it expects in the upcoming days."

[sportbilly1976] 11/8/2021 15:09

Prospectus up on FCA website now


Date
Issuer(s) Name
Document(s)
Description and Passporting information
11/08/2021 Canadian Overseas Petroleum Limited
Single prospectus
Re-Admission to the Official List (by way of a Standard Listing under Chapter 14 of the Listing Rules) and to trading on the London Stock Exchange’s Main Market for listed securities of 15,624,453,124 Common Shares following the acquisition by the Company of the entire issued share capital of Atomic Oil and Gas LLC, Pipeco LLC and membership interests of Southwestern Production Corp, by way of a reverse takeover pursuant to Listing Rule 5.6.

[greatfull dead] 11/8/2021 14:15

Fingers crossed it just may happen when the TSX opens today.

GLA,
GD

[jamie414] 11/8/2021 12:49

The new website should go live very shortly.

[edgein] 11/8/2021 12:30

Yeah good call Jamie! Exciting times, COPL comes back as an oil producer with circa 31mmbbls of 2P. Suspended at just £60m cap for US light oil reserves. That comprehensive ops update is going to make interesting reading before we relaunch. Be interesting to see where these go as they increase production from the BFU and reactivate CC. Hopefully Essar will get a move on with 226 soon too.

Regards,
Ed.

[saint in exile] 11/8/2021 12:08

At last.Re-list soon

[jamie414] 11/8/2021 11:57

And here we go

[asm5] 07/8/2021 22:24

Recent News
Cuda Oil and Gas Inc. Announces Additional $4 Million Financing from Senior Lender
Calgary, Alberta--(Newsfile Corp. - August 7, 2021) - Cuda Oil and Gas Inc. (TSXV: CUDA) ("Cuda" or the "Company") is pleased to announce an additional $4.0 million of financing ("Credit Facility B") from its Senior Lender, Tallinn Capital Energy Limited Partnership ("Tallinn"), under the Senior Credit Facility agreement signed on January 20, 2021. The additional proceeds will be used for the payment of account payables relating to, and continued development of, its oil assets and miscible gas flood injection program...

[jamie414] 06/8/2021 16:47

Of course they will be, posters who are trying to convince others to hold are always the ones selling! Like I said though it matters not as the II's are in charge of the price now not PISo it's a complete waste of effort.I think we are certainly in for an interesting week ahead.

[edgein] 06/8/2021 16:33

Jamie,

That would be nice, looking forward to that schedule and ops update from Art.

LSE,

I reckon half of those posters will be cleared out after relist.

Regards,
Ed.

[jamie414] 06/8/2021 14:11

Ed,It's become like a cult has LSEA certain group have become the messiahs as they tell everyone what they want to hear. And it's just about to get a lot worse! I mean who needs someone to tell others not to sell? Garbage. Absolute garbage. Early next week I'm hearing.....