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COPL Canadian Overseas Petroleum Limited

0.0575
0.00 (0.00%)
11 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Canadian Overseas Petroleum Limited LSE:COPL London Ordinary Share CA13643D8008 COM SHS NPV (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 0.0575 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.0575 GBX

Canadian Overseas Petrol... (COPL) Latest News

Canadian Overseas Petrol... (COPL) Discussions and Chat

Canadian Overseas Petrol... Forums and Chat

Date Time Title Posts
12/11/202418:43*****Canadian Overseas Petroleum*****15,596
28/3/202422:42â—„ CANADIAN OVERSEAS PETROLEUM â–º4,580
17/1/202418:44Shareholder Action14
21/11/202307:11BUY 9,433
19/10/202220:02SELL COPL281

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Canadian Overseas Petrol... (COPL) Top Chat Posts

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Posted at 07/10/2024 23:39 by alfred neuman
Thus divvi now asking for a divi - you really couldn’t make it up

What colour is the sky on his planet

BWAHAHAHA


TIA1
Posts: 561
Price: 0.0575
No Opinion
RE: Zoom 3.10.245 Oct 2024 09:03
I would like my returned money,,,,in equity shares of the new owners,,,,and wait for a divy,,,,I invested in a good asset in America,,the people involved,,,unhinged
Posted at 19/9/2024 09:04 by edmundfitzgerald
hxxps://investingstrategy.co.uk/stock-tips/copl-shares-a-brief-look-at-the-value-disconnect/
Posted at 14/9/2024 11:33 by edmundfitzgerald
If you have spread lies about Exxon or imaginary wells or ggs out performing even Ryder Scott expectations.
You have claimed anyone who predicted copl and criticised the bonds was a deramper, one would want to move on quickly.

As that rbm chancer made our back when all this started. He didn't even know directors had not been paid in bonds and that it was aborted. That was the initial complaint and clearest sign that the bloke is thick as mince.

They have to silence anyone who disagrees with them.

That increased the vulnerable taking large position in an heavily in debt oil co, with AM at the helm ,with terrible bond conversions. All that had to be pushed down. That is what they did.

Maybe they can reveal their converted efforts and how many they got removed because those people analysed bonds correctly.

I guess it was funny " the bonds the bonds " as stas would satirically lament to analytical posters.
It was funny then.
Posted at 03/5/2024 08:05 by novy kluk
As things stand today, the value of our COPL shareholdings are ZERO.

Personally I'd prefer to be taking some positive action to address that situation and want to be challenging those parties who's illegal actions have caused the COPL share price to have dropped by 99%!!

With that in mind, a colleague of mine has shared the following Post, put out a month or so ago. Fopr me I judge it may offer the opportunity to recover "something" through the Courts

RE: CAG & Mr Cotter - 5 Apr 2024 17:53

CAG is delighted to confirm that it is to continue to work with Mr Michael Cotter of Setfords & Carlton Elleker Chase, London (CEC). Our plan of action will be fully defined as the SISP process applied to COPL unfolds over the coming weeks, thus allowing us unhindered sight of specific targets and jurisdictions involved. At present, given the strong indicative interest being shown in the COPL assets, we are monitoring the situation closely as a restructuring solution is still a possibility.

With this in mind, Michael proposes hosting a series of zoom calls, in late April/early May 2024, where he will discuss his vision with COPL shareholders and answer any questions/queries you may have.

To register your interest in this process, please email coplaction@ceclegal.co.uk listing the following information only:

Name:

Email address:

Country of residence:

No. Of COPL shares held:

Amount invested:

Approx date of investment:

Michael has a proven track record of success as a specialist Financial Services Lawyer, and specifically in large scale group/class actions. He, and his team's experience in restoring the finances of investors who have lost funds due to financial disasters and collapse ensures we have sourced true expertise. CAG has been working alongside Michael and have been provided specific advice and direction in respect to potential targets and the best routes of recovery. In addition, Michael and his team have already begun to map out a clear PR campaign to ensure that COPL shareholders receive the attention they deserve.

We have a proven winner representing us, and hope you’ll join our fight.

The COPL Action Group
Posted at 22/3/2024 10:56 by strawberry alarm clock
You really couldn't make it up ... Shouston Premium MemberPosts: 6,750Price: 0.0575No OpinionRE: My letter to potential newspapers / energy websites and publicationsToday 10:07To: andreas.exarheas@rigzone.comDear Sir/Madam,I wish to provide comment on a story run by yourself COPL Makes Significant Wyoming Oil FindIt would appear that despite this major find the company COPL is now going into administration, there is evidence that the main bondholder Anavio have been shorting the stock on 90 previous occasions since first lending COPL money culminating in a 49% short position 12th Jan 2024. see data from FCA (https://shorttracker.co.uk/manager/anavio-capital-partners-llp/)Shareholders are up in arms strongly suspecting Anavio of an asset grab, using their bond position to drive the share price down 99% since they got involved in COPL. There are suggestions that they have done this before and were fined in Norway previously. COPL was discussing a JV with oil major then it suddenly stopped. Anavio may have pulled the plug when they knew the true value of the assets.Shareholder group have established a website containing some information about the potential illegal activities see https://www.copl-media.comCould Andreas reopen this topic. More info can be gained by contacting coplsharewatch@gmail.com.Thanks for helping to highlight this travesty.
Posted at 25/1/2024 08:42 by novy kluk
COPL Action Group: Shareholders in Canadian Overseas Petroleum Limited require answers as Company loses 98% of value

LONDON and CALGARY, AB, Jan. 24, 2024 - COPL Action Group (“CAG”) and Canadian Overseas Petroleum Limited (the "Company") (CSE: XOP) (LSE: COPL).

CAG members currently own 8.1% of the issued share capital of the Company.

Shareholders of the Company formed the COPL Action Group in December 2023 as a direct result of the conduct of and decisions made by the Company’s directors (the “DirectorsR21;) led by chairman of the Board Tom Richardson.

CAG has written to the Directors on a number of occasions since 26 December 2023 in respect of the following matters:

Failure to adhere to good corporate governance.
Lack of independence of the Directors.
Lack of shareholder representation on the board of directors.
Failure by the Directors to publicly support the Company’s share price.
Failure by the Directors to act in the best interests of the Company and its shareholders.
Failure by the Directors to engage with shareholders and perform any sort of public relations/investor relations functions.
Directors have consistently favoured the interests of the Company’s bondholders over the interests of its shareholders.
Directors have allowed almost all shareholder value to be eroded, presiding over 98.5% loss of value in just 7 months.
Company’s press release of 6 September 2023 announced that Directors would receive bonds in lieu of fees, directly aligning Director’s interests with bondholders in conflict with shareholder interests.
Directors publicly stated on 6 September 2023 that shares would be sold at 4p, with bonds reset to the same price. On 6 October 2023, the Directors announced that the shares would now be sold at 2.6p with the bonds reset accordingly, a 35% drop from the previous announcement. CAG has very serious misgivings about the circumstances relating to this financing that have been conveyed to the ASC in Canada and the FCA in England.
On 6 October 2023 the Company publicly announced it was fully funded through to the end of Q1, 2024. On 20 December 2023 the Company announced it was in financial difficulties. CAG wishes to know where the working capital available to the end of Q1, 2024 has gone.
Directors have reduced the Company’s only significant source of income by stopping the injection of gas to the BFSU.
Terms of the bonds agreed with Company’s bondholders are not compatible with the Company being successful.
Until the Directors renegotiate the terms of the bonds with the majority bondholder, Anavio Capital Partners LLP (“Anavio”;), the Company will have little or no chance of survival as the terms of the bonds are so one sided that there is little or no possibility of equity investment.
Existing bond terms create a financial death spiral.

To date, the only formal reply by the Company to CAG has been in the form of the press release dated 10 January 2024.

CAG has written further to the Company requesting the following action:

Immediate provision of two board seats to members of CAG by way of shareholder representation
Immediate renegotiation of bond terms as follows:
Strike price revised to 6.75p.
Moratorium on bond conversions for at least 6 months.
Maximum of 10 bonds allowed to be converted in any 12 months period by Anavio.
All existing warrants linked to bonds cancelled.
Sufficient working capital sourced to restart gas injections at the BFSU.

In the event the Directors fail to respond positively to these requests, CAG has no confidence in the Directors and calls on the entire board to resign with immediate effect.


The Canadian Securities Exchange (operated by CNSX Markets Inc.) has not been consulted on the contents of this press release.

SOURCE COPL Action Group

For further information, please contact CAG at coplsharewatch@gmail.com
or Adam Sinclair on +447849160656
Posted at 17/1/2024 23:13 by novy kluk
The RNS' in October 2023, detailed a combination of sources of funds rasied, together with cost savings which totalled over $13 million of liquidity.

Investors were then told COPL was funded through Quarter one 2024. At that time I believe that statement was valid and made in good faith by Ryan Gaffney!

It is understood that Mr Richardson is now saying the company has only £200,000 in cash available. It's also understood that Ryan Gaffney the CFO was completely side-lined by Mr Richardson. And that Mr Richardson then took over all responsibilities of the CFO!

So apart from the obvious question, "Where has all that cash gone since only October 2023 Mr Richardson?".....it is evident it was NOT spent on purchasing gas for the BFSU! SEDAR clearly shows there was very limited gas injected into the wells!

THE CONSEQUENCES:

I have mentioned previously that it's known a number of HNW COPL Investors will be seeking damages through the courts, from Mr Richardson and Mr Gupta. I now understand that one of these actions will be based on the following:

* In October 2023 the company had in excess of $13 million liquidity available. Ryan Gaffney stated correctly (at that time) that was sufficent funding to last through until Q1 2023.

* It appears Gaffney was side-lined and Finances were then controlled by Mr. Richardson.

* Despite in excess of $13 million liquidity being available, INSUFFICIENT GAS WAS PURCHASED to permit the BFSU to function as designed!

* Being starved of gas supply by My Richardson, it was impossible for the BFSU to achieve it's potential output. Recall, even with the old low pressure system, output well above finacial break-even at 2,700boopd had been achieved in the past!

So in summary re: the HNW Investors: ONE OF THEIR CLAIMS FOR DAMAGES WILL BE THAT:

The BOD's lead by Mr Richardson deliberately starved the BFSU of gas supply in order to prevent the Unit demonstrating profitability. And in so doing, drove COPL close to insolvency! Thus handing yet more power to ANAVIO, as those actions precipitated the collapse of COPL's share price!

And there one has the case in a nut shell!

Can that be described as working in ones Shareholders best interests Mr Richardson???
Posted at 16/1/2024 14:41 by herecomesthesun
CRIKEY King Tiburn ?


User: Tiburn
Posted in: AAOG.L
Price: 11.50
Recommendation: Strong Buy
Date: 10 Apr 2019 10:03
Subject: AAOG Growth Scenarios

Year 1 and year 2 AAOG development scenarios for critique

Year 1 Production:

• Well 103 does generate 1500 bopd
• Well 104 hits Djeno and generates 5000 bopd
• 6500 total bopd production year 1
• 56% is retained - no % increase, SNPC debt repaid over time
• Brent $71 price per barrel – reduce to $61 to cover $10 extraction costs
• Production 28 days a month average
• Revenue after tax and costs of £37 million per annum
• P/E ratio of 10 = £370 million market cap
• Share in issue 238m
• share price potential £1.55

Year 2 Production:

• 2 further Djeno wells into production (if 104 hits Djeno oil, why produce from Mengo?)
• Well 103 stabilises at 1000 bopd
• Total production assumed at 16,000 bopd
• Same base assumptions as Year 1
• Revenue after tax and costs of £91 million per annum
• P/E ratio of 10 = £907 million market cap
• Shares in issue 238m
• share price potential £3.80



potential £3.80 per share ?


REALITY was:


3 boepd and BUST


another LSE tosspot that needs to REVEAL THEMSELVES


bwahahahahahahahahahahahaha :)
Posted at 12/1/2024 11:35 by tomboyb
Canadian Overseas Petroleum Ltd Share Price Movement (5707Z)
12/01/2024 11:34am
UK Regulatory (RNS & others)

Canadian Overseas Petrol... (LSE:COPL)
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Friday 12 January 2024

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RNS Number : 5707Z

Canadian Overseas Petroleum Ltd

12 January 2024

Statement Re Share Price Movement

London, United Kingdom; Calgary, Canada: January 12, 2024 - Canadian Overseas Petroleum Limited ("COPL" or the "Company") (XOP: CSE) & (COPL: LSE) notes the recent movements in the price of its common shares.

Other than those circumstances disclosed by the Company in recent weeks, the Company is not aware of any operational or corporate reason for the price movement. The equity financing announced by the Company on December 29, 2023 is expected to close next week on the terms that were announced.

About the Company:

COPL is an international oil and gas exploration, development and production company actively pursuing opportunities in the United States with operations in Converse County Wyoming.

For further information, please contact:

Mr. Tom Richardson, Chairman

Mr. Ryan Gaffney, CFO

Canadian Overseas Petroleum Limited
Posted at 09/1/2024 17:45 by oilisgold
Got to admit,in my 5 decades of trading , copl board has to be up there as one of the most corrupt. I mean share price has gone to 0.008p. If last year someone had told me the share price would be 0.1p, i would have sent them to mental institue
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