Share Name Share Symbol Market Type Share ISIN Share Description
Canadian Overseas Petroleum Limited LSE:COPL London Ordinary Share CA13643D1078 COM SHS NPV (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  -0.005 -2.44% 0.20 39,940,057 16:17:49
Bid Price Offer Price High Price Low Price Open Price
0.19 0.21 0.205 0.195 0.205
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers -4.92 10
Last Trade Time Trade Type Trade Size Trade Price Currency
17:07:48 O 2,800,000 0.20 GBX

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Date Time Title Posts
25/11/202022:23*****Canadian Overseas Petroleum*****4,105
03/11/202015:21◄ CANADIAN OVERSEAS PETROLEUM ►4,166
21/7/202006:30BUY 8,546
20/7/202022:54SELL COPL113
04/12/201900:53*****Canadian Overseas Petroleum***** TARGET 0P ADMINISTRATION LOOMS8

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Canadian Overseas Petrol... Daily Update: Canadian Overseas Petroleum Limited is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker COPL. The last closing price for Canadian Overseas Petrol... was 0.21p.
Canadian Overseas Petroleum Limited has a 4 week average price of 0.20p and a 12 week average price of 0.20p.
The 1 year high share price is 0.59p while the 1 year low share price is currently 0.03p.
There are currently 4,871,896,290 shares in issue and the average daily traded volume is 26,430,961 shares. The market capitalisation of Canadian Overseas Petroleum Limited is £9,743,792.58.
edgein: Shauny, Yes indeed today looks like a prime example of that. They moved it down on a perceived delay (even though the company didn't say extension had to be granted by the 30th). Traders were caught on the back foot and anyone unlucky enough to have sold is now struggling to get back in as the share price flys back up again on small volumes too. The tiny cap here makes these compelling on extension of the licence given the agreement with Essar, Nigerians are notoriously slow but tend to get there in the end. COPL's strength is reflected by the size of its partners with Essar and Shoreline. Agreed, there'll be significant interest when the extension lands and the next acquisition. We may actually get some progress on the Moz PSC at some point too. The speed these move you'd need to watch your monitor non-stop to catch these swift moves. I was reading over other companies today and I missed the move from circa 2% up to almost 15% up. So anyone who has been trading these needs to be very careful or they'll find the door closed. I don't currently post on the LSE, I do read there regularly and there's a lot of good posters over there. I don't really have the time unfortunately to post beyond ADVFN. Regards, Ed.
under the radar: OT ... Heads up (BOR) Borders and Southern :- 1)465m barrels of condensate (light sweet crude) 2)Own 100% of all acreage 3)Darwin (discovery) costs are under $35 a barrel 4)474m shares in issue 5)£3m mkt cap = nothing at all priced in and priced to fail 6)Bod own over 10% of shares 7)Rkh sea lion will get sanctioned next year which will do wonders for BOR 8)Bottomed - no sellers left as all flushed (out after a long downtrend) 9)Bullish divergence on chart with bullish white candles being formed and coming to the end of an apex on a bullish reversal descending triangle (with a breakout coming very soon) 10)Enough money to last until April 2023 11)Update due in next 2 weeks The Market was over pessimistic and now a correction is due (it’s JUST starting now) Share price 0.7525p - it won’t be under 1p for long imho Put it on your watch list at the very least and see for yourself what happens I wish you luck whatever you decide! ATB
edgein: GD, The Tiburn post is quite correct, once 226 is in production COPL will be able to reclaim its historic costs as cost oil from early production. That's worth $m. However I'm not so sure about his theory of COPL picking up 100% assets in Nigeria or elsewhere in Africa as a non-producer and it goes against this repeated statement: "The Company is actively pursuing opportunities in Nigeria and sub-Saharan Africa in partnership with Shoreline Energy International Limited ("Shoreline") as part of its strategy to generate stable cash flow from secure offshore and onshore assets." Its highly beneficial to be partnering with Shoreline in any or all future assets, they've large production in Nigeria, they've ease of securing financing too. They certainly de-risk any project they would jv with COPL on. If COPL went to a large African financial insti and said we're partnered with Shoreline that's a big help. Even the marginal bid round information suggests that any indigenous company already operating a significant OML would be fast tracked and given preference. Well Shoreline and OML 30 fit that description. Having Shoreline partner on the elusive Moz PSC is also a big + imo. My preference would be continue as stated, focus on near term producing assets in cooperation with Shoreline. Come on Art don't be shy are you tech partner to Shoreline for the 2020 bid round? Regards, Ed.
charlesjames1: And just like that on a public bulletin board you have appointed yourself king. Shares in issue have a dramatic bearing on the share price Firstly, it shows that the company has a severe disregard for its shareholders In that it issues them like confetti. This warns off potential buyers. Secondly, they pay their bills with shares. A clear sign that they are skint and another red flag. So before you spout about MC is king. Don’t kid yourself. A rising share price needs to attract new blood for it to be sustained. Good luck.
kcowe: Courtesy skittish Lse . To me the whole point of the court proceedings issued by Essar on 6th April 2020 was to snaffle the entire licence in April/May through COPL being unable to defend the proceedings/perform the contract because they were cashless, whilst there was still time, at that point in time, for Essar get the licence extended for their sole benefit prior to end September 2020. That opportunity has now long since passed, and after COPL obtained an offer of £2M financing on 30th April 2020 Essar knew COPL could then drag out the court proceedings beyond the licence renewal date thus undermining the whole objective of Essars proceedings. At that date Essar knew that the licence would expire without being renewed, unless the parties could come to an agreement prior which could be put to the Nigerian authorities in order to obtain an extension. It is noticeable that in the annual results RNS of 13th May 2020 COPL did not refer at all to the Essar proceedings, although the parties were obviously in negotiation - maybe to say anything would have jeopardised the situation. Agreement with Essar was announced on 4th June 2020, subject to legals and licence extension. The proceedings, although now deferred, were a one shot chance - Essar couldn't pull it off - so resurrecting those now would serve no purpose - COPL has little money, but can drag out the proceedings beyond the licence expiry date if they were to be activated again. So "the deal" - which is actually agreed - is the only game in town now for both parties, and has been for quite a while now. It is that deal or the licence expires on 30th September 2020 and both lose everything at OPL226. That AM was quite effusive in the RNS of 21st July 2020 - ""With the commercial terms settled in the agreement in principal, the legal language over a number of agreements has largely been agreed upon. Both parties continue to work amicably towards completion and have agreed to extend the backstop date for two weeks, but we both hope this will be wrapped up earlier than that. We continue to look forward to the future working relationship with Essar to unlock the potential of OPL 226."" is important. Contrast that with 13-5-20 when they were still negotiating and AM said nothing - suggest all is now still good in working relationship terms. The deal is agreed, legals "largely" (legal speak) agreed upon - just could be the odd dotted "i" here and there - suggests to me that it is only the licence extension outstanding - and that is beyond the direct means of the parties to influence - "we both hope this will be wrapped up earlier than that". Maybe licence renewal delayed by the 2020 licencing round - pre qualification extended several times? The "big buying" 10 days ago and share price strength following 3 placings suggests that all is still well (to me) bar getting the licence extended so happy here for it to take as long as they need. We'll get news one way or another by 5th August
bronislav: Rtayya. Given the chairman's track record he is clearly experienced in oil and gas but personally I wouldn't believe a word he says.His latest podcast was extremely negative and we then we hit a price of 0.035 p we then get the 4th June rns and the essar and shore coming together.Since then we have had placings and the share price movements and volume suggests to me that the placing shares on the whole are being rinsed.From 0.035 to 0.5 in itself is a great rise but then we have placings with share price movements of at least 30 per cent.If there is anyone in the know it would be a great opportunity to make a killing..It's certainly a possibility but no certainty this scenario has played out.All that said if there is a deal agreed upon and signed up by the legal teams then this has a lot of potential.
9naz: If I remember correctly the price started to move after the CSE opened,probably based on some PIs thinking it was about explode over here , as a result of seeing +100% On CSE, I think somebody also posted that CSE was up 100% ,which is obviously misleading for any who don’t understand the anomalies of CSE share price (Which moves in increments of .5)and London sp, which does not correlate and doesn’t mean that the share price is actually up by 100%, leading to people posting ‘RNS must be logged’ ‘somebody knows something’etc. Etc. I think tomorrow will be interesting, if no 7am RNS, which is likely , then we could see a big drop, as it would indicate there was no substance to the rise, and continue the downtrend, all IMO course.
easwarareddy: Hi just an update.... i emailed cathy again.. much better response. I said...Hi CathyThe recent second placing seems to have totally stopped any rise in the share price.  If anything now its below placing price.  Like i said at the time,  i just felt it was unnecessary and at the wrong time,  especially when share price was only beginning to recover from the last placing.  Hopefully our ceo will release some big news soon to kick start the share price and offer value to holders including himself. ......................Reply from cathy:Hi Yes I am expecting some good things to happen but the timing is always difficult to pin down. Kind Regards, Cathy HumeChief Executive Officer
easwarareddy: I emailed cathy regarding some of the concerns expressed on this board of another placing and the effects it had albeit temporary on share price. ReplyWhile we appreciate hearing from shareholders, it appears that you have not observed that Mr. Millholland is one of our largest shareholders so he, of all investors, is very aware of share dilution. He has participated in a significant way on virtually all placements, some of which were at prices between 5 and 50 cents. I encourage you to study insider purchases prior to pointing fingers to the person who has the most to loose, our CEO. It is your opinion, and perhaps that of a few shareholders, that trust has been eroded.  Our shareholders buy and sell shares to suit their personal objectives. We have never asked you to buy shares for example. This was your decision, not COPL's. Kind Regards, Cathy HumeChief Executive Officer
edgein: Blue, Depends on how far they get into the Noa Campaign by the end of 2020, if all is sorted and they're in the middle of drilling I'd imagine several pence. 2p is circa £78m cap that would still be very modest if they drill 4 wells as expected (6-10,000bopd per well). I'm holding for at least phase I. However things might change rapidly, previously DPR were pushing for FFD from COPL. Now that Essar are in charge we may see a much more accelerated drilling programme across the block. There's lots of drill ready targets beyond the proposed 29 wells for FFD on Noa. Its worth noting that Rosneft are now behind Essar who are largely a refiner and energy company, the Russians will be pushing for oil production. Its the cash flow that will transform this one. I fully expect during/after Noa development COPL will not only progress Moz through seismic but also acquire further Nigerian marginal undeveloped fields with the help of Shoreline. So in the next few years I'm still hopeful of mid cap with Noa getting the ball rolling finally. Firstly though I'm expecting around 1p if/when they make more progress with Essar. As I've said I'll review my position after the first wells are drilled. There's a reason that Essar fought hard to regain control of 226, the 2017 presentation highlights that very clearly. Shaf very true, also the £1m investor may also be buying in the open market too. I wonder if he's Nigerian. :) I'd love to see a TR1. Little COPL are in with the right people for sure, multi billion Shoreline, multi billion Essar (owned by Trafigura and Rosneft). Little COPL carried along for the ride. I feel its gonna get interesting real fast here. Nigeria need the production. COPL are likely to secure debt after Noa-2 to trigger that option to 15%. However it may be a combo of debt and equity for a more substantial multi-well development (would be a nice option if or when that time arises). Regards, Ed.
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