Canadian Overseas Petrol... Share Discussion Threads

[nicky21] 08/4/2019 15:27

just watch the after hour buys.

[nicky21] 08/4/2019 15:26

nearly 85 million traded today.

[nicky21] 08/4/2019 15:24

no still up on the day...

its 0.1201 to sell and 0.122 to buy.

been some big buys today.

something definately brewing

maybe Copl have got debt financing by showing their NDAs.


shorters will be burnt you have been warned..

last hour to close your short.

[the stinger] 08/4/2019 15:22

nicky21...do you feel silly now...

[nicky21] 08/4/2019 13:12

sweatie short time.

[nicky21] 08/4/2019 13:06

this can easily rise 200% to 300% or more in a day on good news.

shorters must be sweating who opened their shorts at 0.30p 12 weeks a go.

[nicky21] 08/4/2019 13:04

it will.
bottoms been hit and now for a big reversal.
the serious buying has not started yet when we get the real news of performance bond,rig news,debt financing etc.

[the stinger] 08/4/2019 13:02

Doubt it will last..

[nicky21] 08/4/2019 13:00

Blue at last.

[nicky21] 08/4/2019 12:50

Shorters gonna get screwed..

especially those who have been shorting from 0.3p during the last 12 weeks.

they expecting a Placing. Well a Placing may not happen.

[nicky21] 08/4/2019 12:14

smcl you a holder?

[smcl] 08/4/2019 11:38

Stop posting incessantly nicky21.

It’s Suspicious behavior!!!!

[nicky21] 08/4/2019 11:26

21.5m trade went through.
that is serious money ie £25,000

[nicky21] 08/4/2019 07:25

do you guys remember when Genel Energy went below 60p and then it done a recovery..

we are due a recovery here.

Premier oil went to 20p..

Tullow oil went to £1.40p

oilers always come back strongly.

[nicky21] 08/4/2019 07:17

Arthur Millholland, President & CEO, commented:



"We are now well placed in the development of our strategically important Nigerian asset as we look to commence drilling of the appraisal wells later this year. This is a key step to enable COPL to become a successful mid-tier oil and gas company. Over the last year we have been focused on securing the required contracts and regulatory approvals for OPL 226, raising the necessary funds for the expanded and accelerated program of the asset, while at the same time sourcing contractors and suppliers to perform the drilling, logistics and supplies needed to enable production. We look to the future with confidence given the imminent commencement of operations and the recent evaluation of our Nigerian asset's resources."

[nicky21] 08/4/2019 07:16

The Company's Nigerian Affiliate has accepted a term sheet from a recognized Nigerian Bank for the provision of a US$7 million Performance Bond which will meet the principal condition of the 24-month extension of Phase 1 of the OPL 226 PSC which runs until October 2020. Security for the Performance Bond will be provided by COPL's affiliate ShoreCan. The Company expects the Performance Bond to be in place to the satisfaction of the regulatory authorities in the coming weeks, at which point activities on OPL 226 can be commenced in earnest.

[nicky21] 08/4/2019 07:16

In March the Company's Nigerian Affiliate signed a non-binding letter of intent with an offshore drilling contractor for a new build high spec jack-up drilling rig. The rig is currently undergoing testing and final inspections before its acceptance by the contractor. Successful completion of these tests is one of the Affiliates' conditions in moving forward in the contracting process.

[nicky21] 08/4/2019 07:15

On track to bring four appraisal wells onto production at a forecast initial production rate of 6-10,000 bpd per well, by the end of 2020.

[nicky21] 08/4/2019 07:15

A large international offshore service provider approached COPL to bid for the appraisal wells. Discussions are ongoing.

[nicky21] 08/4/2019 07:13

we are definately at a standstill.
have just looked at the trades over the last few weeks and they have been very few ..


massive massive stanstill going on..

am super bull at these prices...


where can you get a company for under £3m which may be producing 60k bopd ( 24k bopd net to itself).

[nicky21] 08/4/2019 07:09

have a feeling no placing but convertiable loan/bond will happen and then the shorters are screwed bigtime.

[nicky21] 08/4/2019 07:07

no news on funding...
need to find out what these NDAs are...

The Company continues to work towards advancing ShoreCan's financing activities together with its joint venture partner Shoreline Energy and its investment bankers. As such ShoreCan has entered into discussions with three large oil service providers, with activities in West Coast Africa. The providers are not only offering the provision of services, but also financing. This level of interest reaffirms COPL's long-term view that OPL 226 is an attractive opportunity with significant upside potential.

[nicky21] 08/4/2019 06:43

after hours trades.


last week there were trades worth over 70m which popped up after hours.
wander if its a shorter who is expecting a placing at 0.10p.

hope he gets screwed.