Canadian Overseas Petrol... Share Discussion Threads

[nicky21] 22/6/2019 19:11

This stock is on a lot of investors radar.They just waiting on the sidelines for the approvals and making sure OPL 226 is given to Shorecan before they pile in.

[nicky21] 22/6/2019 19:03

1richy what was your nickname on LSE?

[nicky21] 22/6/2019 19:00

1richy just be patient everything is moving forward nicely.

smcl i would go for no 2 when everything is approved and ready to drill ..£30m market cap.

If they hit their production targets then a market cap of a couple hundred million is possible then it would be no 3..

it would not hit 11p as on the way up i would expect a bit of dilution.

You guys are also forgetting Mozambique.

[1richy] 22/6/2019 18:29

What are you saying 11p on 30m MC?

[smcl] 22/6/2019 17:50

Hi Nicky21-

1. Current Mkt Cap= £3m approx @ SP=£0.0011

2. Market Cap= £30m@ SP= £0.011

3.Market Cap= £300m @ SP=£0.11

Scenario 2 should be achievable in short term on good news Scenario 3 long shot 1-2 years?

Any thoughts

sm

[1richy] 22/6/2019 17:37

Hi Harry Arthur seems to respond to emails from you, Any chances of asking him if the bond news will be revealed immediately or will it be with other news like all approvals and rig contract

[nicky21] 22/6/2019 16:59

Thanks Buddy.
News is coming soon.
Hopefully the week starting on Monday will be a good week.

[1richy] 22/6/2019 14:04

Hi Harry I recognise you from the LSE boards, you were a superstar on lse boards.

[indivestor] 21/6/2019 16:55

The board system on Adfen is really off. Anyone can just make up any old thread. No moderation. There are two COPL threads new. Harry is chattering to him self in the other "buy" thread.

[edgein] 21/6/2019 15:08

Nicky,

I guess when the guy started that he should have listened to the last few interviews with Art as its Shoreline that's in the process of securing both the bond and the rig/service provider financing on behalf of Shorecan. So its just the usual standard for sharemuppets. Will they get alternative financing or equity for the balance of the funds who knows, but its likely to be significantly higher than 0.1p if the performance bond/service financing comes first. As Art suggested once the bond is in the work can start in earnest

Regards,
Ed.

[nicky21] 21/6/2019 15:04

What a garbage article.
Once Performance Bond is sorted then everything else will come in place.
They change their tune when they like it.
2 years ago they were tipping Copl.

[nicky21] 21/6/2019 14:44

Hardly any volume.Looks like everybody is on the sidelines and waiting for this Performance Bond news.

[edgein] 21/6/2019 14:07

Msk,

Firstly they already have the licence, the performance bond is down to/condition of getting the 2 year licence extension from October '18. I guess this has been a hard lesson learned for you chap. There's still no guarantee as this is Nigeria and therefore high risk. Folks shouldn't be gambling on small caps with borrowed money its a lesson you've had to learn the hard way. Apparently they have the performance bond and its just a paperwork issue, nothing happens fast in Nigeria. I hope its late next year that you have to pay for your borrowed shares as its going to a minimum of late Q3 before spud, may even be Q4. That's if they align everything planned and get all government permissions etc. This one isn't for widows or orphans or frankly those on borrowed money. While I and many here are hopeful of Shoreline securing this bond and the rig on our behalf its not done and dusted just yet. Hopefully they'll get it done in the timeline you need it done, but noone can give you a definitive answer on that, not even Art.

Nicky,

Yes if the bond and additional financing hasn't been arranged by late July they may do another £500k placing or larger depending on progress at that time.

Regards,
Ed.

[msk7] 21/6/2019 13:50

Please help.

I borrowed money from someone to buy these shares.
My average is a lot higher and i do not have to pay back the money until next year.
Will they succeed in Nigeria and get this Licence?The delay is destroying my health.
Everyday i look for the Performance Bond news

[nicky21] 21/6/2019 13:35

why do peeps keep saying lights out for Copl soon...that is proper scare mongerring.


Copl is listed on the stock market to rise equity.
All companies do it.

i know they gonna need $7m for the next 12 months end of july...

if we get news by then it should be no problem.

[nicky21] 21/6/2019 13:16

agree...

they used to be very bullish on Copl before.

[nicky21] 20/6/2019 15:52

Brent Crude at $65.

Iran shot down a USA drone worth over $200m today.

[nicky21] 20/6/2019 15:32

With Brent Crude up on Iran tensions this should be trading higher.

Looks like a Buy order is being worked .Max you can buy online is 6m then its Nt.