Canadian Overseas Petrol... Share Discussion Threads

[justtrying1] 16/12/2020 07:59

U calculate 8m debt into shares

[edgein] 16/12/2020 07:58

Too right Art, too right!

Arthur Millholland, President and CEO, commented: "This is a game-changing acquisition which will materially reposition COPL as a production company with assets that have a long-term lifecycle and rapid production opportunity. Oil production assets of this quality, having an incline curve rather than a decline curve, are rarely available for purchase. Circumstances surrounding the Covid-19 situation created this favourable opportunity for COPL. With this acquisition, in addition to the substantial upside potential already present in our Nigerian offshore project, the Company is now strategically well placed to deliver enhanced value and returns to shareholders."

Regards,
Ed.

[edgein] 16/12/2020 07:55

The $8m is debt! A small placing to Atomic and a little cash. Then staged over the year for signifcant production and reserves for COPL the non-producer. If you shorters are fast you might not get that badly hammered at open. :)

Regards,
Ed.

[justtrying1] 16/12/2020 07:54

Massive dilution again from arthur Dnt be spiked Dnt be taken in by these foolish headline numbersThe deal will never happen

[smcl] 16/12/2020 07:53

Good strategic move.

[barnes4] 16/12/2020 07:51

Not me that’s for sure

Not having mine for less than a penny

Rofl@the inches

[justtrying1] 16/12/2020 07:44

Where they going to get 8m to start with

[barnes4] 16/12/2020 07:37

Let’s get my short in now

Easy pickings yum yum

[justtrying1] 16/12/2020 07:36

What happened to the news everyone was expecting looks like thats a dead duck

[justtrying1] 16/12/2020 07:35

Massive placing on the way They cannot afford it

[barnes4] 16/12/2020 07:34

Atomic der now now now Atomic

[phurley] 15/12/2020 14:10

The end is near

[phurley] 12/12/2020 17:13

Arthur is a proven liar. Leopard never changes his spots.

[lb28] 11/12/2020 12:55

I do agree that covid has become a welcome excuse. If all parties wanted it done it would be and it's not and let's be honest probably never will.

[smcl] 09/12/2020 13:06

all opinions opinions - like a head - we all have one.

We need news not rambling opinions opinions......

[frogyboyo] 09/12/2020 12:18

Agreed. Not difficult to work out!

[phurley] 08/12/2020 12:09

EdProblem is AM is lying. If the Nigerians were interested in extending, he would be there by now. They simply dont want Essar involved and actually are not happy with AM either. Covid has been a welcome excuse.

[frogyboyo] 06/12/2020 21:09

Yeah sure... Getting closer to what? Certainly not drilling. That is for sure. I explained. The Nigerian government is not interested in dealing Essar

[asm5] 04/12/2020 17:18

Yes Ed I read both articles the other day. Looks like we are getting closer.

[edgein] 04/12/2020 14:23

Kwizza,

Both articles suggesting bid round news coming soon. Even though its Nigeria and slow they should be known this side of Christmas I'd imagine.

Regards,
Ed.

[kwizza] 04/12/2020 14:20

This article bit more recent... link not working that well