Canadian Overseas Petrol... Share Discussion Threads

[4053777] 09/3/2021 08:05

It is certainly game on in my opinion! Really hazi elaborate?

[kcowe] 09/3/2021 08:00

up to 12 months tidy 2

[tidy 2] 09/3/2021 07:52

Its a total of 14bn shares in issue and the new shares locked in for 12 months.

[hazl] 09/3/2021 07:52

It is certainly game on in my opinion!

[4053777] 09/3/2021 07:50

24 billion share in issue wow game on ! Not

[hazl] 09/3/2021 07:37

It's getting very interesting now.

[edgein] 09/3/2021 07:20

Yardly,

Its 14bn not 142bn.

Regards,
Ed.

[edgein] 09/3/2021 07:20

There is significant demand for these pending closing of the acquisition of Atomic. Again over subscribed for a total of £14m. They're going into completion with a large cash balance. Atomic will close on the 15th as expected according to the RNS yesterday. Not long to go now chaps. Any other inistis that want filled will have to do it on the market. Should be another high volume day today.

Regards,
Ed.

[dyardley] 09/3/2021 07:06

Wow 142 billion shares in issue

[tidy 2] 08/3/2021 22:25

hTTps://twitter.com/andy47640/status/1369049368762978309?s=21

[sportbilly1976] 08/3/2021 20:50

According to....?Have you participated in the book build then? Up to a year lock-in."It is anticipated that the Placing Shares will be issued on 11 March 2021 (the "Issue Date").It should be noted that no applications will now be made to the FCA for the Placing Shares to be admitted to the Official List nor to the London Stock Exchange for the Placing Shares to be admitted to trading on the London Stock Exchange's main market for listed securities ("Admission"). It is expected that Admission will occur by no later than 11 March 2022.

[x1000] 08/3/2021 20:12

Sorry. I meant bolli*

[x1000] 08/3/2021 20:10

Absolutely brilliant post ricardp19

[richardp19] 08/3/2021 19:59

Placing price 0.25

[spacegazer] 08/3/2021 18:06

What I meant by my comment,don't they have a loan facility for 20m or something???...... why do share holders usually have to get hit with placing?

[saint in exile] 08/3/2021 17:35

100% up on TSX?

[jammytass] 08/3/2021 17:24

Canadian Overseas Petroleum Limited

[hazl] 08/3/2021 17:06

I believe it was expected.
From memory anyway.

[spacegazer] 08/3/2021 17:05

Don't see much need for that......sneaky wee after hours RNS......

[nasarsaddique] 08/3/2021 17:02

Canadian Overseas Petroleum LimitedAnnounces Proposed Fundraising for Net Proceeds of £13,000,000 Calgary, Canada & London, United Kingdom, March 8, 2021 - Canadian Overseas Petroleum Limited ("COPL" or the "Company") (XOP: CSE) & (COPL: LSE), an international oil and gas exploration and development company, today announces its intention to conduct an accelerated bookbuild (the "Bookbuild") to raise net proceeds of approximately £13 million by way of a placing (the "Placing") of, and subscription for, new common shares of nil par value in the Company ("Common Shares"). The Bookbuild will open with immediate effect following release of this announcement. The Placing is subject to the terms and conditions set out in the appendix (the "Appendix") to this announcement (which forms part of this announcement). A further announcement confirming the number of new Common Shares issued as part of the Placing and the price being paid per new Common Share (the "Issue Price") will be made following closing of the Bookbuild. Tennyson Securities is acting as sole bookrunner in relation to the Placing. About Atomic Atomic is currently a closely-held private oil and gas company incorporated under the laws of the State of Colorado. COPL will acquire 100% of the shares of Atomic on closing of the acquisition on March 15, 2021. Atomic's assets are located in the Powder River Basin in Converse County, Wyoming, USA where it holds operated interests in 58,552 acres (gross) of contiguous leasehold. There are two oil production Units within the lease block: the Barron Flats Shannon Miscible Flood Unit (57.7% WI) and the Cole Creek Unit (66.7%), as well as one unitized exploration area - the Barron Flats Federal Unit (deep). Atomic has two affiliates: The Southwestern Production Corp, the operating entity; and PipeCo, a midstream company holding the pipeline and facility assets. About the Company: COPL is an international oil and gas exploration, development and production company actively pursuing opportunities in the United States through the acquisition of Atomic Oil and Gas LLC with operations in Converse County Wyoming, and in sub-Saharan Africa through its ShoreCan joint venture company in Nigeria, and independently in other countries.

[smcl] 08/3/2021 16:53

LW245 - noted.

[lw425] 08/3/2021 16:49

PLACING RNS

[hazl] 08/3/2021 15:45

Ought to be in the top risers really with the rest up similar.

[hazl] 08/3/2021 14:58

Spread is brilliant which shows confidence with the MMs.