Canadian Overseas Petrol... Share Discussion Threads

[nasarsaddique] 19/3/2021 12:32

My understanding of this is (and I'm fairly new to this so is limited) with the exception of the new shares being issued to Atomic, the current shares will be delisted and then relisted at a new share price reflective of the enlarged market cap. Anyone with further and better knowledge please feel free to correct me.

[asm5] 19/3/2021 12:09

My understanding is equivalent shares when they relist.

[saadia110] 19/3/2021 12:09

I would like to know this also, what happens to shareholders of COPL in the LSE shares, can they be transferred to the Canadian exchange?

[bronislav] 19/3/2021 12:01

Thanks ED .I agree .The scenario whereby we have increasing production is unique as explained by Art.I still think he has something else up his sleeve.

[jpyro1] 19/3/2021 11:56

When they cancel on LSE what happens to existing share holders? Do they get paid off at a set price or will they get equivalent shares when they relist?

[edgein] 19/3/2021 09:53

Bron,

Given the initial size of the reserves in the USA and their drilling plans I reckon any early profit takers will be easily replaced by more institutional buying.

Regards,
Ed.

[bronislav] 19/3/2021 08:47

Great to see the volume in Canada ...with the gas injection and possible other interests in Africa the investment case here is becoming more and more compelling.I suspect there will be lots taking profit on when it comes out of suspension and relists which is a sensible option but a year of patience could see substantial rewards.

[edgein] 19/3/2021 08:30

True guys, great to see the volumes in Canada for a change. There wasn't much available over there at 0.02, hopefully those couple of million shares will be taken out today.

Regards,
Ed.

[dandadandan] 18/3/2021 20:27

0.02c next stop in Canada. Limited stock numbers.
It looks like they like the deal.

1p to 1.5p and heading up?

DDDD.

[sportbilly1976] 18/3/2021 16:50

Canada going strongly on very high volume on the back of the rns and interview

Currently 0.01-0.015 on volume of 53.4 mln (daily average around 3-4mln)

equivalent spread is 0.577p - 0.866p

[halfbutt] 18/3/2021 15:08

Thanks sport :)

[halfbutt] 18/3/2021 14:46

Sport what platform can I see this pls ...fantastic for us

[sportbilly1976] 18/3/2021 14:19

Canada volume over 10mln in first half hour of trading and all buys at 1cent (0.577p equiv)

[edgein] 18/3/2021 14:09

Good interview indeed chaps, looking forward to the re-evaluation. Lots of large companies have had significant success in the deeper Frontier-1 reservoir in Wyoming just north of the COPL assets as the latest RNS has alluded to. The upside here is way way beyond the current asset at 31mmbbls 2P. So its not all down to the gas flood of the upper and lower Shannon. As the RNS suggests there's multiple reservoirs and only some of that has been developed. Lots more wells to be drilled once they get close to that 7000bopd target production.

This shows the scale of the upside of the shannon unit alone:

"A total of 20 additional Production and Injection wells are planned to be drilled in 2022 and 2023 to balance the oil recovery from the field and maintain high production levels. COPL's engineering team will commence detailed well planning in 2021 for execution in 2022."

Mix in a little bit (or a lot) of Nigeria and other countries and it'll get real interesting real fast. Gas injection volumes to peak towards the end of this year, its all near term. Then perhaps drill a few deeper long horizontal wells into the deeper target. Bring it on.

Regards,
Ed.

[blueblood] 18/3/2021 13:36

There we go completion RNS. Got to bag at least on resumption of trading and my initial 2p target for slice easily obtainable in 202

[sportbilly1976] 18/3/2021 13:30

RNS - acquisition completed. Very positive information on the deal

[nasarsaddique] 18/3/2021 13:02

Very positive interview

[nasarsaddique] 18/3/2021 13:01

Links not working, try this one...https://youtu.be/M2ozljEydpY

[sportbilly1976] 18/3/2021 12:33

Proactive interview with Arthur

[asm5] 17/3/2021 18:59

Anyone who wishes to join our COPL TELEGRAM chat, your most welcome. https://bit.ly/30iMexV

[sportbilly1976] 17/3/2021 13:30

Hadron now sub 3%

be interesting to see over coming days who picked up their stock, not just pi's for sure

[sportbilly1976] 17/3/2021 12:57

Mainly waiting on this now then:

"..The Company will be in a position to submit the new Prospectus to the FCA and proceed with the Listing Application once a number of post Atomic Acquisition steps have been completed including the finalisation of the Target's consolidated financial accounts, prepared in accordance with International Financial Reporting Standards."

[ride daice] 17/3/2021 11:33

I've heard a rumour that Blondie will be playing at the relisting party