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Goldy boy ana lb short pants
Don’t listen to the nasty people
You run along home, mind the bikes
Would not want any accidents
Blue blue blue
X
People try to make it sound like a start up breaking even or making a small profit is a bad thing. It is not, it is actually a major milestone to be able to do that.
There are plans currently in process to turn that small profit into a major going concern with exponential growth.
When you get past the short term noise and look beyond the end of a trading day for dimes you will see a business with enormous potential about to be unshackled.
My expectation hasn’t changed, that is by end of year you will not recognise this company.
Sits on hands…
Harry - succinctly put my friend!
Gold
you have said yourself COPL are in profit - its not loss making as you have said in the past
you can see that production is within a 10% range over the last four months, there is no downward trend - its based on when they take wells offline to install the "gas thingy" on the wellhead - you get that yet? its by design to prepare for the gas gathering update.
Again - not my numbers but the published data - production has not reduced substantially
Feb- 49789
Mar - 54791
Apr- 50764
May - 49802
There has actually been a growth from Feb production rate to May latest production results of 0.026%.
Key is you provide source to gas gather cascade to 2023 - this is a new made up one not seen before and nor has anyone else - I note you didn't respond to this - difficult one for you?
and source for they plan to flare for 6 months - so they throw away their ESG operator status? it wouldn't be allowed in any case by BLM as a long term solution
Again - COPL stated 2022 strategy - this remains unchanged:
- Complete the consolidation of available interests in the Wyoming Assets - CUDA
- Refinance COPL America, Inc.’s credit facility to reduce the Company’s cost of capital - RBL
- Optimize and increase oil production at the Barron Flats Shannon Unit miscible flood - gas gather kit install
- Commence Phase 1 delineation of the 2021 Barron Flats Federal (Deep) Unit oil discovery
- Maintain the current ESG operating credentials - i.e not flare
- Restructure COPL America, Inc.’s Hedging Program
I can say to counter your unsourced statements that the gas gather kit is being installed already and will be in place by August - production will immediately go to 3000 bopd within two weeks
Great response Tiburn. Thanks for keeping this board at least somewhat informative.
Why are you here?
I and BTw all those silly arguments Tuburn has refuted more than once. Yet you regurgitate them as if you've suddenly found something to drag us down.
Shameless!!!!!
Gold , you do realise when installing new well head equipment you have to release some gas!!!!!
And Arthur has already explained that in his last investor talk, its just a legal requirement to operations!!!!
We wont be flaring of an already sunk gas investment, some people are willing to keep the blind fold on, others listen to the CEO and planned work schedule over the coming weeks and months.
GLA LTH Jeeesus wept!!!!!
Si by August all the wells will be equipped with the "gas thingys" and production will double almost overnight
Judging from the posts, Goldiee would be well advised to have a 'gas thingy' embedded, should have pretty high readings if it's also the upgraded BS detection 'thingy'. GLA
When it was NT for long periods on Friday Gold was claiming a computer glitch, I phoned up Lloyds only for them to tell me no such thing.
I think Gold is more suited on the ADVFN board or the Canadian Board
gold001 (per Coplholer earlier),
If Wyoming is like other places, are you factoring BFU related 'cost recovery' on approved Capex spend (development wells/gas plant etc) i.e. no tax/royalty payments until rebated ?...COPL still has to 'front-up' with all the funds...
"I can say to counter your unsourced statements that the gas gather kit is being installed already and will be in place by August - production will immediately go to 3000 bopd within two weeks"
Wow wow wow - that is some claim, Tiburn. I pray that you are correct. That would be transformational.
Here comes cup holder
To lbs aid
Maybe you could get a bicycle
Made for two
And peddle of somewhere together
Glah
That is nonsense.
And BTW why are you here,?
CH
I admit I did not include the interest on the bridging loan to cover the acquisition until RBL is gained - MBE please.
Its better to deal with the facts regardless of what they are.
The key for me is that these are one of costs - the default on the lender payments , the RS report, well head installation etc which may be paid out for by the profit margin or cash on account.
COPL are not standing still, this isnt their position in aspic - they are always moving forward, towards a more stable base and higher production.
That they can make a profit, even a marginal one during this time is very positive.
Shaa
I think Gold is more suited on the ADVFN board or the Canadian Board
We don't want him either!
Apologies Alberta, I didn’t think any of our cousins from over the pond would see this, lol.
Does anyone know if COPL have Atomic tax losses from previous years that can be leveraged to reduce the tax bill further?
Tiburn - I think the answer is NO. Atomic was an S-Corp structure, which is like a UK partnership. The tax liabilities and the losses flow up to the owner.
Coplholer,
In part, yes but only to ask if 'cost recovery' was in your calculation ? Yes, COPL must fund Capex but if Regulator approves, the Government royalty/tax is zero until Capex 'rebated'.
COPL may have deferred oil plant upgrade to meet your growth request ? Although expected to give a better return, it can't afford it presently....maybe the same with 9x BFU wells' delay from '21 ?...COPL CEO looking to get 'best bang for your buck'....or, however many everyone else kicks-in !
There you go.No evidence. No links. Just make it up as you go along
Compared to Tiburn you are a fake nonentity.
The more you post the more disingenuous you appear.
Carry on.!!!
Quite seriously Gold - you talk out of your rear end, you're not well researched and have been exposed on an open forum.
Unlike Tiburn you do not use factual information from company released documents instead favouring the use of fabricated information from derampers and conjecture. You skew and bend information to dish out mis-truths with a cateolog of evidence. You have no contact with the CEO and clearly a bitter share bashing slightly narsasitstic trader. My only gripe is that you'll be making money from these levels like the rest of us.
Back to the green box for you i'm afraid
July 1st come Friday....will we see the report during June - let's see :::::)))
Have to question WHY and WHO reported the thread because it contained Tiburn's post which had 33 recommendations and exposed lots of mis- truths being spouted by Gold and alike.
Nonetheless we are on the cusp of entering a very exciting phase of the companies endeavour to gain mid tier status - the share price should reflect the progress at each defined milestone
There seems to be a lot of design engineers on this website. The extraction of oil and control of pressure build up is nothing new.
The gas recovery system will be in line with American Piping Standards, API / ANSI/ ASME, and in line with industry best practices. These systems are built to minimum specification which will be in line with max potential.
All I’m reading is absolute guess work.
Quote” i believe it’s been delayed due to needing to be redesigned as pressures haven’t come down as they hoped.”