Member Info for 1509

I think the heading on the face of it is deramping but really it is what Art said in the presentation.
The article goes on to say
After secondary recovery - "COPL, targeting the high end, hopes the reservoir will ultimately produce about 666 to 826 million barrels of oil"

Tree
From memory the pressure they are dealing with are nearly 3 times more than the working pressure they want.
Can you imagine the force of the oil coming out of the flowing wells?
This is probably why the infrastructure of pipe work the deal with the flowing oil is so important

Oiler
Copied that section from the last final results.
I cringed a bit when i saw it

Interesting from the webinar about converting 4 pumped wells to flowing wells.
I have to admit I needed to google "flowing wells vs pumped well"
So flowing wells are where the oil comes up though the pressure in the ground. In my mind this means an awful lot oil will come out of the well.
3 of the 4 have been converted the 4th is being worked on.
During the presentation I asked about the flow rates for these but did not get an answer

Hedges - found the dates
Crude oil WTI Futures 384,187 barrels Jan 1/22 to Dec 31/22 $56.58 (5,664)
Crude oil WTI Futures 416,772 barrels Jan 1/23 to Feb 29/24 $52.87 (4,667)

Butane Normal (NC4) 11,110,302 gallons Jan 1/22 to Dec 31/22 $0.768 4,722
Butane Normal (NC4) 9,921,552 gallons Jan 1/23 to Feb 29/24 $0.670 2,633

I haven't got the information to hand, can anyone recall the date the hedge will end

Steve
Cant deny its been a rough ride so far.
To hold or not to hold that is the question.
For me it boils down to do you believe in Art and the asset.
The asset is what it is and should really support the sp.
Art is a different kettle of fish if only you could rely on the words that come out of his mouth.
I think things will turn around and one morning we will get a rna which will blow the doors off.
Imo timing wise at this level is not a good time to get out.
Atb

*be

Wwa
I was a bit worried when Ryan was talking about the junior tranches and that they could approach existing lenders.
I sent a message during the presentation asking if this would involve more warrants and placings. He replied saying no it’s Junior tranches.
I don’t know what a junior tranche is but if it gives us money with no warrants or placings it cant W bad

Over on CSE a trade looks like 100k shares traded in one trade at .26 which is 17p.
Aug 8, 15:21 0.26 100,000 TD Securities Inc.(Buyer) TD Securities Inc.(Seller)
If this is correct a single trade of that size is unusual.
CSE is not a market I am too familliar with.
Does anyone who knows CSE have any thoughts on this

Shaa
Thanks for the link. I wondered if the image on the page was a recent one provided by copl.
If it is could that be a drilling rig being put in position?

Confirmation that we definitely have a drill rig coming and when we will start drilling.
Update on RBL
Expansion on details contained within RS report - Arts take on it
An indication when production will increase
Curve ball maybe details of an approach from another company

Morning
Copl is like a baby, starting to grow and wanting to take its first steps.
Its stumbled a few times but now has the support of the money from the convertible bonds deal and will start to stand on its own 2 feet.
The future is bright

wwa
lets hope Santa is a Goodison today we'll need him

Morning.
This is the big problem with Art.
I am a lth and bought in on the basis of my research and the interviews/presentations which Art took part in.
I want Art to be positive about the future but he continues to over promise and under deliver which is very frustrating and leads to lack of confidence/sentiment.
I believe that we have turned the corner and the sp will start to recover.
I hope that during the webinar Art will be straight in terms of the program to move forward with production.
During one of his interviews Art mentioned that RS had found some positive things which copl missed - What are they? Why were they not specifically mentioned in the rna?
With a conservative recovery of say 90m barrels I hope that one of the majors will raid their petty cash account and put a bid in for us.
The book valuation compared to our mcap now appears to be skewed.
One morning before Christmas I think we will have an rna telling us about an offer to buy copl or a jv.
Looking forward to Monday but Art please do not raise our expectations only to let us down
Atb

HI Jiddy
Thanks for posting the reply from Art

Morning
Isthis - nice post is copl about to transform from being an ugly duckling?
I don't know if it is my rose tinted glasses but generally when Art gives a webinar aren't they usually positive?
Atb

I’ve registered
Very exciting
Is this when the re rate starts?

Morning
As per the rna RS will release the report to copl and then copl will need to do an rna.
Sothe report published to copl next week then all we need is Art to do the rna. I hope there there isn't too much of a delay between the two.
With regard to the report will this indicate the percentage recoverable oil?

I think sentiment is starting to build.
MM's may take advantage if the June production has not increased from May so there could be another dip.
Copl at this stage must be low risk with huge potential in terms of growing as a company in its own right or being a takeover target.
Imo if the sp does not increase substantially then surely we will be a target.
If an approach is made then Anavio will have a great amount of control in terms of accepting an offer if they exercise the warrants.
I cant see them turning down a decent offer when their buy in price is 16.75p
Atb