Member Info for 1509

I’m not sure would the link from wwa exclude the production from Cole Creek?

Dbh
Are you after the oil production figure for April?
If you are I think it was around 50764 barrels
http://pipeline.wyo.gov/AllOpcoProd.cfm?oops=ID11285&RequestTimeOut=65000&nOpco=1769

Morning
I like twitter but never rely on information contained in a tweet
The tweet was posted just after 9.30 am on 26 May.
Wyoming is 7 hours behind the Uk so the the court case was scheduled for 17.30 Uk time.
I hope we will find out today
Alb

The ducks are lined up.
When they start to get knocked down one by one, surely the rerate will start to happen
1 US court approval
2 RS report
3 Formal completion of the Cuda purchase
4 RBL agreed

It looks like Canada has heard something, tomorrow should be interesting
I am confident that AM would not commit to a bridging loan if a RBL was not lined up.

Alb

I have received a reply from FTI
The court hearing is transferred from in person to via teleconference, therefore the courtroom status shows vacated. The court hearing time is still the same.

Alb

My take
RBL just about nailed on, he mentioned being in a closed period pre loan agreement.
AM happy with his buy in price as he knows whats coming.
The warrants attached to the repayment of loan are not based on the shares in issue. This is a big relief for me.
The valuation based on accepted formula post Cuda $379m.
AM and his team appear to have a clear and confident plan and outlook for the future.
The terms and conditions of existing loan sound like a nightmare

Following the presentation I am very happy with the way things are within the company

Just hope the market likes it

Alb

Logged into the investor meet site. Cant see the "ask a question" button.
Anyone logged in and have you found the button?

Morning
And they say a leopard cant change its stripes.
Yes I know it spots.
Well done AM love the new you
Sentiment changing?
Alb

Blue day and blue evening
What a match at Goodison.
Between Burnley and Leeds now
Very relieved just need copl sp to start moving
Alb

Good and not so good.
Not so good
From the last qtrs results it looks like we are hedged 416,772 barrels Jan 1/23 to Feb 29/24 $52.87 only good thing I can see is that AM must be confident we are going to hit 416,772 barrels.
The good, we are hedged for butane :-
7,917,746 gallons Apr 1/22 to Dec 31/22 $0.7675
9,921,552 gallons Jan 1/23 to Feb 29/24 $0.6700.

From what I can gather the price of butane is around $.90c per gallon.
With us now cutting back on the use of Butane there seems to be a fair bit of profit here. If we only use half of the hedge for 23/24, if the price stays the same that's circa $1.39m gross profit

Morning
There are so many catalysts which could lead to a re rate.
I am hoping that the documentation to put in front of commercial banks for the rbl has been prepared and presented to the banks. So possibly an offer in principle may have been made.
Any offer will rely and the legal transfer of Cuda to Copl. Assuming the court gives its approval then legal completion say 4 weeks from the court date.
I hope AM would release a rna to say they have agreed a rbl rather than wait until the rbl has been completed. If the former then I hope for the rna mid /late July.
If Vaalco can get 6% above libor for its West African production I should thin our percentage rate should be lower.
Before rbl announcement news to come cpr, Cuda court news, completion of Cuda legal transfer possibly Q2 results
Alb

26th May scheduled for 10.30
https://ecf.wyb.uscourts.gov/calpjm42.pdf

I think it is an interesting comparison.
I feel that copl has now got a firm foundation to move into sustained growth and profitability. It will hopefully catch up Vaalco in terms of its financials
But the risk for the rbl lender - West Africa vs Wyoming

Morning
NoEasy
Thanks for the link 6% above libor = dreamland.
This is copied from Vaalco's final results.
"Year-End 2021 Reserves
VAALCO's SEC proved reserves at December 31, 2021 were 11.2 MMBO, with 7.2 MMBO in proved developed reserves and 4.0 MMBO in proved undeveloped reserves. "

The company produce oil out of West Africa. If they can get a rbl on these reserves surely the prospects for copl getting a rbl are very good.

Any oilers our there how do you think Vaalco compare with Copl?
Alb

For me the good ship copl has managed to sail through the storm and is now entering much calmer waters.
It has decent revenue which can service its debt.
To raise the the finance along the way Art probably got the best deal he could and now we can take stock and have control of our own destiny
Compared to other companies out there not just o and g, Copl has now got everything going for it.
Cash to get the oil out of the ground, WTI at circa $110.
Revenue to service the debt.
RBL in the pipeline.
Huge potential 2p reserves.
Reliance on Butane reducing.
As a previous poster mentioned, am I missing something?
Art is a bit rogue but he has got us to this position and has appointed people to move us forward

Shouston
I’m up early and possibly you’re still awake
Thanks very much for your feedback

Morning
Is Art allowed to announce something at the AGM which would usually be announced by an RNA

All the best Sh
Be great to hear back from you

Interim figures transaction proceeds cad$24,300,252.
I appears that this is for the Canadian and US assets.

wwa
7 Minutes stoppage time where did that come from? Not a tense finish at all.
Alb