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On 28 January 2023 the BFSU gas plant and field operations were shut-in for safety purposes due to severe winter weather and BFSU production and gas injection has been offline since that date. BFSU production facilities are presently being re-started from 30 January 2023 as weather and access roads are cleared.
Might be related to this:
https://finance.yahoo.com/news/five-mile-long-cloud-methane-160001027.html
https://www.oilandgas360.com/eenfp/360-corporate-profile-three-crown/
Falcon prospect is also near us
That’s our accountancy officer so we suppose to get 10% of their shares ~ to their holdings.
https://www.sec.gov/Archives/edgar/data/1006655/000141588922012557/xslF345X02/form3-12142022_111226.xml
SteveV haven’t read it all but as it’s stated in one of the link bonds are not secured anymore. Anyhow previously set warrants if still available are probably entitled to purchase them for a fixed price. Mizuho pro eco strategy is long term to meet zero targets before 2040 in the best case 2030 aware of additional funding required with minimum/ no obligations and higher risk exposure in initial phases
Potential merger of COPL and evolution petroleum inc with Denbury already operating fields. Have forgotten to mention they described the same plan of field exploration, number of wells planned in 5 years same as mizuko divided into few phases.
Anavio has few trading operators but only in section “!convertibles” is Nomura and has proportionally the biggest percentage of trading volumes of 78%
(execution disclosure; link below)
https://www.anaviocap.com/_files/ugd/0ba7c8_93e5d6de8d174161abc2fc1f2941f199.pdf
equally similar as overall percentage of bonds released in total. Nomura convertibles agent is mizohuhogroup bank. I’ve also shared their zero2050 targets in pdf and long term investments plans in oil and coal production projects/ companies. Both industries are located nearby included and considered in project “bison” with future prospects of hydrogen supplies important factor in Japan to meet emission targets earlier and diversify energy sources. It would allow them to incorporate the next phase of reselling carbon options. Project bison is about to capture and storage co2 from copls field as well as coal mine factory (necessary short term energy supplier for ccs especially if directly condensed from air). Denbury awarded all rights to project “Bison” moreover, they are responsible for all transition pipelines in caspers region to connect existing/ planned pipelines around us (few projects of gas, oil, carbon transition reaching from Canada to Netherlands on south).All information , data prove its evolution imo (the most of ii’s are Japanese all concerned about 0targets and future supplies - convenient for Japanese investors. All sounds like arts comments regarding bond holders. The potential buyer mentioned about production downtrend but also summarised there’s no more constraints for upward production trend. If it’s the case sounds like another dirty trick to pump up the sp accumulating all positives to be released together. Each phase was planned at least few months before (convertible bonds, revolver tap loan, jv/ merger discussed in the evolution’s November prospect. Evolution is well prosperous company also pretty undervalued so their shareholders are also annoyed by undervalued sp. No one would complain about quick, intense re-evaluation.
Nomura has the highest proportion of volume traded of convertible etc. other asset class jp, Goldman, American bank. So Anavio is executing through Nomura holdings
https://www.nomuraholdings.com/news/nr/holdings/20220830/20220830.html
Fiscal agent mizuho bank ltd
Strategic plans to target 0 emissions by 2050
https://www.mizuhogroup.com/binaries/content/assets/pdf/mizuhoglobal/news/2022/12/20221229_2release_eng.pdf
Evolution petroleum inc nov22 prospects full of details matching COPL’s description details, bonds amount. Timing is a bit different purposely to keep it ‘confidential’ moreover, seems like all was planned in detail few month before public release. Points on maps are in accurate but some hints like distance between fields are added~ 100 miles away.
https://www.evolutionpetroleum.com/wp-content/uploads/EPM_Investor-Presentation_Nov2022.pdf
Main website:
https://www.evolutionpetroleum.com/operatio
In Arts recent interview he’s mentioned that potential partner and Copl is pretty sure there’s a lot of oil so I wouldn’t be surprised someone gave a full offer. The best strategic location, oil friendly state, many pipelines and projects crossing copls field, decent capability to carbon capture storage. Before RS I believe capacity was estimated to 40m tonnes? Probably much more. Location is good enough to charge other companies to transit oil or co2 throughout the field. Unhedged price, minimum amount of oil to cover costs already met with upward potential, infrastructure in place, eco friendly, upgraded (almost) gathering system, eco friendly, renewable source of power. I think art doesn’t flare to increase production to keep it eco clean as it seems is the most important factor promoted by government and keep away from ecologists
The wheelo I understand it’s a bit odd and everyone would prefer Exxon or other large producing company. The interesting fact to consider are close locations I Calgary and Wyoming and connections on LinkedIn. Art would be able to keep things as he wanted to and control the company. JV would have different terms. Good to hear different thoughts and theories, thanks.
Stas if Copl explores and produce the oil why wouldn’t they jv with a partner operator, service and rigs provider they worked before. Team members from both companies know ranch other easy to check on LinkedIn. Cwc is planning to expand the business in USA in following year to diversify the business. Copl hired a company to produce better and more accurate report enhancing oil production. I’m also aware they cooperate with Wyoming university and their new methodology. Copl doesn’t really need hundreds of millions. Cwc would be able to supply all necessary equipment and effort 15-25mln upfront in exchange for some X% WI