Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video here.
Working very very very hard now, must be close :-)
Justice2u biggest ramper, short term 25p ... seems to have gone.
They're not on any share today Stas, perhaps they're just teasing us :-)
Just what we need another know-it-all here to save us .. 😂
#chucklebrothersreunion
Another low ranking Troll that’s unable to put a sentence together .. 😂
Excellent post Eazy and a good reminder of what we have .. :-)
Spot on Stas .. :-)
Lets keep this one going as the trolls will try to bury anything positive, clearly the reason they rounded up the gang to infest the board.
This seems to be dropping fast now, looks like it might even drop below 4 ..
Looks like FF had posts deleted from yesterday ... not surprised as he'd made himself look a right numpty .. lol
Looks like FF unable to answer Wookies questions as it’ll look like ramping .. lol
FF Answer Wookies questions..
Answer the questions..
@Finwittrader - Agreed , looks like this will continue to drop down, hopefully it'll get support around 1.5
Not looking good tho'
For the UT at 2.0 to ensure we start the new week in the red ... :-)
@Simmo77
"Now a bag won't even get this to 4p!"
Now read the post below from Unnd, even at 2b shares he calculates 32p a share (conservative) thats a 16 bagger from here if all bonds converted..
I have shown my calculations for the number of shares that will be in issue once the Bonds are converted of around 2B shares.
For balance so that i am not labelled as a ramper or de-ramper i will calculate the potential market cap of £652m as follows:-
1. Reserves 38m barrels @ £5/b = £190m
2. Resources 993m barrels oip @ 0.50p = £496m
3. Debt (SCF) (£35m)
The above is based on COPL being able to prove that the oil can be got out of the ground at a profit.
The JVP will shortly give us all the value for the OIP which will end the speculation.
£652m divided by 2B shares = 32p share which i would say is conservative.
Don’t tell him Pike .. 😊
Does anyone here suspect that some of these "concerned investors, here to save us all" (Trolls) could be working for the bondholders ? Objective to deter buyers, encourage sellers, scaremonger etc etc ... help on the shorting and result in a lower VWAP .. win win for them. :-)
AIMO of course
Lol .. the threat of 1B shares wasn't having the desired affect so lets up it to 2B and see if that works ... :-)
#JVcomingsoon
Yep just filter the trolls, don’t have to read the constant drivel , let them talk to each other in the green boxes .. 😂
#JVcomingsoon
Anyone new to the board should read this excellent overview posted by Eazy on the RNS dated 5th June.
RNS - June 5th 2023 - Operations Update
· Three conversions of BFSU flowing wells to pumping-flowing wells have been completed;
o Production from the first converted well in the program is up 110% from pre-conversion levels. The well was converted in mid-April, with stable production averaging 190 Bbl./d in the month of May, up from an average of 90 Bbl./d flowing excluding downtime periods pre-conversion.
o The second well is producing oil above pre-conversion levels but is not yet stable. Paraffin treatment schedules are being evaluated which are intended to bring stability along with enhanced production levels.
§ Both of the first two wells in the program experienced significant downtime in flowing configuration from Q3-2022 to Q2-2023 due to paraffin plugging. The conversions accompanied with scheduled paraffin treatment programs are intended to maximize production from these wells and eliminate production interruptions.
o Conversion operations on the third well were completed just days ago, with the well returning to production on May 31.
· Oil production is increasing from the well conversions and the resumption of the Company's production optimization program after weather-related disruptions in Q1-2023.
o April 2023 average gross production: 1,170 Bbl./d
o May 2023 average gross production:1,330 Bbl./d
o April and May production includes production downtime as COPL America undertakes well conversions to pumping-flowing, wellhead upgrades and paraffin remediation treatments. Production is expected to increase from these wells following these conversions and proactive paraffin treatments.
· The initial phase of the second Cole Creek Unit ("CCU") recompletion for Frontier 1 oil production has been completed;
o The well has been perforated with oil inflow observed on perforation. The Company is evaluating options for stimulation of the perforations, and the timing of these, in conjunction with its JV discussions.
Arthur Millholland, President and CEO commented:
"The Company is progressing on all fronts outlined in our last Operations Update. We are pleased with the progress on the construction of our Gas Gathering System Upgrades and are fortunate to have been able to acquire the necessary high-pressure production equipment we require here in Alberta, avoiding supply chain and long lead times in the United States. The results from our first well conversion have so far exceeded our expectations. Production from the converted wells takes time to settle down to design and implement a well specific paraffin treatment regime. We are active on all fronts and will continue to update the market."