Member Info for Bladderman

Which signals to the potential JV partner that we are drill ready....and to be taken seriously

Only 4 more trading days until January 3rd...

Just sayin'

Can't wait for the institutional BUY signal once the JV partner is announced....

::))))

NT to buy at 12.4p with WTI nearly touching $80.

Perfect exploitation of the 'soft' oil price this last week by the big man - hedge free and WTI going up putting our JV partners under even more pressure urgency - if our CC recompletion wells programme weren't already causing them a stir.

$4-5M for bottom line shareholder value creation is not to be sniffed at (and that's at $75) - will serve to improve our credit facility leveraging arm as we hit January PROFITABILITY

No Wookie why not feel positive and post. This is really coming together now and again AM mentioned shareholder value. AM has bought £500k worth the last 12 months or so when the £115k at 0.26p is included. He is aligned with us now and is well under water but not bothered.

ColeCreek baby - yeah

Now unhedged WE ARE PROFITABLE.. It will generate $4-5M in 6 six months and will aid the RBL which will be tied up in January.

The RBL will be utilised to upgrade the gathering system which will unleash the Shannon unit potential.

ColeCreek is a monster- the JV guys are very interested in this and no-one has targeted the Frontier 1 to date - rig now on location. WTI $79.3 at present. Not as large as Salt Creek but that historically produced 800m barrels and has similar characters. AM loves ColeCreek and we own 100%

Well cost re-completion is $150k.

Peanuts.

WTI looking like it will break $80. When China come out if lock down next year it easily hit $100 plus and with production of c.25k bopd it has serious implications for profit

I think AM is targetting 4-6k bopd by May/June which gets silly if China come fully out of restrictions by such time WTI could be hitting $90-$100 due to supply and demand constraints.

AM invested £250k at 36p and stated that he is not worried in the slightest....I wonder why :::)))

Moreover, 2,000bopd unhedged at $80 is £4M revenue per month/ £50M a year - netbacks to be applied

Wyoming is experiencing cold to extremely cold weather conditions (up to -22 degrees) which is affecting our production

Oil production is currently fluctuating between 1,400 and 1,500 bbls/d due to cold to extremely cold weather.

The conditions will normalise in 5-6 days time according to BBC weather with day time temp back to acceptable conditions 0 to 5 degrees. That's when I think production from the Shannon will be easier to optimise and will coincide with our eturn to trading after Boxing day on the 28th. Which will be just in time for our unhedged production to kick in from Jan 1st

https://www.bbc.co.uk/weather/5279788

Aside...
The first well in the campaign is 11-27-35N-77W. Three oil bearing sands are developed in the Frontier 1 at this location totaling 108 feet of reservoir. Sixty-five feet of the third, or lowest sand, will be perforated followed by evaluation for further stimulation if deemed necessary.

Oil resources in the Frontier 1 are a large component of the Company's deep discovery which has extended the current Cole Creek reserves/resources significantly to the east. Successful recompletion of the 11-27 well for oil production before year-end should allow the Company to book significant oil reserve additions to Cole Creek as the base of the perforations is approximately 785 feet below the crestal area of the Cole Creek anticline located 1 mile to the northwest

- Well re-completion/maximum depth is 260m - easy peezy for c.200-400 bopd potential

Coming together nicely.

'COPL has agreed to this request and has been recently advised that a potential way forward will be presented by the JV Party in early January 2023.'

Early January, mid January or late January. Early January: 3rd to the 12th is my interpretation

We have a 'tap facility' for drilling

Back to the important crux of the update - great move to release the hedge shackles ...for free ::::))

In time field production optimisation will be exactly that ......and all unhedged

First well re-completion around the beginning of January is awesome news too. Will AM RNS the Fed deep permit or not - spotted and posted by sharp eyes on this bb. Spud is targetted in approximately 10 trading days from now (Jan 8th) - oh boy.

DD diligence completed sometime ago it would appear :::)))

One rat boy isn't going to change all that. I used to I love watching transformer cartoons as a kid and have to say you don't deserve that self-proclaimed Ironhide badge - Ironsnide much more apt :::))

What we do acknowledge is you want this stock - but you don't have nearly enough.

Thursday/Friday this week and does he gamble in or out woooo.

Thanks for the update Arthur- in the main well received today from the LTHs - minus the permit news which is in the wings i gather

All you care about is your little percentage margins Ironsnide. I want to be in here when the big news lands. Take out the Bank Holidays and there are very few limited trading days until January 3rd - just 5 infact so good luck with your poop scooping pal

We're used to the manipulation. However, those re-completion wells are to kick off very soon indeed....

3x250k trades just dropped into say hello

WTI moving up to near $78....all unhedged into 2023

Just saying..

Only WINS sat on the Ask the rest at 13 plus. Been like it all day.

The beauty here is that DD is complete so not a further 6 months away or other extensions. It's now about thrashing out the right deal for COPL. AM has the bit between his teeth testiment to this is that we are now going hard at the drill programme with January shaping up to be one heck of a month