What happened to this $1M Anavaio??22 Jan 2024 19:02
Ryan Gaffney, CFO said:
"The restructuring with our senior creditors and the Anavio financing provides COPL America with improved operating cash flow from today, and the Company intends to direct that to increased NGL injectant and field capex to increase production and demonstrate the potential of the Wyoming assets."
Operations Update
· The company has tied-in six wells and five high-pressure separators to the gas gathering system
· The company plans to spend over $500,000 on NGL injectant in each of October and November to increase the density of NGL's in the gas injection
· The company expects to see initial results from the higher density NGL's before the end of November 2023.