Member Info for Bridgedogg1

This is holding up better than I thought it would

Come on, it’s delayed but we know where we are. The gas has to be the right pressure, temperature and quality to go in the grid. It seems the company has underestimated how long this will take and how many tests are required but things ARE progressing and we will be there soon. Ignored the doom mongers and 10p tampers. Slowly but surely.

Gas to grid
SFB Side track
Brocham side track
Further SFB sidetrack

Gas gas oil & more gas

Looking good. Angus just waiting to pop.

Just look at IGAS go! Soon for us...

1509 - anyone taking on COPL would have to take on
a) The Debt
b) the hedge
c) the license area that has driven many companies bankrupt

When you talk about the value of the aseet, until a horizontal well is in and flowing absolutely no one is going to attribute any value to the '1bn barrels' *see share price) I think thats what current holders fail to understand.

1509, the share price is 14p, why would someone offer £1? That’s not how takeovers work. No one will buy copl with the level of debt o/s and the history of bankrupt owners on this license. Either the horizontals will work and this will be worth a lot more or they won’t and it’s yet another bankruptcy. Hopefully the poo doesn’t drop to $50 in the meantime.

So it’s to prep gas for introduction to grid post compression? I guess that’s progress. I hope they work hard over the weekend weekend.

We were already promised a bit jump in production - remember? Was it 7k bopd? Lots of money raised and here we are with no increase in production but more big promises to increase production... we just need a bit more debt... abit more time... this is becoming on top heavy pyramid and I wouldnt guarantee any one will get there money back at 25p. Sure it could happen, if things change drastically.More chance of this going under now IMO.

Should be a nice run up into close. I can see this turning blue in anticipation of action over the weekend.

IGAS - todays top riser and going strong, 27p to 78p in 6 weeks. If only we were producing some gas! Come on Angus!

Gas futures: Q1 2023 = 524.900

Lioness, you really shouldnt be investing

I wasn’t necessarily expecting a first gas rns but was atleast hoping for an update. Hopefully the only reason not to provide an update would be if first gas was imminent??? Another reason is that there is a more serious issue and they want to report it is resolved, not spooking the market. Clearly everything take a atleast three times as long as Angus expect it to so we just have to factor that in. Will first gas come? Yes. Eventually. The hedge requirements for H1 are increasing daily, but so is the forward gas price which is our one saving grace atm. Come on Angus! First has nominations update please! It’s going to be an exciting ride.

Just wow. Is there going to be weekly dilution of $1m shares? Unless I’m wrong the only reason to convert the share is to sell them in the market, otherwise you miss out on the interest. So wether they are forward sold on not, if this continues there is no way back for copl, sub 10p on the cards. If the bond holders get spooked and start to think they won’t get their repayment then better to convert than hold? Probably a bit soon for that but is production doesn’t significantly increase..

Copl can’t issue more shares outside of the bond conversions for 90 days following the deal. What’s the betting that bang on 90 days there is a placing?

Bobrad, you are so bitter. I guess after Sirius, ukog and hurricane it’s not a surprise. If you were positive on something I was invested in I’d run a mile.

Keep up the one liners, gives you something to do I guess.

$2m worth of shares being shifted on top of those that are seeing the light around the debt and outstanding dilution and the question over funding.

Dont forget the 54,792,590 new warrants at 16.75p.
Interest payments in shares (ongoing dilution fo $2m + p/a just to service the bonds)
$25m covertible bonds at 16.75p - The Conversion Price will be reset to 13.25p if, among other things, an RBL is not secured five months from the Issue Date.

So with the bonds, exisiting debt, 'tap feature and RBL what will the total debt be in 6 months?

This not has a tonne of debt and a tonne of shares, recently issued and to be issued over the next 3 years. No way this is going up unless there is significant oil production. 'Potential' just wont do it anymore. I believe this could turn around with 3 sucessful horizontals, needs to be producing 6k+ by the end of the year to justify the level of debt. A couple of k extra bopd wont be enough.

A farm out would have been much safer but Art is risking it all, hero or zero.... until the next company.

It’s going to be very disappointing if we don’t get an update today or tomorrow. At the same time I can’t see people selling out over the weekend.

Expecting another tweet today, maybe RNS tomorrow. GLA

I wish I was able to short this, can anyone let me know where that is possible?

Just watched the interview and have no idea who would be buying after seeing that.

-$22m debt to fund Cuda (excluding the placings to 'fund Cuda') just so that debt can be increased, so that the compnay can drill 3 more wells...
-The reserves have gone up on the back of the Cuda purchase, but the level of RBL is going up, and COPL's level of debt has gone up - so why would the new facility be on better terms than the old expensive facility?
-So RS report wasnt required, COPL disagree with the outcomes, and wont be made public (because shareholders are dumb), so why do one in the first place?
-All the wells are waxing up....
-Oil from the horizontals will be trucked to the refinery..
-COPL, the compnay that puts at then end of every RNS: "The Company's Wyoming operations are one of the most environmentally responsible with minimal gas flaring and methane emissions combined with electricity sourced from a neighbouring wind farm to power production facilities" has requested permits for UNLIMITED FLARING - hopefully they will amend the 'green credentials' in the press releases and on the website

People have been discussin the similarities will 88e and honestly its like they are the same company. I was in 88e for the first Alaska drill and the whole 'we know the motherload is there we just have to keep drilling' is being repeated here IMO. Some old timer who thinks he knows better than everyone else and theres always enough dreamers that will get carried along with that type of person. I believe the horizontals will be failures comercially speaking , i.e. after the new hedge they will not produce enough to pay back the cost of the well, the rising debt payment, the rising admin costs.

And dont think RBL will be the end of the placings...