Member Info for Bridgedogg1

Yes 10% ain’t much unless it’s every day this week. I’m looking for 20-30% on first gas announcement and build from there.

When your mcap doesn't cover your debt and your income doesn't cover your debt payments...

Certainly sales should start this week. It doesn’t seem that the electrical issues put us back by more than a few days with the compressor starting. Assuming Electricals are sorted it’s now instrument testing and then away we go.

The amount additional oil COPL will be extracting in one year, I'll start

Negative 150 bbls per day from current position

Yep, around £2k worth of buys going through so far today - major recovery is on..

Is that Engine Air tweet the power engine for the production facilities? Does it run on SF gas?

SP - Its all a conspiracy...

People see this as a giant in the making... its not. It is a micro producer than needs to focus on incrementally increasing production above the hedge in a cost effective manner. Unfortunately the company knows nothing about cost discipline and hemorrhages monies constantly. The BOD lives in a fantasy world of billions of barrels while on the ground production is declining

“.. the Company has decided to defer the side-track until shortly after First Gas (as set out in Item 7 of the timeline above). Whilst simultaneous drilling and commissioning operations are not considered to be safe, simultaneous drilling and production operations are manageable once the plant can evidence reliable and stable flow of sales gas and good functioning of all safety equipment.”

Could be good news followed by more good news next week.

So on 1500 barrels per day what profit or loss does copl make? £21m raised over 12 months to keep the lights on. Will Cuda cover that? Serious question.

Shame there wasn’t more information n the hedge arrangements, opening up to speculation. Seems that a month or two of hedging from Q3 will now be spread across Q1 and Q2 requirements. The hedge company must think the gas price will be higher then and gives us more breathing room to generate some hedge free revenue. Things will be tighter in H1 but if we have the sidetrack in place then everyone’s a winner. It’s so close now.

Most farm out deals are completed after a super major sees details of farmout on a micro explorer’s website.

Don’t worry, the next piece of news will blow this into orbit (it’s alway the next bit of news, despite how many bits of news go by with no change to the decline)

"Raise again??? Some of the £6M from last December was used to pay for CUDA operating deficient. The next £10M raised in April was specifically to drill the horizontal wells. The $19.5M bond was to pay for CUDA which is a ridicously low ball figure.
Hope that clears it for you.
Nothing is getting ****ed up the walls like some life style companies. Over to you AM"

Wow. I was just joking but the point is still there. Worrying if Cuda costs can create a £6m deficit in such a short period of time. How much unhedged sales will be required to offset those expenses? Plus cover our own losses. After than its all gravy lol.

Not a life style company? Come on. One of the best paid, least successful BODs on AIM. How much has been raised for and post Atomic? How much debt? How much has the BOD been paid? What the current value of the company? Get your heads out your A. When the big news is that youve just taken on huge debt that you cant currently service for 500bbls of oil, on top of the current debt that you cant afford to service, so that you can get additional debt to replace part of the current debt...well

BTW what's the August drilling plans?

I expect we will see another placing next week to raise for Cuda again...

I have to say the term “supplement the Company’s revenue” implies the expected revenue is fairly small fry. Still, every little helps.

RBL for 38mbls? Does it matter how much we say we’ve got if we can only get 1500bbls per day? Clearly the over 1 billion barrels plus on an RS report isn’t going to impact the RBL plans so it doesn’t actually have any material impact on the company until the horizons are actually drilled. Clearly this is make or break for COPL, the level of debt by year end will be extraordinary relative to the market cap and production. If production isn’t ramped up significant over the next drilling period this one could go under. Large investors know this is on a knife edge.we were losing money before Cuda. Are we still losing money after the bond payments? How much will additional debt cost. What will the break even production by at that time? 3kbbls per day?

13% interest per year increasing by 0.75% every 3 months.

More dilutions to look forward to, but pales in comparison to the convertible bond dilution.

Will cuda really pay for all this? Obviously current production isnt even breaking even so it will also have to pick up some of that slack too.

Wow a $25m delayed placing as opposed to the RBL eveyone had pegged on. How many times have we raised for Cuda now? Revenue still not going into COPL coffers. What a sham company. Must have raised around £200m by now, all in.

will it hit 180? 160? This was over valued at £8 but £2?

I expect some kind of operational update on the progress of new processing line and additional drilling rig before the quarterlys. Just to say all is up and running smoothly, whther or not we get some guidance on the production uplift.