Member Info for Careful

Arthur Millholland, President and CEO commented: "As one can see we have a number of things going on, all being undertaken by a relatively small staff. What is most important is that we are progressing with our plan as outlined earlier in the year. We are very excited about the Frontier 1 recompletions at Cole Creek. This information was in hard files in storage when our Atomic affiliate bought these assets from the previous operator. We believe that Atomic had not reviewed these files making it likely the opportunity had been missed. We will begin recompletion and testing in December. " - believe previous operator was Exxon Mobil

Shaa weren't implying I was in the know but referencing yesterday's lift in the SP which seemed to indicate positivity towards anticipated appointment. But alas no RNS. Maybe not happening as pointed out - Purchaser sold all the equity shares , why should they be entitled to an NED nomination. I'd prefer Anavio have no more Board influence.

Or thinking outside the box , Art so close to closing JV agreement and issuing bond buy back option , hence no new Anavio NED. Agree with Stas20 Art remains in charge in the background , Cowan & Ryan remain loyal submissive yes men.

New NED appointment seems to be creating a stir amongst those in the know.

Badge of Honor being on jiddy's filter list , worn mine for 12 months now having been wrongly accused.

No one trusts you Fastfood - you and your other slime balls now slowly shifting the emphasis on to a Hold / Long position.

When you lose the 5p wager , you won't make a £ 500 charitable donation .

Morals of a skunk !

Stas20 refer to Unnd's post on this thread. It's a very good summary.

Not the main point Stas20

Art ( in true Art reckless style ) stretched the finances even further , to nearly breaking point with these confidential wells to advance these JVP negotiations

Be so interesting to know the answer to your queries Tiburn on these confidential wells.

Remember the Transcript of the meeting between COPL management & SAS in May 2023. extract - " there was one part of this thing that we could not do from a technical basis and that was until err this year which has been completed and so thats been done to reach the last piece of the puzzle and we answered it for them so all this relates to the end game of getting to where we gonna go "

Reckon it was these confidential wells and Art wants true value for assets from JV negotiations. If not from this JVP from other interested parties.

True value - then I'll forgive him

Thanks Tiburn but I was referencing COPL America's current status , as stated on our website :-

COPL America Inc. ( an indirect, wholly-owned subsidiary of COPL )

" Canadian Overseas Petroleum Limited (COPL) announced, in March 16, 2021, the completion of the acquisition

by COPL America Inc. ( an indirect, wholly-owned subsidiary of COPL ) of Atomic Oil and Gas (LLC) that includes its wholly owned subsidiaries Pipeco LLC and Southwestern Production Corp. (SWP). "

Come on Fastfood spill the beans

Thanks Tiburn but I was referencing COPL America's current status , as described the website :-

COPL America Inc. ( an indirect, wholly-owned subsidiary of COPL )

" Canadian Overseas Petroleum Limited (COPL) announced, in March 16, 2021, the completion of the acquisition

by COPL America Inc. ( an indirect, wholly-owned subsidiary of COPL ) of Atomic Oil and Gas (LLC) that includes its wholly owned subsidiaries Pipeco LLC and Southwestern Production Corp. (SWP). "

Edgein

agree the JV negotiations are being run by Art and only Art .

and COPL America is 100% indirect subsidiary. ( never understood the indirect bit )

But parent company COPL and hence Anavio with one board member soon to be two board members of the parent company will sign off the deal ( if meeting expectations on value ) and recommend to shareholders , that's influence on the JV outcome.

Stas20 like your thinking re COPLA , Art comfortable moving to COPLA " focus on JV and field for now " & still influencing via Cowan's " in good hands "

Edgein disagree , Anavio have one , soon to be two people on the BOD - that's influence.

Another reason to under promise & over deliver :-

"An employee voluntary salary reduction initiative is in discussion with senior employees,

reductions will be "made whole with bonus" when certain milestones have been reached as determined by the COPL"

Wish Transhaven would labour on his other Anavio work elsewhere.

Think you might of hit the nail on the head there Stas20

https://www.vermilionenergy.com/our-operations/north-america/united-states/

2014 - Vermilion entered the United States through the acquisition of 68,000 acres of land in the Powder River Basin of northeastern Wyoming for $11.1 million.

2018 - Acquired the assets of a private oil company in the Powder River Basin for total cash consideration of $189 million, adding 55,700 net acres of land (96% working interest) and 2,500 boe/d (63% oil and NGLs) of production.

PS wasn't that scarce GGS piping sourced in Calgary

Do we have 45000 acres ? ( 70 sq miles )

Credit to / courtesy of Eazy

RNS on the 6th September…

“Through further geological study, he and his team have revealed a vast area of bypassed oil pay in the Cole Creek area, adjacent to the BFU. The prospective horizons are currently under Joint Venture negotiation with a respected industry leader.”

Indications are COPL have found more oil under their field which would be in addition to their billion barrel discovery the market is already aware of…

I've done some digging on Cole Creek and I've come to the conclusion the additional oil was probably found to the north side of Cole Creek due to us having no operational wells currently in that area and Arthur has been doing well tests in the north recently... What other reason would he have for doing tests up there when all of the current producing wells are to the south ?

This area is 3.5 miles north of the operational wells in CC currently targeting the frontier 2 formation…also any existing wells(currently offline) COPL have in that area are all targeting the Dakota unlike the operational wells to the south so the frontier formation remains untouched...

If my suspicions are correct then this would definitely be a very vast oil find under Cole Creek and something that would definitely benefit from CO2 injection for enhanced oil recovery and Storage.

JV partner must be licking their lips

These links work :-

https://www.shalexp.com/wyoming/converse-county/cole-cree/143123

https://www.shalexp.com/southwestern-production-corporation

RNS 6 Sep 2023 quotes :-

" further geological study, has revealed a vast area of bypassed oil pay in the Cole Creek area, adjacent to the BFU. The prospective horizons are currently under Joint Venture negotiation with a respected industry leader ".

" if the interest being shown by certain third parties in joint venturing with us matches our own views on value, we will seek to further scale through partnership."

Good hearing that work continues in the field to lift production.