Member Info for Charlie1984

Has anyone contacted ii on this matter i you have please share correspondence

Devilboy read my posting history before you spout of your crap - review last paragraph if you read further there is more than one reference to my 12-18months but heyho

Charlie1984

Posted in: COPL

Posts: 6,820

Price: 0.345

Strong Buy

Time lines for quarter01 Sep 2021 08:06
Just to point out accounts for Q1 ( January to March) where delayed due to RTO.
In Q1 accounts it was highlighted due to RTO date of the 16 March accounts only showed the initial period of miscible flooding at Barron Flats for 16 days.
A big jump was noted in that RNS of 50%
Q2 accounts issued today show the period of April to June with a total increase of 123% from the 1st April - 24% of which has come from the last update on the 17th August (only 2 weeks ago).

To continue to see large percentage jumps in bopd cements the fact that miscible flooding is reacting better than anticipated and beyond the expectations of the simulator and software that the engineering team used to gauge outputs and support the Rider Scott report.

With the continued output figures it will be interesting to see where we are in 4 weeks.

That’s correct only 4 weeks remaining of Q3.

Fantastic efforts by all involved and things are going to start to get very interesting, very quickly here.

Still standing by my calculations, was always a 12-18 months hold for me to see true value. I guess the only thing I couldn’t have calculated was Hadron dumping and PIs pulling cash out or trying to trade until we get traction.
This will re-rate just a matter of time but going off the updates we are seeing surely this is de-risked as miscible flooding is performing better than expected and bopd continues to increase faster than the RS report.

Wasnt going to reply to Gold but heyho.

I like Tiburn and others who work in the industry or have some industry understanding would have been under the same impressions that the pressures would and should have been a quick fix and hence why the confidence the BOPD would have increased once the pressure was under control.

What we dont understand is the setup, recovery cycle, if avoiding flaring then pressures are harder to control as your just not burning the gas off. Additional plant and equipment to cope with the pressure at site, delays with deliveries etc and being able to work only in set months and when weather conditions allow.

Very easy for the keyboard warrior to sit on his high horse shooting everyman and his dog down.

I do invite you to offer your knowledge and understanding to this BB who would love to hear your interpretation with factual guidance if that is at all ever possible?

So been a while since i posted even though I have been checking the BB from time to time.

This BB seems to be a wash with misinterpretation and information. Those with an agender to drive the price up or down shooting down decent posters or reporting informative posts to get them removed.

Interestingly I had set a side 18 month minimum to see things start to materialize here, never did I think i would have gotten the opportunities to continue to load up at these levels.

Sat enjoying the Thailand sunshine very relaxed and topping up at a ridiculous SP every month on payday is a no brainer.

I have posted facts and figures working on P/E ratios, balanced on costs and BOPD, and I cant for the live of me figure out why this SP is so low.

Given the pressures are fixable but un-foreseen we need to give the team and engineers time to plan the best way forward. We are talking high pressures again on a recovery /recycle will draw down the production costs.
WTI is happy over 100$ and the increase bopd from CUDA will do well in the short term IMO

Sometimes its not as easy as putting a few nodding donkeys on the play, there is some technical calculations and adjustments to be done. Once the process is working and under control it should be plain sailing.

Additional discoveries and you ask yourself why aren't we already in the 40-50p range minimum even if the market doesn't believe its eyes it will need to make adjustments one the figure are improving and the profit moving in.

Unless you looking for a quick flip I am unsure why you wouldn't want a few waves of news and positivity together to increase sentiment rather than RNS space out and sold into by the traders.

This will pop just a matter of sitting on your hands - GLA

Lots of fannnny flapping going on here why?

A bridging loan for 12 months with 12.5% interest, half the price of most credit cards.
We have missed payments due to the compressed BOPD.
Cuda looks like a done deal and the additional revenue from Cuda stake once production is again ramped up will more than cover up he $1.66m on average a month + $210k a month interest.
Some forget that this stake is not hedged so we will be Ivor from the hedged gas price and in hedged oil price and current highs of the WTI.
We have the FD and cash now to progress this, once further drilling is done it opens the doors to JV or buy out.
So the only additional finance is a repayable bridging loan and dilution to raise working capital to extract and increase the company’s value and potential unground reserves.
Of the bopd has been compressed to get Cuda on the cheap hen the reflection of bopd increase should be fairly rapid.
Going from A-B is not always straight forward.
Some hoping that Art would have spelt out a potential dilution and would have cringed more at a lower SP and higher share dilution.
The confidence is that art was happy to buy a large holding at 34p, he likely didn’t expect to miss repayments and need to get the bridging loan but heyho.
Onwards and upwards cannt see any downside from here glad of another opportunity to top up.
Gla

Still here in Thailand just starting to warm up a little, 36c today.
Maybe pop to Mexico or Dubai next month for 10-14 days vacation as I have been here since the start of November.
They have even got CreamFields scheduled in Pattaya for the 28-29th May for your arrival.
Just enjoying the Monday-Friday 40hrs a week

30th march we are due Q4 accounts expect these to released anytime up till this evening on SEDAR.

I cant imagine until Cuda is signed off we will see any updates on pressures or increase in BOPD. There will be no information that could compromise negotiations possibly seeing us needing to increase the value of the offer made.

It will come you guys just need to chill a little bit........................................

Reference statement in the document in the drop box -

Contango shares held byCGH (the "contango shares") now represent the bulk of CGHs realisable asset base. CGHs sole director and its management team have therefore determined that the appropriate course of action at thi time is to take steps to distribute the contango shares to CGH shareholders on a pro-rated basis (the "dividend in specie").

Looks like the sale of CGO shares or distribution of CGO shares by way of a shared dividend followed by a windup of CGH.
So at some point looks like we might receive something.

https://oilprice.com/Energy/Oil-Prices/100-Oil-Is-A-Wakeup-Call-For-Canadian-Producers.html

Tree Fern
They are in relation to the reserves recently RNS in our FD license 1.5-1.9 billion barrels of oil this doesn't include our other known reserves.
Just need to see the reserves accounted for in the Ridder Scott report which is expected with Q4 accounts at the end of this month

Very good summary and certainly a lot of news due on multiple fronts, the quiet period of radio silence seems to have coincided with the current biding and its a belief of many that the slide in SP due to this radio silence will only support a lower offer for Cuda.
As you point out Cuda isn't the only bit of news and I am sure the team have been working on all fronts and are just waiting for the window of execution to explain everything in detail to the market.
Some will need to be a little more patient .............. GLA 11 trading days left before Updated RS report and Q4 accounts. A lot can drop in between then as well.

These are likely from a fee tree trading account, they individuals often try and use "Codes" to symbolize something that isnt happening or just buying silly amounts of shares as it isnt costing them anything, just annoying as it is also pushing the trades of the board unless your a premium holder

Nice to see the de-rampers back surely indicates they are trying to retake a position.
Those that have watched the SP will now the spread gets open and the MM love to try and create a market why we await news.
SP is up and down with in a range but holding the base steadily.
11 trading days left till Q4 accounts are issued along with the prepared updated Ridder Scott report which is required for compliance of regulations over the water.
24 hrs for news on Cuda deal. We either have a partner and a whole bunch of cash in the bank so we can support FD, or we have Cuda and additional % which will further increase profits and more so by opening the taps as everything should be ready to be increased substantially which will also support FD so win, win and certainly going to get interesting.

COPL is a fast growing US-focused oil producer. It holds operated stakes in two adjacent oil fields in Wyoming, including Barron Flats where production is set to triple to a peak of ~7 kbopd (3.2 kbopd net to COPL) within 18 months. “(Tennyson Securities forecast, 19 August 2021)”
Little capital outlay is required to achieve these gains, as Atomic had invested heavily in new facilities and wells over 2018-19
COPL has a strong organic growth story in an accommodating jurisdiction, and an oil friendly state of Wyoming, and its assets offer near-term, low risk/high return development upside
The assets have an inclining production profile with low near-term capital expenditure all internally funded: COPL’s immediate focus will be the Barron Flats unit which has existing infrastructure and wells in place for a near-term step change in production. Current output is trending ahead of forecasts.
The Barron Flats assets are modern, environmentally friendly production facilities, producing high margin barrels: it has state of the art production facilities with no legacy abandonment liabilities, zero gas flaring and electricity sourced from an adjacent wind farm
The neighbouring Cole Creek Unit provides additional oil production growth through workovers and the Barron Flats Federal Deep Unit provides blue sky through exploration.
The Nigerian operations also provide significant potential upside

Always stronger in the afternoon, traders taking a little profit from earlier and yesterday 10-15% if we can push on they are locked out, just need some buying pressure

panamabob - certainly a shift change yesterday from in the red to 9.63% up which suggests maybe something is coming

You might have given up on Nigeria but its the value the issuing of the licensing offers the MC and as you point out initial free carry.

With demand outstripping supply, as the supplies from Russia are rocked by sanctions around the world, surely now becomes the perfect time for Nigeria to look at increasing the investment from the big players that have pulled out of Russia.
Given the current price, surely makes sense to start issuing and offering more licenses and looking at tax cuts to attract the investment from these big player who will look for new opportunities...................

Many also forget the hedge on the other rising commodity which was the gas, so crucified for one and not congratulated on the other, even though the one they complain about as you so rightly put it is very volatile ...................

https://thedailybeat.org/elon-musk-urges-biden-to-increase-us-oil-drilling/

Even Elon Musk is urging Biden to increase drilling in US Oil so they can move away from Russia and to increase their own supplies