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A while ago someone posted some research as to timescale between LOI & JV
The average was 43 days. Nearly there.... First week in September?
This was my tweet at the time this research was posted
https://twitter.com/Chuggley1/status/1692503533872992537?t=As_Dq5VA4g5KjMjNiKEGqg&s=19
Sounding like it's getting close. Ignore the sp game.
https://twitter.com/Chuggley1/status/1692503533872992537?t=1r8L2906jnBcgX4kn8EPGg&s=19
Jv is only for Cole Creek
Main production and revenue is Barron Flats where separators and ggs have just been installed
https://twitter.com/Chuggley1/status/1683441309502038016?t=HWwF-j2j2Ti9DDTchfr7XQ&s=19
Great news as copl retain 85% wi in Barron Flats which is where ggs is installed and production is increasing
https://twitter.com/Chuggley1/status/1683441309502038016?t=HWwF-j2j2Ti9DDTchfr7XQ&s=19
1. It can't sat who it's with
2. Sounding desperate saying not who everyone wants. Thing everyone expects. But any large suitor would work.
3. Very good chance it's ExxonMobil given the areas geology suitable for co2 storage, their interest and them having purchased pipeline only 25 miles away
IF theres a bond conversion to negatively effect the sp from where it is now it would need to come quick and before ANY positive news - if news comes first - the sp will be much higher than where it is now - regradless of bonds
Id guess there are options - lets see when the JV negotiations are complete
But also keep eyes on the prize - potential to hit 5000 bpop and more
even at lower 2500 (ish cant recal the number) isnt risk nav around 16p and unrisked well over 35p
And as i say thats at lower bpop and without CO2
It is - but a tax credit is as good as revenue as it reduces down tax libility increasing profit
Forgive my possible incorrect terminolgy but it adds up to the same
Saying that none of us know how it will work for example Exxon could pay COPL in the form of a revenue and claim the tax credit - im no accountant so not sure of the options - either way its a positive
As to reinjection and not flaring yes - thats what im referring to with the GGS as thats how it worksor can work