Member Info for Danielm89

Apologies also pilot heat of the moment and all that. I forget who the goodies and baddies are on here 🤣

Interesting links on carbon capture in the telegram group.

Imagine if it is part of the bigger plan.

Yes the hedge contact is for only the first 948 barrels, it’s an 8month contract not 6. We’ve all been through the mill, this asset and the money and time needed to get it performing wasn’t anticipated by even the worst derampers. But a corner is surely nearly turned. I hope one day we can all enjoy copl, instead of being blindsided and made to look like fools, that’s all of us included in that!

Have a good weekend fasty ❤️

Apologies pilot I missed off $3.13 and over egged it 2 barrels oh what a fool I am 😉

“ We cannot go forward with a Hedge in the low 50’s”

🤣🤣 I’ll keep reminding you that you said this, scary you think this is company breaking

Appraisal well: exploration well drilled to establish the extent and size of a petroleum deposit that has already been discovered by a wildcat well.

COPL expects conversion of Frontier 1 Prospective Resources to Contingent Resources and ultimately Reserves as additional producing wells come online; 

· The Company has defined an "Oil Down To" elevation for the Frontier 1 at Cole Creek with an area of approximately 8,000 acres; 

· The Frontier 1 recompletion program at Cole Creek will continue with 4-27-35n-77w. 

In the last week of December, the Company initiated recompletion operations on the well 11-27-35n-77w to evaluate the light oil potential of the Frontier 1 reservoir sands. 

Following the announcements by the Company in August and November 2021, discovery has been confirmed on COPL's large leasehold position in Converse and Natrona Counties, Wyoming in four (4) Frontier Fm. (1&2) and one (1) Dakota Fm sand(s).

Productive reply, and already guessed your reply by the looks 🤣🤣

Oh fast food, I love ya ❤️

I’ll also leave you with this.. the hedge is for the first 950 barrels… at $56 wti is at $76 wti futures all the way to next year also sit at $76. Meaning the realised loss is $600k per month, sad but it’s 1.6m instead of 2.2m

What uptick are you expecting on the GGS devil and fasty? Zero clearly, at 2500bopd which is stated in the broker report and presentations as being realistic would be around 5.2m revenue per month at current oil price and with the hedge.

If that is profitable, it places no value on Cole creek or JV at 12m mcap…

BUT THE BONDS!!!!!

· If at any time the Main Bondholder owns at least 20 per cent. of the total Company common shares in issue, the Main Bondholder has agreed to enter into a relationship agreement with the Company on customary terms in the London market (consistent with and no more extensive than the terms required in respect of a Premium listing) on terms reasonably acceptable to the Main Bondholder.

🤔

Never said it was fully appraised, you failed to explain what appraisal is. You got very confused, especially when I showed RNAs that show appraisal happening right now 🤫

If you read multiple sedar filing you’ll find it, it’s also mentioned in the amendment to the scl, where put options instead of swaps are allowed…. Do you know what they are? Or are you confused again

We’ve had no hedge for the past 6 months, so not necessarily fasty. All interest paid in shares, I suspect the numbers of q2 could squeeze out a little profit. Maybe… just maybe securing an RBL off the back of it 🤞

RBL and JV landing together 🤔

Hedge doesn’t start till 1st July and is for the first 950 bopd. Although it could technically be cancelled again cost free. Seems you don’t know or fail to acknowledge 🤷

By year end we could be:

Profitable

2500+ bopd

Major JV

RBL facility for $100m

Starting to drop horizontals in Cole creek

Hopefully he pulls it off

I know buddy, interesting they want to keep 20% of the company.. time will tell but the great dumping of 2023 could nearly be over

Who knows, the bondholders put that stipulation in there for some reason. Seems they would like to keep at least 20% of the shares. They have a large warrant holding at 6.75p (no vwap bull) pure and simply 6.75p, you’d expect them to be exercised at 7-8p. That must be at least 5% of their 27% holding.

So if this relationship is to be realised they don’t have much left to convert to stay at the 20% mark.

Including warrants* sorry

· If at any time the Main Bondholder owns at least 20 per cent. of the total Company common shares in issue, the Main Bondholder has agreed to enter into a relationship agreement with the Company on customary terms in the London market (consistent with and no more extensive than the terms required in respect of a Premium listing) on terms reasonably acceptable to the Main Bondholder.

Bondholder sits at 27% including bonds. Be interesting if this relationship is realised, bond dump nearly done I recon. Next dump show at 7-8p, whatever gets us there will churn that in no time.

All systems go, has it been twisted to look negative yet? Pipeline is INNNNNNN

The Company's Reservoir Engineer and its specialist reservoir engineering firm are developing a revised miscible injection strategy for commencement late in the third quarter following the upgrades to BFSU gas gathering system and production facilities.

C02 👀🤞😉

We bought CUDA (25% interest) for 20m out of bankruptcy…

So anyone who thinks this JV is just some crappy worthless JV needs to understand the company and Art.

He bankrupt CUDA on purpose then dragged out a battle for 25%… if you think he’ll give up an interest in the field for some meaningless JV, you’re very wrong.

This is what excites me about all this, for Art to even think about a JV it’s obviously a big deal.

Food for thought:

The initial phase of the second Cole Creek Unit ("CCU") recompletion for Frontier 1 oil production has been completed;

o  The well has been perforated with oil inflow observed on perforation. The Company is evaluating options for stimulation of the perforations, and the timing of these, in conjunction with its JV discussions.

Recompletions seemed to have paused since this statement… RBL paused

What if the RBL is what’s causing the delay? Maybe art couldn’t get sufficient RBL coverage off the back of an MOU with a “large oiler” and needed full commercial terms..

Imagine walking into a bank with 40m reserves and a signed JV with an exxonlent large oiler… he gets that RBL 9 times out of 10. Would love if RBL and JV drop at the same time. RBL on reserves COPLs size is 75-100m

Even I agree with this Bladderman, how he hasn't safeguarded shareholders by requesting a quarterly limit on amount of bonds that can be converted escapes me.

FF you do realise the find is one big connected system and any recompletes that hit "the find" wether its fed deep or cole creek.

I do agree that the development will definitely be expensive, that's why I suspect a staged approach like ARCM whereby the JV gets more and more of the cake in increments once stages have been finished. But all speculation and best to just wait for the RNA.

Recompletes are low cost 300-600k ish

there 18 recompletes to go at if you've ever read into the company properly..

"Recompletes Gamechangers"

your definitely playing games FF

Your in echo and arb 🤣🤣