Member Info for Danielm89

What takes a lot of money to fund?

Proving up a tonne of oil

This “new lender” prevents placings, we’ve now got a blank cheque to drill “the find”. It’s not rocket science people.

· The Lead Investor and COPL have agreed to a 'tap feature' whereby they can mutually agree funding for development and drilling at COPL's Wyoming Assets, in a structure that fits with a RBL or senior debt.

· A 'tap feature' to increase the Convertible allows COPL to draw further development funds, should it require, with the aim of increasing production or for future drilling plans, subject to mutual agreement with the Lead Investor.

Drop is over done.

Nice to see the polls going to good use. Amazing at building consensus.

Also if it hasn’t been mentioned look at PREMs RNA, company changing, groundbreaking….. 4%. Although the delay is frustrating do we really want to waste a good RNA on a ****tty market?

Also triple bottom now in play, the last time we hit this level in may we went on to do 40% in 20 days on nothing.

The Company is attempting to temporarily mitigate these issues by reducing and shifting injection volumes between injection wells until remedial work on the gas gathering system can be completed later in 2022. This effort is showing some positive results which should become apparent later in the second quarter of 2022.

Recently two pumping wells commenced flowing in line with the predictions of the current reservoir simulation. Re-configuration of these wells to flowing wells has been completed with production increases to be evident later in the second quarter of 2022.

These along with flaring and the discovery well being disclosed surely unlocks new bopd potential, any estimates from knowledgeables would be well received.

Although we probably won’t see a huge production increase near term all these little things, along with medium things like “pipeline” will see us nice. Then on to the big things……

I can assure you I don’t have a “direct line” if you pop to telegram you can see how the whole drama played out properly for context. His email address is out there for anyone to get in touch.

I was concerned that wider market drops were being used to spin peoples own interpretations.

How long has the amount of shares in issue shown as 244m? Only just noticed.

FYI I understand that’s how many we have after the last placing, it just normally doesn’t show up for a while.

Done #copl on twitter. Helps if you click latest.

Key takeaways cash positive, Ryder Scott report another week due to size of find, $12m to fix pressure issues but will be done progressively and no JV planned

You get banned for posting TG links on here

Happy to post the link on twitter for an hour if you want. Search #copl

Telegram

Someone is kindly live typing the whole thing on TG.

Cup holder

Not a problem sir, your math checks out. Although I get $19,000,000ish fully collected in cash from both sales. I believe the full lein bill to be around $4.2m, and you are completely right about the tax part as he also mentioned this.

Not long to wait now everyone. COPL is a beast in the making (not rainbow chasing) happy with 50-60p

The figures known are up to December billing. January and February aren’t added yet.

It’s billed 2 months behind, the amount owed is held anyway. Sorry I normally don’t mind your posts but nothing is “written off”. Been told by the big man himself that all revenue is kept by COPL.

The amount owed is in USD the amount collected is in CAD

Start date of March 1st we’ve already benefited to the tune of 3,750,000 extra net revenue assuming production is still around 1700-1900 bopd range.

Yes so 18.6 ish usd, they had 180,000 cad in cash on hand, and we were paid our full lein. Got to assume Canadian asset anything from 300,000-1m (valued at 8m)

Look at the amount FTI collected on here http://cfcanada.fticonsulting.com/cuda/reports.htm

Gives a clear indication of how much was collected

$17-18 million cash, plus we’re repaid $2-3 million in debt to us.

What may…. CPR, profitable march, CUDA officially signed and non disclosure lifted.

Can’t see it being good. (Insert sarcastic gif here)