RE: COPLs True Value13 Oct 2025 22:02
It’s very intriguing that although we went into suspension 18 months ago there has been no attempts to increase production on the field by the current custodians of the asset, Summit…
What’s even more interesting is that whilst the COPL field maintains an idle flow rate others around continue to make huge progress…
I remember when bold claims were made by those who didn’t believe COPL could get the field to flow…well, we only have to look to COPLs next door neighbour whose field is on the border of the ‘SWP’ asset, ‘WRC Energy’…
COPLs latest full month oil production data(August 2025):
20,601 - 665 barrels of oil per day
Crude priced at $60 - $1.23m+ in revenues
WRC Energy’s latest full month oil production data(July 2025):
425,256 - 13,718 barrels of oil per day
Crude priced at $60 - $25.5m+ in revenues
The data is clear…one oiler lags behind but the other outperforms…
If one can get their field to flow, so can the other…especially if they’re in the same vicinity…
The statement also made in the sales document makes the ‘SWP’ asset even more interesting…
“Net 500 million barrels of oil recoverable via CO2
flooding”
Think.