Watch LIVE the focusIR May Investor webinar with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund here.
One thing to remember is the last time injection rates were boosted it resulted in a daily high of 2700 bopd…
The new gas gathering system will allow this to happen again but this time the wells will be given room to continue the upward trajectory :)
Some are acting about cash burn…
The gas gathering system was upgraded in the second quarter for under $4.5m…
I think I found the reason it’s a GREAT use of funds :D
Oil production about to up up UP! :)
All that oil and soon enough COPL will have help from a much larger oil company to extract it very quickly!
I feel another very blue week incoming with news now due to land within days… sub 5 could be in the rear view very soon :)
You do realise the two re-completions on the CC 11-27 and CC 12-23 wells played a vital part in the ‘established energy company’ signing a ‘letter of intent’ with COPL for a JV to exploit the frontier oil resources in Cole Creek…
Also following on from LLP it looks as though the CC 11-27 well has officially been logged against the Frontier 1 formation(This is what has caught my eye as it didn’t think it would be done until full re-completion)… the well was only online for 14 days in June so there’s a possibility COPL have perforated the remaining frontier 1 sands as it’s something they wanted to do…
This will probably be apart of the JV but you never know we could hear something soon :)
The NAV given by Hannam&Partners only takes into account 5% recovery of COPLs 1 billion barrel plus oil discovery and does not factor in any CO2 use benefit…
Risked NAV: US $154.1m(£120.9m)
Unrisked NAV: US $610m(£478.5m)
If the recovery rates are higher which by COPLs estimates and industry standards they’ll be between 40-50% with use of secondary oil recovery methods(Gas injection) then no reason to assume they won’t reach £1bn valuation if they’re not taken out beforehand🤝
What’s COPLs current MCAP? £30m
Huge upside potential…broker note below…
https://wetransfer.com/downloads/c2ba3e229a76b5b195da2985130b235020230805075045/032590/preview/ac52bc11766fcc26d1e23e4328b260a720230805075052
Well this week was exciting and on no news!
All eyes on next week when GGS news is expected to land… 5/6p definitely on the cards now with the momentum COPL have at the moment…
Have a great weekend all :)
P.s. Fastfood we might not have to wait until December after all ;)
The attack on 4p is looking very good…FOMO Friday do you really want to be out over the weekend? ;D
A great day here and MM’s I have one last thing to say…
More blue pleaseeeeeeee! :D 🔵💥📈
Should be another great day here if the buying continues in high volume and who would want to be out with gas gathering system news arriving very soon!
Yesterday USA finished at 4.2p and Canada finished at 4.13p so we’re all set up for an attempt at breaching 4 here today also :)
Here’s to another very blue day…I think the shorters should start covering :D