DB and you’re clearly not acknowledging what he’s referring too…which is very relevant to current WTI prices…
“At 1,250bbl/d in 2023, we estimate pre-hedging EBITDA of US$7.3mm; at 2,000bbl/d this would be US$20mm, which shows the impact of being able to raise production.”
If anyone missed the broker note…
https://wetransfer.com/downloads/3276c949a2aa7010906fbe14fd08d65920230719071811/fa91ea
COPLs new high-pressure system will be online soon which will allow them increase oil production SUBSTANTIALLY…
July 6th RNS:
· Construction of the BFSU's $4.5 million high-pressure gas gathering system upgrade is on target for completion this month as previously disclosed.
o The high-pressure gas gathering pipeline system has been installed, and tested and is awaiting the following:
Ø Delivery of the first three of eight high-working pressure wellsite/production separation facilities required for the upgrade is anticipated by week's end, with the balance of the units being delivered over the following two weeks. Six of these units were fabricated in Alberta to specifications for winter operations common in Alberta, Canada which should mitigate the issues experienced at the BFSU during the winter of 2023.
Ø Upon installation of the wellsite/production separation facilities, the system will be commissioned.
COPL PR:
https://twitter.com/coplinvestor/status/1677376342197776384?s=46&t=OVzGJM4-LaH6nhPXzhnQyQ
https://twitter.com/coplinvestor/status/1677377102776000531?s=46&t=OVzGJM4-LaH6nhPXzhnQyQ
What did the joint broker have to say about the benefits of increasing oil production?
“At 1,250bbl/d in 2023, we estimate pre-hedging EBITDA of US$7.3mm; at 2,000bbl/d this would be US$20mm, which shows the impact of being able to raise production.”
Trolls must try harder…time is running out :)
The calculation assumes 2 things will happen…
1. The SP will stay at 1.5p for the foreseeable
2. Art will continue to pay interest for the bonds in shares for the foreseeable
The assumptions are a little…pessimistic lol
I think LLP usually does the in-depth post on figures…
There wasn’t much to take in as the injection volumes were lowered whilst GGS was being installed from what I saw…however there were some increases on some individual wells…
Main event in June was the 22-27v well as it was shutdown for 11 days which is based at the gas plant so loads of work going on which is good…
Expecting August figures to bounce back VERY hard once the new system is online! 😄
June figures are out and are above what Art stated in the RNS on July 6th… Art has proven again his figures can be trusted🤝
July 6th RNS:
“Oil Production in Q2 rebounded to an average 1,250 Bbl./d, with production for the month of June averaging 1,249 Bbl./d. Pipelining at the Company's Barron Flats Shannon Unit ("BFSU") caused intermittent interruptions in injection volumes and production volumes due to temporary shutdown of certain injection wells and production wells.”
Official figures for June…
37880 barrels / 1263 bopd avg.
http://pipeline.wyo.gov/AllOpcoProd.cfm?oops=ID17447&RequestTimeOut=65000&nOpco=1769
Hello Trans, forget about the SP and focus on MCAP… currently £10m
The figure I quoted(HEAVILY discounted)… “$477.6m(£369.2m)”
Remaining bonds and SCF… let’s take off $100m because I like round numbers…
Still leaves us with $377.6m(£292.1m)
You talk about bonds, bonds, bonds and debt so let’s keep the $100m allocated to clearing that(although it’s under that figure)… and go to real world figures with JUST COPLs booked reserves and what that would yield at todays rates…
COPLs RESERVES ALONE at todays market rate would be valued at… $169m which covers all debt(bonds included) and then SOME…
Are you starting to understand my point trans… I would love to hear your thoughts on this?
Remember this from a while… This is not a ramp or deramp just facts…
Assets: $100m+, Booked oil reserves: 33.8m barrels of oil(Prices at $2 per barrel which is fire sale prices is worth $67.6m, Gas injected in the ground(Can be sold): $60m, OIP under COPLs land 1+ billion barrels of oil(Let’s price it at $0.5c per barrel as it’s not booked and factor in only 50% recovery which would make the asset worth $250m…
So at current pricing with HEAVILY discounted figures above, COPL has a MCAP £10.7m but is sitting on a value of $477.6m(£369.2m)…surely some can agree the maths isn’t adding up at present?
But I’m a paid ramper…good one
Pilot…lol
“Crazy valuations of £10.”
Come on now that day I was clearly playing with the trolls😂
My opinion… absolute shambles with the way comms and finances have handled but we are where we are…
However fundamentals remain very strong which is why my positioning has not changed…
People that speak to me privately understand my thought process a little more… have a good day pilot :)
Plaice they get more desperate by the day… It’ll be entertaining to see their positioning on the day the RNS lands…
“This is a dead dog but look at me I made £50 on a quick trade”
Lol
Recently there’s been an abnormal rise in activity from the trolls but it’s not hard to see why…as much as they tell everyone this is a dead dog if that was the case why do they need to remind us everyday…I assure you it’s not for your benefit :)
The high-pressure gas gathering system that COPL spent $4.5m on, is nearing its commission date so the trolls are throwing everything at COPL before the inevitable RNS drops so they can get a cheap entry…
They’re stupid but as not as stupid as some think as the agenda is clear as day… Expect the games to continue leading up to the main event :)
What happens after the new gas gathering system is online? Oil production goes up Up UP🛢️📈
Have a great day all😄
I can’t think of a reason why Wyoming wouldn’t be too of the list for a new major refinery…
The other day…
“Exxon Mobil Corp (XOM.N) on Thursday agreed to buy Denbury Inc (DEN.N) for $4.9 billion to accelerate its energy transition business with an established carbon dioxide (CO2) sequestration operation.
The acquisition, which sent both companies' shares lower, gives Exxon ready-made CO2 transportation and highlights its bets on making carbon capture a profitable business. U.S. tax credits for reducing planet-warming gases have set off a race to build carbon capture sites.”
https://www.reuters.com/markets/deals/exxon-buy-denbury-49-bln-deal-2023-07-13/