Member Info for Eazy

10…lol

@wwal17 My thoughts are they had cash flow requirements that needed to be met for their business…nothing more than that tbh

Holidays in the USA/Canada on Monday and Tuesday next week so maybe they’re going on a splurge lol

Added yesterday and will add again next week depending on price…

Why? £11m is outrageous and why would I wait for news when I can add before news

• May production figures from WOGCC

• Confirmation all well conversions are completed(first well increased oil production by 110% and 4 are now done)

• June production update from the company

• Confirmation of completion of GGS upgrade works

All of the above could/should land excluding any extras in July and COPL is now at a level where any positive release will see the SP respond to the upside imo.

Thanks trujack that helps us to confirm how many Anavio(cornerstone investor) holds vs smaller bond holders…

Total bonds left as of today:

2027 Bonds principal outstanding: $12.6 million (63 bonds)

Anavio: $10 million(50 bonds)

Smaller bondholders: $2.6 million(13 bonds)

2028 Bonds principal outstanding: $13.6 million (68 bonds)

Anavio: $11.6 million(58 bonds)

Smaller bond holders: $2 million(10 bonds)

Also this…

“Anavio disposed of the Common Shares for internal risk purposes and remains committed to working with the new board and management of the Company to deliver the most value for all stakeholders and shareholders.”

🤝

Small correction… It was 4 high productivity wells that were chosen for conversion to high pressure pumping-flowing unless Art added more wells into the program…

Also 9 wells which includes most if not all of COPLs big producers are the ones being tied into the upgraded gas gathering system with completion of the works scheduled for July…

Shaa I agree…much to look forward too…

Also with the recent info stating all the well conversions are potentially done it bodes well… the first converted well increased oil flow rates by 110% so if the other 9 wells also show an increase then July figures could be substantially higher…

High pressure gas gathering system(5 mile steel pipeline installation) upgrades are expected to be completed in July so a lot is happening on the ground on COPLs field…

Art could do another re-completion in Cole Creek to allow COPL to book reserves out of the frontier 1 and possibly restructure hedges again seeing as there’s still a weakness in oil prices… as you say still all to play for👍

Is it really a ‘deadline’ Stas…

A lot of companies operating in Wyoming(yes the large ones lol) file their figures much later than COPL…

When doing some comparisons COPL are actually very good on that specific matter which can be verified…

Releasing the figures at the end of month is following the normal procedures that most oil companies follow in Wyoming…

I agree Art could’ve released the figures onto the WOGCC site earlier but there’s more to the figures than just what’s in the headline which most look at…

The JV talks COPL are currently in includes Cole Creek which probably to the potential partners annoyance, no wells in this field are under confidential status so this could play a part in to why figures are not released ‘earlier’ than they’re needed to…

At least we’re now finally at the end of the month so if the figures are not out later today they will be in the next few days…should be very interesting when they’re out :)

All good stas :)

Just happened to be on holiday when the market decided to take COPL lower lol

I’ll be back soon just soaking up some sun… although I might buy some more on open tomorrow we’ll see :)

Strong buy opinion stands… MCAP £10m compared to the assets and fundamentals…hmmm something doesn’t add up…

Speak again soon😄

Next week should be good… almost a guarantee we’ll get the official production figures for May and could even get an RNS…

Have a great weekend all :)

Next week we’ll get the production update from WOGCC…

Should be an interesting day when that’s released…If Arts figures match up the market will start to believe once again :D

Also when June figures are eventually released I’m going for something around 1500 bopd🛢️

The tide is changing🌊

I like the comment below…

“And unless I’m missing something critical, the market will wake up with a jolt.”

The market is preparing for the CEO not to deliver even though recent targets have been met and looks as though this will continue to be the case…it’ll wake up soon enough :)

* Production update confirming a further increase in oil output

* More well conversions

* More re-completions

* Confirmation of completion of high pressure gas gathering system installation(Scheduled to finish next month)

* JV agreement

All can land within the next month✨

Some good info posted in this thread…

It won’t be long until the new figures are out and we find out how the field is getting on…things can change in a flash once data confirms the story :)

Stas I agree the figures from the 23-27v are impressive…one thing that’ll make you and others happy if they weren’t aware already is that this well is one of the closest to the gas plant so should be one of the first to respond when injection rates are boosted once the high pressure GGS system is in place :)

I don’t know if you noticed the 22-27v wells gas output is also off the charts lol…once they complete first phase upgrades to the facilities you can start to see what’s going to happen with production🛢️📈

One more thing as I don’t think you picked it up…both BFU 22-27v and BFU 23-27v are already tied in to the gas plant via 3" high pressure piping…

Things look very good going forward from here👍

Good analysis Stas…I was thinking to do something similar so that saved me the trouble lol

“Either way a completed phase 1 takes us to at least a monthly figure around 56,700 bbls a month and that will then be built upon by phase 1b TBA”

One thing to take into account is we could see a quicker move upwards than expected(June and July Prod.) due to the below being done prior to the completion of first phase upgrades…

“ Oil production from four high productivity flowing wells was impeded in 2022 to present due…”

“To increase average daily oil production from these wells, they will be converted to pumping-flowing wells with enhanced pressure rated wellsite equipment to permit safe and efficient operations. Field operating costs will also be reduced measurably due to the reduction in well interventions to remove paraffin blockages.”

As you stated the first converted well outperformed expectations increasing oil flow rates by 110%…with 3 now completed(as at end of May) if they all follow the same sharp increase then things could get very interesting :)

It does a little but it leads me to one more question…

Why are you here as 39 posts in one day for a company you don’t have faith in is quite an achievement wouldn’t you agree? :)

“It’s not rocket science”

Not that easy lol… got to have more detail than that Fastfood I know you’re a smart dog…

What can you tell the board that can substantiate the reasoning behind your negativity at this stage taking into account milestones that will be reached going forward?

Fastfood 36 and counting…

so you think this will go down to the 2’s…give the board an insight into why you think this and why your views are constantly negative? Any agenda apart from trying to save the masses?

The floor is yours ;)

35 posts and counting from Fastfood today…

From someone who doesn’t like COPL…keep going troll let everyone see how you operate ;)

@stas I would be very surprised but that’s not something I’ve considered as there is no reason to…every time Art has stated a monthly bopd figure this year via RNS it was found to be around that figure when official figures have been released…

January: Arts figure - 1,080 bopd / Official - 1,070 bopd

February: Arts figure - 1,200 bopd / Official - 1,275 bopd

There was no monthly figures given for March or April from doing some digging so on that basis I’ll take Arts word on the May figures being around 1,330 bopd which will be a 17% increase(thereabouts) in oil output from April to May…

The oil figures for the 44-19v well will be the most interesting :)