RE: Re.Copl19 Jun 2023 17:25
23rd Jan -
No RNS about the JV but Art confirmed the JV party requested and was sent the data of the successful frontier 1 completion(Which confirmed the JV party had got back to him in January but talks still ongoing)
1st Feb -
“The Company confirms that it is actively negotiating terms for a joint venture for the long-term development of its Wyoming assets. The Company plans to announce the detailed terms as soon as they are agreed.”
20th Mar -
“The intention of this Convertible Financing is to sufficiently fund COPL for production growth, while allowing management to optimally conclude their RBL and JV negotiations.”
31st Mar -
“The Company's short-term operations will focus on: Concluding a joint venture with a large oil company with operations in Wyoming to appraise and develop the Company's deep oil discovery”
20th April -
“Frontier oil Joint Venture discussions are continuing, now focused on commercial terms.”
30th May(Presentation) -
“Discussions/Negotiations are in progress on the terms and structure of a Joint Venture.
The objective of the concept is to end at an early stage EOR project similar in nature to the BFSU Shannon miscible flood.
This group has done substantial technical due diligence to date.
The company more than stands by its initial assessment of the resource.”
5th Jun -
“The Company is evaluating options for stimulation of the perforations, and the timing of these, in conjunction with its JV discussions.”