Member Info for Eazy

Dunc moving thread due to the title…

I guess there’s both sides of the viewpoint to look from but in my opinion there’s no need for a 1000:1 consolidation hence the reason I’m questioning it therefore not giving it my approval…

Current shares in issue… 412m

On 1000:1 consolidation that would change to… 412k

If Art wants to consolidate then he should just ask for the amount he wants and put that forward(not with extras he may want to us in the future)…if he has no intention of using the full amount why bother putting it out throwing shareholders into a panic lol…

It’s all unnecessary noise tbh…

Besides that it’s all about… re-completions re-completions re-completions 😄

Dunc I agree…mountain out of a mole hill

However I have a problem with the amount being requested as it seems like someone wants to pre-authorise more than what’s required to prevent any revisit to shareholders on the matter again for further approval…

Art needs to come back if rejected by the majority with a revised and more suitable proposal…then I’ll listen and so may others.

Anyways… Cole Creek update should be coming shortly😊

Rose tinted glasses? Maybe I should’ve voted yes to the consolidation then if that’s the case

Unfortunately already went with no…😄

I didn’t see that as one of the options when I voted😂

Voting instructions appeared without prompt on IG…maybe they’re the chosen ones lol

Prophetus at it again…don’t worry I know you’re invested ;)

But not really upbeat about the discovery are ya haha…

Recovery rates hmmm… Well at the time of that report Art didn’t have any wells producing from the frontier 1 so you can understand the pessimism towards the recovery rates from the field which relies mostly on the frontier 1 for the bulk of the oil…

Game changing re-completions to get wells producing from the frontier 1… Hmmm that should help quite a bit with that and I wonder why the potential JV partner is also interested in those :)

We know the BFSU has 100 million barrels of oil with a 50% recovery at 50 million barrels recoverable utilising the miscible flood(gas injection)…so we could apply the same recovery factor to the Fed Deep…

In fact remember last year at the flaring meeting… the COPL technical team went over this briefly stating to the Wyoming governor they’ll be going straight to second stage recovery via gas injection(Could use CO2) with a estimated recovery rate of 50-60%…he was very excited about that :)

I wonder why… 1bn barrels / 50% recovery rate = 500 million barrels🛢️

IG sent my voting information out last week and I was able to vote electronically :)

Mountain out of a mole hill comes to mind…with all this excess noise when the consolidation proposal isn’t voted through(looks that way) have your rockets at the ready😄

Edgein remember it’s all a sham…lol

Might as well rename this LSE board to ‘COPL Circus’🎪

Oh now we’ve moved onto play down everything…very subtle

Keep going you’re all doing a great job :)

When’s this placing going to happen?🤔

April -

“COPL Announces Closing of US$14.8 million Convertible Bond Financing”

“A further undrawn element($7m) has been made available by the Main Bondholder, should it become necessary, to ensure COPL will be appropriately funded into 2024.”

I’m with you now…

Even with the past I don’t see why the market is currently preferring to take the reactionary path with COPL.

GGS installation will allow the big producing wells to perform how they are supposed to allowing higher production of oil and we could see some big jumps coming out the BFSU once gas injection rates are lifted from the current 3.5MMCF/d to 8.5MMCF/d.

Example… 23-27v well topped out at around 260 bopd before pressure issues… Now only running at 103 bopd

Could see the flow rates go on a steep upward trajectory once high pressure GGS in place.

Leew GGS works have started…that’ll be beneficial to the SP won’t it?

Oh I forgot who cares lol

“ As is your ‘GGS finally funded’.

Only 8 wells, c.25% of the field, is currently financed for GGS.”

I believe you’re mistaken Dougb

The $4.5m for the GGS installation is total cost…

“The project consists of 5 miles of high-pressure steel pipe routed through the core area of the field. Initially, eight (8) wells of the 34 producing wells will be tied into the high-pressure system, with the current low pressure gas gathering system servicing the remaining wells. The system is designed to optimally capture additional wells with increased pressures as the field miscible flood matures.”

Shouston you need to get with the current program lol

Nobody currently cares that GGS works have started(Art delivered on the date that he stated works would start but who cares), re-completion works starting back up again(Magic number 3 to book reserves out of the frontier 1) and that JV talks have progressed onto commercial terms with an increased confidence in the oil resource on COPLs land(billion barrel discovery)

“But us that live in the real world are actually doing something about it before the 22nd May.”

Don’t know if that was directed at me but I will also be doing something about it…in fact I already have lol

Constantly repeating it though is a little boring… Enjoy the party😊

The party will be resuming soon everyone so have your popcorn ready…

Arts a k nob…can’t trust anything the bod says just sack them all…vote no to consolidation and repeat…

It’s a good show to watch…not…more like dreadful😄

Meanwhile… MCAP - £22m lol

On another note the high pressure gas gathering pipeline construction work must be ticking along nicely in Casper and the CC 11-27 well has probably started its upward trajectory on the oil output after the lengthy cleanup🛢️

Bp looks to be adjusting their focus to try and up oil production…

“BP (BP.L) is ramping up oil exploration and drilling activity in frontier prospects as the energy giant tries to stem a decline in its oil and gas output after years of focusing on a shift to renewables to cut carbon emissions.

The move comes as companies try to balance pressure to slash climate-warming pollution against a desire to capitalise on soaring profits from oil and gas sales, even as governments work to tame energy prices following Russia's invasion of Ukraine.

BP said that on Monday started drilling a wildcat, or exploratory, well far off the east coast of Canada which could open a new oil province in one of the world's most remote locations.”

https://www.reuters.com/business/energy/bp-ventures-back-into-oil-frontiers-boost-output-2023-05-10/

There are loads of hungry oil majors looks for new opportunities to add to their existing production output…COPL is well placed to reap the benefits of this and is currently in talks with a large oil for a JV…tick tock😊⏳

April 20th RNS -

“The Joint Venture discussions continue to move forward and we are encouraged by their recent progress.”

“Substantial additional technical evaluation has been undertaken during this period, which has led to a better understanding, and increased confidence, of this resource.”

10-May-23 11:11:25 5.499 74,686 Buy* 4,107 O

10-May-23 11:10:09 5.50 2,888 Buy* 158.84 O

10-May-23 11:09:50 5.499 250,000 Buy* 13.75k O

10-May-23 11:09:47 5.45 500,000 Buy* 27.25k O

10-May-23 11:09:33 5.4975 1,786 Buy* 98.19 O

10-May-23 11:09:27 5.4975 250,000 Buy* 13.74k O

10-May-23 11:09:19 5.49 36,212 Buy* 1,988 O

10-May-23 11:04:02 5.45 100,000 Buy* 5,450 O

10-May-23 11:03:25 5.45 100,000 Buy* 5,450 O

10-May-23 10:53:32 5.4749 50,000 Buy* 2,737 O

Gobble gobble gobble😊

Actually we closed flat…

L2 on Friday closed @ 5.25 v 5.5

Today @ 5.25 v 5.5

UT on Friday at 5.4p is causing the discrepancy

P.s. James Goozee is a big player which should draw some much needed attention to COPL😊

With the amount of noise around the consolidation topic I would be very disappointed if COPL didn’t rocket after confirmation it wasn’t voted through…mountain out of a molehill comes to mind.

I wouldn’t vote it through even if warren buffet asking…reminds me of thanos with all the gems lol

Meanwhile…operations continue in Wyoming under lovely sunny conditions today.

Time to hand it back to the doomsday patrol :)