Member Info for Eazy

“how do you know the JV is ongoing?”

Stupid comments like this and they wonder why most are currently avoiding this board like the plague🤷‍♂️

An official RNS released by the company on the 20th April 2023 stated the below…

“Joint Venture Discussions

Discussions with a large oil company who approached the Company regarding the exploitation of its Frontier oil resources are continuing with current focus on commercial terms. These discussions, as well as the identity of the party involved, will remain confidential until their disclosure is appropriate by agreement. Substantial additional technical evaluation has been undertaken during this period, which has led to a better understanding, and increased confidence, of this resource.”

Anyways let me get out of here before I catch a cold🤧

Party still going I see…

Enjoy :)

*logs into LSE*

Good lord…enjoy the party everyone and don’t forget the popcorn! :D

*logs back out*

‘Freedom of speech’ so I’ll say what I like…

“It makes sense if there is no JV”

“It just reinforces my belief that there is no JV”

“Would he have bothered writing this if a JV was imminent? NO”

The above was the reason the challenge…I’ll leave it there.

Have a good day all :)

Prophetus… I’ve noticed your negative positioning towards this share for a while now repeatedly banging the “what if there’s no JV?” drums…

As per April 20th RNS -

“Joint Venture Discussions

Discussions with a large oil company who approached the Company regarding the exploitation of its Frontier oil resources are continuing with current focus on commercial terms. These discussions, as well as the identity of the party involved, will remain confidential until their disclosure is appropriate by agreement. Substantial additional technical evaluation has been undertaken during this period, which has led to a better understanding, and increased confidence, of this resource.”

The above shows a different story to the one you’re trying paint… If you have no confidence in the share there’s no point whining about it everyday you can simply just sell and f off.

Response to an investor from Arthur:

https://twitter.com/shareholderdis2/status/1654172251095171086?s=46&t=OVzGJM4-LaH6nhPXzhnQyQ

This LSE board is depressing…aided by the bod I guess but my god you guys love to keep the negativity wheel turning!

Maybe there’s no JV, no re-completions being done, might aswell say there’s no oil either…the whole things a sham etc. …Am I right?

I don’t want Art to do any interviews because some will come back on here moaning and say… “Can’t trust a word he says” LOL

April 20th -

“Construction of the BFSU Gas Gathering System Upgrade is to commence on April 29 subject to weather.”

“The second Cole Creek Unit ("CCU") recompletion for Frontier 1 oil production will commence in Q2 2023” - Which I believe is already in motion

“Discussions with a large oil company who approached the Company regarding the exploitation of its Frontier oil resources are continuing with current focus on commercial terms. These discussions, as well as the identity of the party involved, will remain confidential until their disclosure is appropriate by agreement. Substantial additional technical evaluation has been undertaken during this period, which has led to a better understanding, and increased confidence, of this resource.”

Are the above points not positives released by the company recently? Nope just a pile of s**t according to some…

Enjoy the negativity train…that’s it from me for now.

What a lovely board today…the herd will be arriving in their droves once they have a look in ;)

Been thinking about when to expect another re-completion out of CC, which has led me to believe something is happening on the ground at the moment…

Reason why… when COPL filed the ‘notice of intent’ form for CC 4-27 back in January it was done after re-completion works had finished on the first well(CC 11-27) and whilst the well was undergoing initial testing…

Nothing followed until last week…coincidence or not? I’m starting to think it might not be and Art might’ve followed the same process as last time…

The ‘notice of intent’ was filed for CC 12-23 last week which could(if following the same procedure) indicate a second re-completion is now done(possibly CC 4-27) and is currently undergoing testing…

Just a hunch but if correct we could expect something around mid May regarding this…hmmm we could have some good news inbound shortly :)

DH I agree…they’ve got what they need to start delivering so let’s see if they can make it happen.

The market loves stealing candy because it doesn’t taste good unless it’s taken from someone else…

Funny old story unfolding here… at the pinnacle of major news but shareholders are gathered around the fire pit with their pitchforks out… Perfect time for some cunning ones to go shopping!

No trust in the bod but what if they deliver? On the US market they usually refer to fear/greed index to assess the mood from (Extreme fear)1 - 100(Extreme greed)…

I would put COPL between extreme fear and fear atm…all it takes is a few good deliveries and the needle starts to move…

Things to make this happen? I made some points earlier so I’ll just repost…

“* GGS upgrading construction works should’ve started within the last few days allowing higher gas injection rates once complete

* CC re-completion works have started up again with 6/7 wells in the pipeline(c. 100+ bopd expected from each well once fully online)

* JV talks have moved into ‘commercial terms’ phase of discussions

* Weather has significantly improved allowing smoother running of operations on COPLs fields

* We have oil flowing from the Frontier 1 which is something Exxon failed to do

We also have loads of oil and storage capacity for CO2…”

All it takes is a few shots to hit the target…

Not surprised…if I was a newbie looking to invest this board wouldn’t fill me with much confidence either

Simple…so they don’t have to ask for permission again.

I’m glad we both agree on you being bed wetter lol - only playing ;)

I’m not defending anything I’m just highlighting what’s in the meeting document…I’ve already given my stance on the matter.

Art give us some good news on Cole Creek I think the pitchforks are coming out again :)

“I have many concerns about a 1,000:1 consolidation.”

Everyone keeps referring to 1000:1 consolidation but this will be VERY unlikely to happen…COPL is asking for shareholders to pre-authorise them to go UP TO that amount so the bod can execute it(Not all at once!!) if they think it’s in the best interest of the company to do so..

“Although approval for the Share Consolidation is being sought at the Meeting, such a Share Consolidation would become effective at a date in the future to be determined by the Board when the Board considers it to be in the best interests of the Company to implement such a Share Consolidation, for example in order to facilitate a financing or a corporate transaction. The special resolution will also authorize the Board to elect not to proceed with, and abandon, the Share Consolidation at any time if it determines. in its sole discretion to do so. The Share Consolidation is subject to Shareholder approval and to CSE's/LSE's approval, if required.”

“The Board believes that, in the future, a Share Consolidation may be in the best interests of the Company and that, at this time, it is in the best interests of the Company to obtain shareholder approval for such a future Share Consolidation. Therefore, the Board unanimously recommends that Shareholders vote in favour of the special resolution.”

“Let’s all be honest it’s not looking good at the moment”

I must be on a different planet then…

* GGS upgrading construction works should’ve started within the last few days allowing higher gas injection rates once complete

* CC re-completion works have started up again with 6/7 wells in the pipeline(c. 100+ bopd expected from each well once fully online)

* JV talks have moved into ‘commercial terms’ phase of discussions

* Weather has significantly improved allowing smoother running of operations on COPLs fields

* We have oil flowing from the Frontier 1 which is something Exxon failed to do

We also have loads of oil and storage capacity for CO2…Hmmm actually I agree it looks terrible at the moment ;)

He did on the 20th…

https://www.lse.co.uk/rns/COPL/operations-update-and-director-appointment-6ru3pz7hrfuvpy7.html

Sentiment is horrendous lol…

Looking for things to change when COPL starts to deliver on its key plans/objectives going forward which I’m expecting in the short term…

As for voting… voting no on consolidation regardless of whatever is said as I think COPL(bondholder) are pulling a fast one asking to pre-authorise so much but it’s not a big deal…

Name change I will be voting yes as this will be more than likely be apart of a bigger revamp for the company which is big positive imo…

Keep your eyes on the prize :)

Too much noise on the salaries for YE22 imo… most of the figures being quoted are made up mostly from the options-awards which have exercise prices of $0.54/$0.59 CAD

Also something to bare in mind is a lot of this was issued just after the discovery was announced…I doubt Art would’ve expected the SP to be down here more than a year later lol

Anyway…if he brings it home then the staff compensations will be more palatable :)

A few things can drop at any moment which could move the SP…

* Confirmation of gas gathering works starting(Some sceptical as to whether AM can deliver on his word due to previous failures)

* 2nd well re-completed for Frontier 1 production

* Improved oil flow rates on the first re-completed well in CC

Also JV…but everyone knows that ;)