Member Info for Eazy

So they’re seeking approval for consolidations up to 1000:1 for current amount of shares in issue…interesting

“…to be done in separate consolidations at such time at the discretion of the Board”

Name change…interesting timing seeing as we’re currently in late stage(discussing ‘commercial terms’) talks with a large US oil company for a JV…

“The Company believes that the Name Change is in the best interests of the Company in order to reflect current business activities of the Company.”

And just to bring some context for Arts 2022 compensation…

Salary: $671,700 / Option Based Awards: $1,216,500 / Total: $1,888,200 CAD not USD(Falsejack made an error)

https://sedar-filings-backup.thecse.com/00021327/2304281451401474.pdf

Thought I would repost what shouston was referring to :)

“Wyoming has a long, proud legacy of being a leader in domestic energy development.

Data from the U.S. Energy Information Administration shows that our state produces 13 times more energy than we consume, making Wyoming the second-largest net energy supplier in the nation, just behind Texas.

To maintain and build on our role as a national energy leader, it is critical that we continue to push the boundaries of energy innovation and production through pragmatic, common sense energy policy at the state and federal levels.”

“In fact, Wyoming is one of only two states so far to apply for and receive primacy to authorise the permitting of Class VI injection wells used for the permanent underground sequestration of carbon dioxide.

Since this emerging technology first showed the potential to help capture and store carbon dioxide, Wyoming has continued to invest heavily in the future of CCUS technology.”

https://cowboystatedaily.com/2023/03/29/rep-don-burkart-hydrogen-carbon-capture-will-help-wyoming-stay-a-leader-in-energy/

Exxon Mobil has one of if not largest CCS facilities in the world based in Wyoming and the frontier formation also has the right geological characteristics for storing CO2…hmmmm

The loading continues :)

27-Apr-23 13:27:38 5.65 445,911 Buy* 25.19k O
27-Apr-23 13:25:41 5.6299 443,951 Buy* 24.99k O

Big one :)

27-Apr-23 12:41:02 5.525 2,000,000 Buy* 110.50k O

A little nugget in there…

CC 11-27(First re-completed well in Cole Creek) was put back online in March, although still undergoing clean up it had a flow rate of 113 bpd(unstimulated)…Frontier 1 seems to have a lot of pressure in it which I’m sure the JVP is happy about :)

I’m simple terms…

Too many longs on SB/CFD’s so now they’re buying on open market to limit their losses in the event we go on a steep upward trajectory.

JBER back on the bid…what a surprise.

Running short on confetti? Hmmm ;)

Not much bond ammo left from the non-long term holders so the MM’s need to think of another game plan if they’re going to try and keep us down here…

Out of the $33m left in bonds anavio hold $27.6m of that :)

Also just in relation to Tiburns post…

Could be nothing but continental also have multiple approved drill permits targeting the Frontier formation…hmmm

“The Tap provided by our lead institutional investor(Anavio) today illustrates the confidence they have in our business plan going forward. Long term investors in the Company are key to our future, as they provide balance and confidence to our current shareholders, and other stakeholders, by allowing the Company to grow through the execution of its business plan. One only needs to look at Occidental Petroleum who have performed brilliantly with the support of a single long term lead institutional investor.”

I think they’re in it for the long run.

While I’m here…from my little bit of digging…as of today…

79 bonds(2027): 8 purchasers - $15.8m

Anavio - 59 bonds - $11.8m

$4m - 7 bondholders hold the rest

86 bonds(2028): 7 purchasers - $17.2m

Anavio - 79 bonds - $15.8m

$1.4m - 6 Bondholders hold the rest

The confetti will be drying up soon if Anavio continues to hold the fort :)

ANY bonds* lol

Pilot that’s correct the early warning report in January flags this up…which means…

Anavio have not converted ANY shares this year :)

“If there is a plan to eventually reward us then somebody please explain CONVINCINGLY”

No plan we’re all doomed lol

Just incase anyone missed this from yesterday…

LLP made a good find yesterday on the sundry website which indicates Cole Creek re-completions should be starting up again shortly.

A new submission was made for plans to re-complete the CC 12-23 well which was done yesterday…

http://pipeline.wyo.gov/whatups/whatupsundry.cfm?nautonum=586324

This well had oil flowing out from the top of it during initial drilling in 2012 and a snippet from the geology report…

“Spotty to even oil staining was observed in the cutting samples from the 1st Frontier Formation.”

Next week 20c in Casper which should help COPL carry out field operations :)

Leew… true but going off previous submissions it’s reasonable to assume the same timeframes will apply.

CC 11-27… Once intent form submitted works started 2 weeks after

CC 4-27… Scheduled to be done 2 weeks after submission(then delayed due to weather(snow))

CC 12-23… Intent form submitted today so reasonable to assume this could be done by end of Q2(June)

Tbh this is news that the market is not aware of as the next scheduled well to be re-completed in Cole Creek was the 4-27 well as per previous RNS’s…the document submitted today throws 12-23 into the mix which was not expected indicating there may have been a change in plans…possibly to get the reserves booked as soon as possible.

“The second Cole Creek Unit ("CCU") recompletion for Frontier 1 oil production will commence in Q2 2023”

If Art goes for 2 re-completions by end of Q2 he would be over delivering on his his initial targets.

“COLE CREEK 11-27 (notice of intent 12/12/22)
COLE CREEK 4-27 (notice of intent 13/1/23)
COLE CREEK 12-23 (notice of intent 24/4/23)”

Looks like the wells above will be the ones that allow COPL to book their first batch of reserves from the frontier 1 once all online!

LLP good find, looks like me and you had our eyes on the sundry website at the same time haha… main thing is Cole Creek re-completion works looks to be starting up again!

Also a little nugget on this well… Did you know this is the well that had oil flowing out of the top of it during initial drilling? ;)

From the geology report…

“Spotty to even oil staining was observed in the cutting samples from the 1st Frontier Formation.”

Onwards and upwards :)

Any PI’s looking into this board to get a gist of things going on here wouldn’t touch this with a barge pole…more days like this to come so get your pitchforks ready.

On another note the trolls must be loving the show at the moment they don’t even need to have an input anymore lol

The market can stay irrational much longer than any of us think :)

I agree let’s stop all this pie in the sky JV talk for the billion barrel discovery that no one believes is going to happen lol…

20th April - “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.”

Weather is looking very good in Casper from late this week just in time for construction to start on the GGS upgrade.

Art says he’ll get 1 more well re-completion done in Cole Creek by end of June but I think he could over deliver on this front given the improved surface/weather conditions he’s heading into. Needs 3 wells online producing from Frontier 1 to book reserves so he could go for 2 wells(4-27 & 11-22) by the end of June.

Very busy season incoming!