Member Info for Eazy

Comms from COPL via Twitter? I must be dreaming lol

They may start to use this more often going forward…I wonder why? Hmmm

Achieving 1400 bopd after the dip in those conditions is impressive seeing as it’s abnormal for Wyoming…

https://twitter.com/coplinvestor/status/1631000144991715334?s=46&t=OVzGJM4-LaH6nhPXzhnQyQ

Johns back to clog up the board… I thought his job was ‘done’ here ;)

Also good to point out we have 3 wells part of the re-completion works at CC which are currently offline pending completion of works, of which 2 were flowing before so once back online this will also be included in the oil production figures which should help to a sharp increase.

P.s. repetitivejack we heard you the first time! ;)

Morning shaa… It can move up further indeed, remember we’ve got additional cole creek wells coming online in the short term to help us with that ;D

I don’t know how everyone else felt about the RNS but I was impressed…I had prepared myself for another terrible oil production month in February with slow recovery…

But instead received the information that production had increased over 11% in February and current flow rates are 1,400 bopd which is a 30% increase from January…

Very happy with this news given the factors Art is having to deal with.

Also this little nugget…

“Most importantly our principal stakeholders understand this too, and are working with the Company to exit this period stronger than it entered."

Which pretty much says… The lead investor is ALL GOOD! :)

Haha MM’s played a dangerous game in the morning and now look WE ARE UP! :D

MM’s raided weak accounts lol

Great posts blackstout.

Tomorrow will be the start of a big month for COPL, with news due on multiple fronts. Will Art break the silence tomorrow or will he wait it out a little longer? We’ll find out sooner or later whether he’s managed to pull the rabbit out of the hat. GLA

Remember this…

“HOUSTON, Dec 8 (Reuters) - The two largest U.S. oil companies - Exxon Mobil Corp (XOM.N) and Chevron Corp (CVX.N) - disclosed plans to increase outlays on energy projects next year amid high oil demand and prices.

While spending more, it will be less than half the combined $84 billion they spent in 2013, when oil prices often traded above $100 per barrel as it has this year. The two are awash in cash from those prices and past cost-cuts, and have sharply raised shareholder payouts.”

“Exxon said it would increase project investments next year to between $23 billion to $25 billion, up from a projected $22 billion this year. Chevron said it plans to spend $17 billion, up from about $15 billion this year. Increases include new monies for emissions reduction projects and the impact of inflation.”

“"This leaves ample room for opportunistic M&A, increases to the buyback or simply even lower leverage with an eye toward increasing buybacks at a lower share price," said Jefferies equity analysts Lloyd Byrne and Sam Burwell.”

https://www.reuters.com/business/energy/exxon-chevron-spend-billions-more-oil-projects-next-year-2022-12-08/

Warm words of comfort would be nice but that probably won’t help much. The CEO needs to deliver something and then the SP will react accordingly. Unless it’s something of substance he should stay quiet imo.

MM’s playing games but still having a hard time suppressing this…might end up closing blue :)

Now the trolls are asleep…let me squeeze in something before it’s pushed down the pecking order haha…

Right, production! Not that great but not surprising given the weather issues…but moving on…

The production report wasn’t all that bad as it highlighted some crucial information for us regarding the CC works…we already knew about the 2 wells part of the program(11-27 and 4-27) but didn’t know about the 3rd which enables us to book reserves…hmmmm

Now we do and it’s ‘CC well 11-22’…on the production report you can see that this well was taken offline in December and the only reason for this would be preparation for CC works as there was no other scheduled works that I was aware of…it also ties in with what Art was talking about in his last interview regarding the location of the 3 wells in question…

A little bit about the well… this well had oil flowing at the surface during initial drilling and a snippet from the geology report…

“Two other zones of interest were drilled besides the 2nd Frontier, both the Niobrara and 1st Frontier Formations had strong gas and or oil shows. Both zones had associated C1-C4 hydrocarbon shows as recorded by the gas chromatograph.”

Hopefully Art gets all 3 three online(1 has already been re-completed) quickly so we can book some reserves and of course increase production :)

P.s. I also saw this in the prospectus which I missed previously…interesting…

The Company's short-term operations will focus on:

*Continuing production in the BFSU and the Cole Creek Unit

*Gas gathering system upgrades and increasing gas injection at the BFSU

*Re-completing and re-fracking up to six wells at the Cole Creek Unit

*Drilling of horizontal proven unproducing development (PUD) locations in both the Dakota sand and Frontier sand that was mapped by Ryder Scott at Cole Creek

It didn’t just go from oil pumping out nicely to full shutdown! Lol

That latter would of been last resort with issues before final decision had been made…SP was punished because of this…we were told on 1st February so not surprised by the data…

Something is due VERY soon in relation to those game-changing CC re-completion works…next we could hear about full re-completion of the first well or re-completion of the 2nd well 4-27 which should be complete by now…news is close…

No RNS this morning but not surprised as that was the last thing I expected…the longer this silence goes on the more confident I am when the silence is broken it’ll be something positive…

1st February COPL released an RNS that sent the share price into dive…is Art priming for a release on 1st March to put things right? Funding, 2nd CC well re-completion data, JV confirmation, Horizontal drilling dates…

All eyes on the main man when he decides to break the silence…patiently awaiting the grand reveal :)

GLA

As of 1st Feb 2023 -

“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.”

Before this COPL have never mentioned ‘detailed terms’. The JV party deal makers got back to Art January with a way forward in January after getting the green light from bosses higher up. If they were going to walk they would have done it then.

Whether it’s just for the FED deep or more assets a JV will be signed imo.

A few facts :)

Ryder Scott done a resource report on COPL’s land(Not factoring in all of it but still came to a OIP figure of 1 billion barrels of oil) last year dated 29th July 2022… FACT

Ryder Scott also done a reserve report on COPL’s land last year dated 2nd September 2022… FACT

The JV Party has conducted an in-depth technical due diligence check on COPL… FACT

The JV party got back to ART in January with a way forward and are now in the final stages of agreeing terms… FACT

COPL re-completed a well in CC for frontier 1 for production successfully and achieved a higher than expected flow rate than what Art and the JV party were expecting… FACT

Want me to carry on…

“Lol it will be so embarrassing for so many posters if the RS report was fiction and never existed.”

Just revisiting this one more time…LOL

A snippet from the full Ryder Scott Reserves Report in the prospectus…

“A separate Resource Report dated July 29, 2022 from Ryder Scott provides an assessment of the Contingent and Prospective Resources in the Dakota and Frontier Formations.”

Fiction you say? quite the opposite…rest up trolls you’re going to have to work a lot harder ;)

“Lol it will be so embarrassing for so many posters if the RS report was fiction and never existed.”

Is the troll team even trying anymore? Hahaha…see you guys later this board has turned into the mad house :D