Member Info for Eazy

The one thing that won’t be jam tomorrow is production increasing into the end of year :)

More gas is being pumped into the field as we speak which WILL have a positive effect on production…come to think of it the field should now be starting to respond as increased injection started in September :D

Yep ExxonMobil had Cole Creek well before COPL…with the vast amounts of oil found in Cole Creek after they left it to tackle bigger projects they might want to make a return :)

23rd January RNS -

“First successful Frontier 1 oil completion at Cole Creek since Frontier 1 oil was first identified by the original Unit operator in 1943.”

“In the last week of December, the Company initiated recompletion operations on the well 11-27-35n-77w to evaluate the light oil potential of the Frontier 1 reservoir sands. Light oil was first identified in the Frontier 1 at Cole Creek in 1943 by the then operator General Petroleum Corporation, the operating affiliate of Standard Oil of New York (Mobil Oil). The 11-27 Frontier 1 completion was the second completion attempt in the Frontier 1 in Cole Creeks history. The first attempt was in 1966 by Mobil and was unsuccessful.”

“An "Oil Down To" elevation at the base of the Frontier 1 perforations has been determined. This elevation is approximately 760' below the crestal elevation of the Cole Creek Anticline. The area within the "Oil Down To" elevation is approximately 8,000 acres with reservoir sand thickness ranging from 50-115', thinning in the northern area.”

We also now know oil was later confirmed below the oil down to level in May after the successful re-completion of the ‘Cole Creek 12-23 well’ and with that milestone reached OIP figures on COPLs land would’ve been revised up…

There’s a lot that is currently hidden from the market :)

Worth a repost from Ashwaldo today…

“I messaged Cathy regarding the lack of PR for this company and got this back.

Thank you for reaching out to me. This month you will see a change in communication. After the Q3 results are published around the 3rd week of November we will host an Earnings Call/webinar where shareholders can join in, send their questions ahead of time and Mr. Cowan and Mr. Gaffney will first present an overview and then answer shareholder questions. Due to the sheer volume of COPL shareholders, the attendees will be muted but the questions will be asked and answered by either the CEO or the CFO. We will be formulating a communication calendar to ensure more news flow and more interesting and frequent social media posts. I am looking forward to helping make this happen. So stay tuned!

Again I was pleased I got a response and it sounds positive going forward”

Fastfood… haha that’s rich, I will definitely honour our wager…

5p to be achieved by the 31st December… still 2 months left :)

Although you do seem very confident… Let’s double it to £1000 and don’t be scared now you make £500 every 0.1 increase(apparently) so don’t be tight ;)

“SPRING, Texas – Exxon Mobil Corporation (NYSE: XOM) today announced it has closed its acquisition of Denbury Inc. (NYSE: DEN) in an all-stock transaction valued at $4.9 billion, or $89.45 per share, based on ExxonMobil’s closing price on July 12, 2023. Under the terms of the agreement, Denbury shareholders will receive 0.84 shares of ExxonMobil for each Denbury share.

“This transaction is a major step forward in the profitable growth of our Low Carbon Solutions business,” Chairman and CEO Darren Woods said. “Our expertise, combined with Denbury’s talent and CO2 pipeline network, expands our low-carbon leadership and best positions us to meet the decarbonization needs of industrial customers while also reducing emissions in our own operations.”

ExxonMobil now has the largest owned and operated CO2 pipeline network in the U.S. – adding more than 1,300 miles, including nearly 925 miles of CO2 pipelines in Louisiana, Texas and Mississippi – located in one of the largest U.S. markets for CO2 emissions. The company also has access to more than 15 strategically located onshore CO2 storage sites.”

If Exxon is indeed COPLs mystery joint venture partner and they were waiting for the Denbury deal to close this then gives them the green light to finalise talks with COPL before signing a deal.

For anyone that missed this key fact in the release on Monday…

“After the release of the monthly production report we now know gas injection was ramped up during September putting COPL on the path to increased oil production…

In the coming weeks/months we’ll see how the field performs with more gas continuously being injected as the last time COPL did this in 2021 they hit daily highs of 2,700 bopd”

Graph: RDunc

https://x.com/eazy_investor/status/1719061703583846551?s=46&t=OVzGJM4-LaH6nhPXzhnQyQ

“5) is the injector well nearest our biggest well producers now fully working?”

All injectors should now be online with the last one brought online after wellhead works late October…

Injection rates were increased in September and were ramped up further in October.

“Eazy if that was the case then surely Cathy would have passed that information to Ashwaldo, why would you hold back something that is both positive and not price sensitive.”

We’ll see what happens in the coming weeks/month :)

Stas as you’ll already know a website can be developed in the background whilst the old one remains in place… they could be working on this also to launch in time for the Q3 release ;)

It’s clear they’ll be big step change going forward…very positive :)

Stas you’re a little early…

“The Company will appoint one additional independent non-executive director to be nominated by the Purchaser by no later than November 1, 2023.”

They could appoint them at 11pm today so give them until until tomorrow before going on the attack ;)

“For me it’s all about production figures, can we increase above 2000bopd.”

The last time(2021) COPL boosted injection rates on the field flow rates reached a maximum 2,700 bopd with infrastructure that wasn’t fit for purpose…

The real question is when will they go above 2,700 bopd again ;D

“Oct 31 (Reuters) - Denbury(DEN.N) said on Tuesday its shareholders approved the company's merger with Exxon Mobil (XOM.N), with the deal closing expected on Nov. 2.

Exxon Mobil in July agreed to buy the Plano, Texas-based Denbury for $4.9 billion to accelerate its energy transition business with an established carbon dioxide (CO2) sequestration operation.”

https://www.reuters.com/markets/deals/denbury-shareholders-approve-merger-with-exxon-mobil-2023-10-31/

COPL announced their ‘LOI’ with the mysterious ‘Established Energy Company’ within 2 weeks after the Exxon and Denbury deal was initially announced… Coincidence? Hmmm

3LP all data is taken from the WOGCC site which is COPLs official channel when releasing monthly well data…

When observing gas injection rates there was notable difference between August and September…

August: 2.7 Mcfd

September: 3.7 Mcfd

Difference = 37% increase

If you click on the Twitter link it will show you a graph(COPLs oil output and injection data) another investor in COPL has made up which shows you the positive correlation between increased gas injection and increased oil flow :)

After the release of the monthly production report we now know gas injection was ramped up during September putting COPL on the path to increased oil production…

In the coming weeks/months we’ll see how the field performs with more gas continuously being injected as the last time COPL did this in 2021 they hit daily highs of 2,700 bopd :)

https://x.com/eazy_investor/status/1719061703583846551?s=46&t=OVzGJM4-LaH6nhPXzhnQyQ

Just to add looking at previous data we should now be looking forward to COPL returning to previous oil production highs(2,700 bopd) now that increased gas injection has restarted…

There’s also a graph to look at which shows the positive correlation between the amount of gas that is pushed into the BFSU field and the oil that then flows from it…

Credit: RD

https://x.com/eazy_investor/status/1719061703583846551?s=46&t=OVzGJM4-LaH6nhPXzhnQyQ

Monthly data is out…

Monthly production figures are down(1 less day) but daily flow rates were up a little

August - 1146 bopd

September - 1148 bopd

The main event…

Confirmed through WOGCC data… Increased gas injection in the field was restarted during September with injection rates showing a sharp increase and is higher than anything they’ve done this year…

We already know COPL were ramping up further during October…

“The company plans to spend over $500,000 on NGL injectant in each of October and November to increase the density of NGL's in the gas injection”

September figures will be the bottom imo… October onwards production will RISE!

Stas they might actually deliver news in a timely manner this time :)

“The Company will appoint one additional independent non-executive director to be nominated by the Purchaser by no later than November 1, 2023.”

“COPL will shortly appoint a new director, who is expected to focus on production increase and operating costs control.”

Not long to go now…

Trans so can you now confirm that you are indeed a liar?

I don’t see any evidence Trans…

Show the board a post from me at 30p.