Member Info for Eazy

Nogamble going off the reports which showed last year that once an intent form was filed work was started simultaneously, Art can start anytime now he has approval. It will most likely start within the next week as long as he has the ground crew ready to go although they did do a low pressure test on the well already in November so more than likely he has the crew ready imo.

The work last year last was slightly different but took 2 weeks so I would say we should be expecting completion of the work on the first well anytime from mid to late January.

Reports:

http://pipeline.wyo.gov/whatups/whatupsundry.cfm?nautonum=569062

http://pipeline.wyo.gov/whatups/whatupsundry.cfm?nautonum=582720

Even if all 6 wells were running at 25% of their estimated flow rate they would still be providing an extra c. 18,000 bopm which is a 43% uplift from current production…you’re just embarrassing yourself at this point

Try harder LIAR ;D

The first page on the sundry ‘notice of intent’ document has also been updated to reflect the approval…

http://pipeline.wyo.gov/whatups/whatupsundry.cfm?nautonum=582714

What ramping itsaLIAR? Did the 11-27 well re-completion works scheduled get given approval today by the WOGCC? Yes or No?

Link doesn’t work lol…but it was approved today

I was having a look at the sundry put through the other day for the CC well 11-27 and realised it has now been approved by the WOGCC so Art has been given the green light to go ahead with the works on the first well

http://pipeline.wyo.gov/rNewSundrybyoperator.cfm

Shaa is correct…

L2 closed at 12.5 v 13 with share price at 12.75p

UT trade went through at 12.6 which is why we closed at that price so tomorrow we’ll open up

Someone scooping up shares into close :)

15-Dec-22 16:28:13 12.825 100,000 Buy* 12.83k O
15-Dec-22 16:27:52 12.825 124,663 Buy* 15.99k O

If we do manage to bag a JV with Exxon Mobil which is whom I think we are currently in talks with then a lot institutional money will be coming with that deal imo.

“Every investor in Exxon Mobil Corporation (NYSE:XOM) should be aware of the most powerful shareholder groups. The group holding the most number of shares in the company, around 59% to be precise, is institutions. Put another way, the group faces the maximum upside potential (or downside risk).

Because institutional owners have a huge pool of resources and liquidity, their investing decisions tend to carry a great deal of weight, especially with individual investors. Therefore, a good portion of institutional money invested in the company is usually a huge vote of confidence on its future.”

https://simplywall.st/stocks/us/energy/nyse-xom/exxon-mobil/news/exxon-mobil-corporation-nysexom-is-largely-controlled-by-ins/amp

I would say that’s a rejection off the 52 week low…up we goooo(haven’t said that in a while haha) GLA :)

We continue to move through the gears..

L2 12.5(1) v 12.8(2)

Iron still no comment? Lol ;)

Current L2 is 12(2) v 12.7(1)

Won’t hold long…Iron you usually comment on L2 when we’re going down how come you’re quiet at the moment?

We’ll finish blue today…like others have said no sellers down here and we pinged off 52 week low yesterday so confirmation off rejection today and the traders will be running in fast! Don’t all buy at the same time though the market doesn’t like it when COPL moves up in a disorderly fashion ;D

Oooo trolls out in force this morning…they’re throwing everything at it today haha

Other than that 1 brain cell poster that keeps mentioning 100% to get back to the 20s we have itsaLIAR at it again…

“JV or no JV has nothing to do with the fact the company isn't producing enough oil to cover its debt and running costs. A JV is only a desperate attempt to keep the lights on....can we have a few less false positive posts and talk real world...gla”

Why do you continue to lie constantly itsaLIAR? The above was put across as fact…liar

Real world talk…let’s have a go eh…

• THE JV APPROACHED COPL NOT THE OTHER WAY AROUND AND THEY WERE NOT ACTIVELY LOOKING FOR ONE…COPL can tackle the FED deep alone if they want although it’ll be done at a slower pace

• All wells are now online and producing so production will inevitably increase because of this in future reports

• Cole creek well re-completions works are starting soon which should in the near term increase oil production by c. 2400 bopd if targets are met once online

• Drilling permits have been requested in preparation for the 2 horizontals scheduled to drill the billion barrel discovery next month…once both are online they are estimated to initially run at between c. 2000-6000 bopd

• Vapour recovery systems are now in place so full flaring where needed can now occur on our current producing field safely thus increasing production.

• If COPL have a need for more funds in the absence of a JV/RBL in the near term they can utilise the ‘tap facility’ although this is unfavourable

Is that good enough for you? LIAR ;)

Oil continues to rip as Morgan Stanley give crude oil a price target of $110 by 2023 fulled by a chronic shortage in the market…

“Dec 14 (Reuters) - Morgan Stanley on Wednesday said it expects Brent crude oil prices to rally to around $110 per barrel level by mid-2023, citing support from rising demand and continued supply tightness.

"We remain constructive on oil prices driven by recovering demand (China reopening, aviation recovering) amid constrained supply due to low levels of investment, risks to Russia supply, the end of SPR releases, and slowdown of U.S. shale," the U.S. investment bank said in note.”

With COPL at bargain basement prices it really could be the darling of 2023 as production increases will likely intertwine with oil price rises…we know now from this week that all wells are now online so only good things ahead of us imo.

P.s. I noticed a certain poster doesn’t post about oil prices anymore after multiple posts in the past week…is it because they’re now going up? ;) GLA

52 week low was hit and breached(briefly) on charts…I would expect the traders to return at this price or wait for movement back up tomorrow to confirm rejection and then buy in.

But they’re not allowing small sells and that’s my point…to clarify

They are not allowing any sells as of right now up to 10,000 shares as it goes NT…whereas they’ll take an 100,000 share sell at quote of 11.88p

Is that not playing games?

11.88p

Gold - Yes that’s correct but only up to £1.2k…if you wanted to sell anything over that it’ll allow it…just the mm’s playing games as usual

Give context next time :)

Of course Art won’t take 50p…when he mentioned that figure in the September he didn’t have 6 Cole Creek wells on his books completed for frontier 2 production which he’s now in the process of starting re-completion works to ready them for frontier 1 production…

6 wells at c.400 bopd is 72,000 bopm…a quarter of that if figures are wildly inaccurate is still 18,000 bopm