Member Info for Eazy

Welcome to the stock market(Candy grabbing machine haha) where they wear you down enough in some shares to the point you would accept a low ball offer just to stop the madness…50p for a buyout? It’s a NO from me…

Nubby - Unfavourable but they do have a back up if they require more funds and JV/RBL are not finalised.

“A 'tap feature' to increase the Convertible allows COPL to draw further development funds, should it require, with the aim of increasing production or for future drilling plans, subject to mutual agreement with the Lead Investor.”

Art did not say JV or RBL is needed to complete horizontal drilling in January.

“No increase in production, no RBL, no JV. Terrible communications.”

Production - Poor performance until now but all wells are now online

RBL - Well within their control so no challenge

JV - What do you want Art to do? Run into their office and beg them to finish the technical due diligence tomorrow?

And for every Cole Creek well that goes online our booked reserves goes up even more…what’s in the Frontier 1? Just a billion barrel oil discovery lol

Unless you was selling out in the next week or 2 the share price today makes no difference to anyone…

VERY low volume and sells don’t go well together it’s as simple as that

• Work starting on the CC wells with main work about to start on the first well which will increase production by an estimated c.400 bopd

• 2 Horizontals scheduled to drill the 1bn+ barrel oil discovery next month

• JV and RBL late stage talks in progress which can come to a close any day(literally)

• Art updated this week that all wells are now online(Doesn’t take a genius to figure out production will be up because of this)

MM’s please feel free to take this a little lower or hold at this price in the short term I want to do something next week ;)

Remember the technical staff at COPL mentioned during the hearing in October that they’ll be going straight to secondary recovery skipping primary stage(10%) estimated at 51-60% recovery of the field.

The committee were very excited to hear those figures at the time applauding the team and couldn’t wait to see how this will all unfold…COPL has the WOGCC behind them it would seem ;)

He couldn’t give a definitive answer when I asked the other day about horizontal drilling next month but it’s still scheduled and on track to be done…context…

Funding - Check
Rig - Check
High grade casing - No check

Someone give tradebaby a dummy, 26 posts today and he still won’t shut up LOL

ITD - No one said all 6 CC wells would be online by the end of January lol…either way we’ll find if the 400 bopd figure is accurate when the first well comes online ;)

Going off previous timelines intent notice then works etc. I would expect the first well to be online around mid January.

Thanks Tiburn…It’s all there to see why it favours the JV to be on board with us or take us out as I don’t think they’ll want this baby lion getting bigger by itself ;)

Bumped…Post by me

I’ve been doing some more digging…going to start with info from last year for context…

So the well in question is ‘Cole Creek 11-27’…previously completed for frontier 2 and Niobrara but didn’t produce much and hasn’t done so since 2016.

http://pipeline.wyo.gov/Wellapi.cfm?oops=1&nAPINO=2523810

Last year COPL submitted a ‘notice of intent’ form to plug the Niobrara formation from the well…nothing was submitted after to show this work was completed although I suspected it was…until yesterday which confirmed work was completed….both documents below…

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

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

Now fast forward to this year…

RNS - 15th - Nov

“Six wells have currently been identified for recompletion in the Frontier 1 at Cole Creek offering a near term low-risk opportunity to materially increase oil production and reserves. The Company is in the process of lining up fracture services to re-complete the first of the six wells. While the Company hopes to secure all of the services required for December operations, the tight oilfield services market may cause field operations to be initiated in January.”

18th November pressure testing was done on this well…
http://pipeline.wyo.gov/whatups/whatupsundry.cfm?nautonum=582333

Yesterday 12th December a ‘notice of intent’ was submitted…snippet below…

“SWP proposes to temporarily abandon the Frontier 2 in the subject well by setting a retrievable bridge plug and to perform a test in the Frontier 1 by perforating and swabbing per the attached procedure.”

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

Something I picked up was last year when COPL submitted the ‘notice of intent’ main works were started instantaneously…hmmm

I believe the main bulk of works will be starting imminently…Remember this well will bring a material increase to prod figures estimated at c.400 once online…even with oil production running at 1600 bopd a 400 bopd increase is a 25% lift…the market continues to sleep zzzz…GLA

Bumped…Post by: Tiburn

Great research and sharing from Eazy and RBM, thanks to both.

Near term material production benefit is to come from the 6 well recompletions going ahead - yet any narrative on these is instantly swamped by the de ramp squad - a casual review of their posts shows not one mention of these wells at all (yet they claim to be invested) nor debate about them tolerated - behaviour indicative of the wells importance.

This share tests the patience for sure, but it only takes one recompletion well to be online with stable production at c 400 bopd and the market can extrapolate the impact of the remaining five to come.

The key is if you believe this will happen - far to many promises made not yet full filled for field production, for understandable reasons , but proof of increasing revenue from these 100% WI CC wells unhedged is categorically needed now to help break this poor sentiment spiral and SP.

All BFU wells are online , flaring can take place, dewaxing continues, well head kit is being installed to manage pressures, allowing the BFU field to finally increase production in Q1.

There are two full Frontier Horizontal wells planned for January - adding another c 4000 bopd in the near term.

End of Q1 is the critical milestone - 7000 - 9000 bopd if these planned action come to pass.
Once more unto the breach.

Bumped…Post by: RBMInvest

‘Unfortunately my hands are tied, whether it is with US Financial institutions or the large Company that approached us regarding a JV.’ NDAs obviously preventing reporting, however ‘This said things are moving along on all fronts.’

‘We finally have been able to get all of the wells in the field online late last week’ Been slower than planned, but now all online.

‘Our cornerstone bond holder has no intention to convert and sell. It’s why they are there.’ Obviously, very important to all.

‘Please understand, no news is not bad news.‘ He is frustrated, but very positive.

Straight answers to questions asked of him yesterday.
GLA. DYOR.

What happens to our serious financial position(lol) once we have…

6 CC wells running at c.2,400 bopd/72,000 bopm

And

2 horizontals running at c.6,000 bopd/180,000 bopm

…In the near term…asking for a friend ;D

I’ve been doing some more digging…going to start with info from last year for context…

So the well in question is ‘Cole Creek 11-27’…previously completed for frontier 2 and Niobrara but didn’t produce much and hasn’t done so since 2016.

http://pipeline.wyo.gov/Wellapi.cfm?oops=1&nAPINO=2523810

Last year COPL submitted a ‘notice of intent’ form to plug the Niobrara formation from the well…nothing was submitted after to show this work was completed although I suspected it was…until yesterday which confirmed work was completed….both documents below…

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

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

Now fast forward to this year…

RNS - 15th - Nov

“Six wells have currently been identified for recompletion in the Frontier 1 at Cole Creek offering a near term low-risk opportunity to materially increase oil production and reserves. The Company is in the process of lining up fracture services to re-complete the first of the six wells. While the Company hopes to secure all of the services required for December operations, the tight oilfield services market may cause field operations to be initiated in January.”

18th November pressure testing was done on this well…
http://pipeline.wyo.gov/whatups/whatupsundry.cfm?nautonum=582333

Yesterday 12th December a ‘notice of intent’ was submitted…snippet below…

‘SWP proposes to temporarily abandon the Frontier 2 in the subject well by setting a retrievable bridge plug and to perform a test in the Frontier 1 by perforating and swabbing per the attached procedure.’

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

Something I picked up was last year when COPL submitted the ‘notice of intent’ main works were started instantaneously…hmmm

I believe the main bulk of works will be starting imminently…Remember this well will bring a material increase to prod figures estimated at c.400 once online…even with oil production running at 1600 bopd a 400 bopd increase is a 25% lift…the market continues to sleep zzzz…GLA

New sundries uploaded today…

Looks like CC works are going full steam ahead! Come on Art get us that c.2400 bopd increase rapid and show the doubters you’re not all talk :D

As previously thought it seems ‘Cole Creek 11-27’ is the first well on the hit list for re-completions for frontier 1(Billion barrel discovery I believe) production…

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

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

“The reopening of China, coupled with Russia’s struggle to find buyers for its oil, could see oil top $100 in 2023, UBS analysts said on Monday.”

https://oilprice.com/Latest-Energy-News/World-News/Oil-Prices-Jump-As-China-Relaxes-Covid-Rules.html

Oil prices on the up today as china signals relaxation of covid rules. We could start to see oil moving back up in the short-term as the market puts its glasses back on lol… U.S SPR reserves still have began to be re-fuelled yet and supply is still tight although you wouldn’t think it with the way oil prices have been behaving recently.

And we have 1bn+ barrels of oil which a large US oil company…cough…Exxon…wants a piece of ;)

The wait for news continues…GLA

“Has virtually stopped producing and been shut off....no oil from there atm..”

This is the only reply you’re getting… the above is a blatant LIE…no oil from there atm? Different day but same old lying haha

Just so you’re aware October it produced 543 barrels of oil…now go away…liar ;D

http://pipeline.wyo.gov/wyoprod.cfm?UserOk=Y&oops=ID58407&nApino=948518811

What should be keeping everyone sane is the oil from the billion barrel discovery has already been brought to surface by the discovery well at multiple points not just one…the market knows it’s there but is calling bluff on whether it’s recoverable in high volumes…

Why would anyone leave when regardless of the other news that can drop…they could witness COPL hitting the discovery(currently valued at 0 lol) with horizontals in the near term which then gives a message to the market “we told you so”… Don’t know whether estimates have been changed but from what I’ve seen initial estimates were 1,000 - 3,000 barrels per day from each horizontal well… On confirmation 50p would be broken in a flash lol

Snippet from the January RNS -

“…issues identified caused these oil-bearing reservoir sands to be bypassed by previous drilling 40 to 70 years ago.”