Member Info for Eazy

And just to confirm the 1bn+ barrel discovery only relates to the unit below:

Barron Flats Federal (Deep) Unit ("BFFDU"): (85% WI)

Guerilla it’s all there in the previous RNS’s how much COPL has and what the benefits were of gaining Cuda…I’ll save you the trouble

“The acquisitions of Atomic Oil & Gas and Cuda have been transformative for the Company. COPL now operates four assets within approximately 48,000 contiguous acres of leasehold in the Powder River Basin in Converse and Natrona Counties Wyoming which have a 40+ year reserve life and inclining oil production from gas miscible flood, with facilities built and commissioned in 2019. The assets are:

• Barron Flats Shannon Unit (miscible flood): (85% Working Interest) - previously 58%

• Cole Creek Unit: (100% WI) - previously 66.667%

• Barron Flats Federal (Deep) Unit ("BFFDU"): (85% WI) - previously 58%

• Non-Unitized Lands: (100% WI) - previously 58%”

“January 2022 COPL’s assessment of an estimated total reservoir volume of 1.5-1.9 billion barrels of Oil in Place ("OIP"), of which 1.2-1.6 billion barrels of OIP underlays COPL lands.”

Something will land soon imo…

A piece from Jiddy’s post: “The easy answer to your question is yes we can meet the target to commence drilling in January if we kick things off with a JV partner in November. There is though more to consider as to the timing.”

Correspondence with him yesterday indicated drilling will commence in January…hmmm

Keep hold of those golden tickets ;)

Btw the MM’s dropped this way too low expecting a flood of sells on open… See you guys later in the BLUE!!

P.s. One day closer to JV news! :D

Haha trolls who ARE NOT INVESTED circling the board like vultures… I wonder why? getting scared are we? Haha

If a JV is announced by year end with a cash payment by the partner, cash will be the least of our worries

“A cash position of $5.7 million as at September 30, 2022 as compared to $7.8 million as at December 31, 2021.”

Cash = HEALTHY :D

Trujack - You seemed disappointed at the results? I guess you wasn’t expecting the results to be positive then ;)

“Asset Acquisition

On July 26, 2022, the Company's affiliate, COPL America Inc. ("COPLA") closed the acquisition of the assets of Cuda Energy LLC ("Cuda") with the court-appointed receiver for Cuda for cash consideration of $19.2 million plus the assumption of Cuda's operating arrears owed to the Company of $1.6 million and acquisition costs of $0.12 million for a total cost of $20.9 million (the "Cuda Asset Acquisition").”

Also after the Cuda acquisition COPL’s 2P NPV changed drastically lol…

• COPL 2P NPV at 10% DCF: $258M, at December 31, 2021

• COPL 2P NPV at 10% DCF: $492M, at July 31, 2022

That’s not punt money

And a second one…

200K buy just went through it seems…hmmmm

Buys coming in nice and steady since 1pm…maybe it’s the trolls buying in that’s why they’re so quiet

Fish you seem to be holding onto the past haha…you do make me laugh

I’ll be polite…jog on

“Probably a huge placing or something”

Sorry for the insult but…how dumb are you? Have you listened to any of the interviews lately, the September one in particular…

Art is definitely not happy with the share price sitting so low and in September he gave his own opinion with facts as to why the share should be sitting at around 50p…so why don’t you shut up.

Ironhide - You’re speaking as if the market is never wrong? At one point Tesla was valued at $1.3tn…that ended well…

The market isn’t always right…it’s your job to figure out whether you agree with them or not… I’m assuming you don’t agree with them on this stock otherwise you wouldn’t be here :)

You missed the additional nugget from jiddy lol…

“The JV discussions are continuing as is their due diligence. They have a large team working on it and we continue to populate our VDR with additional information. They are very keen as they did approach us rather than the other way around. We plan to push them along tomorrow.

They can move fast when they want to. I have done business with them before thus we know and trust each other, which is a condition of mine as well as theirs. They made it clear at the outset this was why they reached out as they tend not to deal with real estate salesmen. In addition, they know our geoscience team and one of our engineers from our previous joint venture.”

Exxon Mobil has the worlds largest carbon capture facility based in Wyoming with pipes running not too far from our Fed deep discovery from what I believe…

They could be playing a blinder here if it is them as the JV partner…with COPL having a field with 1bn+ barrels of oil in it, that’s a lot of space that could be exploited once the oil is out of the ground…

Let’s say they partner up with us, they could use the CO2 gas from their facility nearby to inject into the FED deeps for enhanced recovery of the oil… Then once the field is pretty much depleted use the field as part of their carbon capture project storing the CO2 underground… Just a thought

Fish…your post added no value to this thread which was only 3 posts(All value adding) before you decided to post.

P.s. As you can see a very reasoned response without insult lol

Worth noting the company’s wording changed slightly between the two separate releases relating to the JV…

4th October -

“COPL has been approached by a large recognised oil company regarding a JV to delineate and develop the discovery, with discussions continuing”

1st November -

“COPL has been approached by a large oil company with operations in Wyoming to explore a Joint Venture between the companies to appraise and develop the Company's deep oil discovery. Technical due diligence is in process, and COPL will update its progression when appropriate.”

We are much closer to the end than some may think.