Member Info for Eazy

The COPL team aren’t some playground school kids…many would’ve seen some of them present at the hearing and I for one was very impressed with the knowledge that was shining through during the session…If you believe they have the integrity to ensure all the data checks out then there’s nothing to worry about… The JV WILL come and all will be forgotten about once we get a bag or two(Expecting many more than that lol) GLA

Jiddy123

?“To say the least they have turned into a treasure trove. We have 6 new Wells, all completed for oil production in the Frontier 2. All have perfect cement across the above Frontier 1 sands (3). Several had significant oil shows in the Frontier 1 while drilling including measured oil flow in the drilling mud at surface. Similar oil shows were logged in the Frontier 2 thus resulting in its first completion due to standard industry protocols as it is the lowest productive zone.

?Our pitch to our prospective JV partner is to recomplete these Wells for Frontier 1 production, with the first in December. All Frontier completions whether in new Wells, horizontal or vertical, will require fracture stimulation. As the Frontier 1 is quite thick (180') the design of a fracture treatment is important. It is easier to design a frac in a horizontal well in a thick zone by fracking a vertical well first.

?In our case as we have all of the facilties in place we can do this at a relatively low cost ($400-$600k) per well dependant on frac sizes currently designed. This is appealing for us and them and is something we could do independent of a JV Partner. We currently have 6 well bores that exceed the cement quality we require. Our reservoir engineer estimates initial production rates from each well to be approximately 400 bbl/d.

?As you can see it is quite a carrot. The field as we have mapped it has Dakota, Frontier 1 and 2 over a large area. All will be developed with horizontal Wells, including the proved and probable Frontier 2 and Dakota reserves at Cole Creek.

What is driving our prospective partner is a long term EOR project utilising a substantial CO2 resource the hold in Wyoming.”

Another nugget in a separate post from Jiddy…

“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.”

Some don’t like positive things being regurgitated on here but I do haha… Jiddy’s post from the other day(which I believe is true) with the email reply from Art to his question below… The wait for the inevitable JV announcement continues!

Jiddy123

?“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.

?The January timing was based on a timelines set by the BLM of the Dept of the Interior who want the drilling complete by March. We are, and have been seeking an extension to this based on our most recent Ryder Scott reserves report which we feel will satisfy the BLM.

?Second, our discovery well intersected oil in three Formations: the Frontier 1, Frontier 2 and Dakota extending known oil accumulations reserves and resources at our Cole Creek Unit to the west to extend over a large area to our Barron Flats Unit to the east. This is what caught the attention of the large oil company that approached us.

?At Cole Creek, which is an anticlinal structure, the Dakota and Frontier 2 produces oil and the Company carries proved and probable reserves for both formations. Completions were never attempted in the Frontier 1 at Cole Creek due to industry protocols of doing completions from the bottom up hence the production from the Dakota which is the oldest and the deepest. Oil production from the Frontier 2 was developed 11-13 years ago. Our Atomic affiliate bought all of these interests in 2016-17.

?We have known for some time that the Frontier 1 at Cole Creek is thick and oil bearing. We have examined the old Dakota Wells to recomplete them in the Frontier 1 as many exhibited strong oil shows while drilling. Unfortunately cementing practices of the time were primitive thus there is little to no cement behind the casing in these Wells across the Frontier 1 and 2 making a completion attempt difficult if not impossible.

Post our acquisition of Atomic we could not lay our hands on the complete files for the Frontier 2 Wells drilled c. 2010-11. We have though found them in storage misfiled in boxes, as is apparent from the remaining engineer carried over from Atomic that they were never looked at as they thought they were either lost or never transmitted at the time.”

Biden also said a few days before that he wants more drilling done in the US…can’t make his mind up haha

AM literally released an update 9 days ago…news will come when it comes lol

Also due diligence is crossing the T’s and dotting the I’s…and we know that applies in our specific case as art has given indication of in depth talks being had before he issued the last statement on the JV…when the majors ready he’ll get the green light…until then there’s nothing more he can do and we just have to wait :)

The market is sleep walking atm but one must wake up eventually…amazing opportunity to increase holdings which I’m sure some are taking advantage of if they believe in where this is heading

Oiler the serial liar is back… “Unfortunately I am a holder in copl and am waiting for my exit”

All you do is lie…why? Go away

“No RBL and No JV but a large placing next week.”

Provide evidence for this claim or shut up

13:40:10 15.125 250,000 Sell* 37.81k

This went through earlier and it just got swallowed up without the sp flinching

Very quiet today…have the trolls been told to stand down now? Hmmm one can dream

Here’s to another blue day and one step closer to JV news which can drop any day! GLA

Exxon Mobil share price reaching new all time highs!

Couldn’t be a better time to have them splurge on a JV with us :D

Just a follow up on this thread… the US is really in trouble with production slowing and COPL unlocking the Fed deep with a major JV partner could make them shine very bright…

“The US slashed its forecast for the nation’s oil production growth next year, predicting that output will fall short of an all-time high.

The forecast is the latest sign that production from US shale fields -- one of the world’s few sources of major oil-output growth in recent years -- is slowing and will never rebound to pre-pandemic highs. That’s a blow to the global market, which needs US barrels to help make up for OPEC’s production cuts and supplies upended by Russia’s invasion of Ukraine.”

https://www.bloomberg.com/news/articles/2022-11-08/us-sees-oil-growth-slowing-in-2023-will-no-longer-hit-record

ITD - Actually that JV isn’t relevant to our situation so ignore that post.

This was one of the recent JV’s in the PRB, Wyoming with $65m initial buy in…

“Mannheim. Salt Creek Oil & Gas, a wholly owned subsidiary of Deutsche Rohstoff AG (FRA: DR0), has entered into another joint development agreement with Occidental (NYSE: OXY) in the Powder River Basin/Wyoming. The development is expected to drill 15 additional wells and commence production in 2023 (5 wells) and 2024 (10 wells). The investment volume for Salt Creek totals USD 75 million.”

“In February, Salt Creek had already announced a first joint venture with Occidental with an initial investment volume of USD 65 million. The total announced cooperation with Occidental thus amounts to USD 140 million investment in the development of 31 horizontal wells. The first six wells began production in September. A further ten wells will follow in the first half of 2023.”

“75 million additional investments in 2023 and 2024”

https://www.marketscreener.com/amp/quote/stock/DEUTSCHE-ROHSTOFF-AG-6254036/news/Deutsche-Rohstoff-AG-Further-joint-development-with-Occidental-41973038/

One thing to remember…. COPL will be going straight into secondary recovery(skipping primary stage) with an updated recovery rate estimation of 51-60% which was mention at the hearing.

“the Report gives a conservative view”

I didn’t know being conservative and optimistic were the same thing…

Oily(Has a nice ring to it lol) provide proof to back this up… “this is best case”

Oiler - “The 1B barrels was best case so do you want to tell what the worst case is?”

How many times do you have to be told to stop lying?

RNS - August 5th

Ryder Scott:

· Confirms the Wyoming deep discovery has total Original Oil in Place of 993.5 million barrels

· These are conservative estimates complying with Canadian standards

Just in case you missed it… THESE ARE CONSERVATIVE ESTIMATES ;)

https://oilprice.com/Energy/Energy-General/Oil-Prices-Are-Primed-To-Spike-This-Winter.amp.html

“Less than a month from now, an embargo on seaborne Russian crude oil exports to the European Union will come into effect. As a result, global oil supply is set to tighten considerably as Russia is the biggest oil and fuels exporter in the world. And the market is preparing.

Hedge funds once again like oil, and are buying it on the futures market in considerable volumes…

OPEC+ is cutting another 1 million bpd from its collective production. That’s 2 million bpd in lower oil supply at a time when production growth in the U.S. shale patch is also slowing down.”

All the ducks getting in line for the grand finale.

*Mic Drop*

1st Nov - RNS

“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.”

A sample of Jiddy’s post -

“What is driving our prospective partner is a long term EOR project utilising a substantial CO2 resource the hold in Wyoming.”

Exxon Mobil -

Worlds largest carbon capture facility based in Wyoming.

Hedge your bets!