Member Info for Fastfood

Yes Finwitt. I have bought in under 2p. In fact there has been plenty of time to buy in under 2p. You can do so even today with LOI and GGS about to complete. Thanks to the Bondholders of course.

Many have got in here under 2p Sidney. Patience. From one hand to another.

Finwit. I hold Stock here. I’m pretty sure I won’t hold as many as Panama though as I didn’t get sucked in and so no need to Average down.

Panama. No one put your arm up your back to Invest in Copl. It isn’t my fault that you have an Average close to 10p.

I always fancied a serious drop in SP from the 6p benchmark (Previous Benchmark 16p before Whammy RNS 1 Feb) due to the fact that Cash burn would increase “Going Concern” Repeat re Production downtime for GGS.

What I didn’t see coming was that the Bondholders would be the Catalyst !! And so now that GGS is almost complete but unproven / I do expect 1 more Bond Conversion. But they better be quick as time running out for them. The GGS has to work and 1 more Bond Conversion would put cat amongst pigeons/ so I wouldn’t put it past them.

Once GGS permits 1950bopd as Art alluded to then we are away.. slow and steady does it for me.

The Market won’t take any more of Art’s forward promises. Only concrete milestones like an Actual JV / Actual sustained Production Increases / Actual RBL / EBITDA / Field delineation.

Tibs. I refer to the fact that the Billion Barrels is not part of this initial LOI. A kind of watered down JV v what we were led to believe. I also would like to know why Art has not disclosed Timeline of Closure date of LOI. Hope it’s Jan 1st.

That is a possibility Eazy. Hope for the Best.

This is why I was saying yesterday it was looking unlikely it was Exxon. Because they wouldn’t go for a few Drills / However if the JV led onto FD with delineation then maybe ?? But I don’t think it Exxon now.

Just find it a curve ball that Fed Deep not on immediate Agenda / seen as that’s all we’ve talked about since JV announcement way back.

Unfortunately it seems Ashwaldo bi polar has re activated. He talked quite calmly before but seen as I wasn’t on here RNS day / it seems to have really angered his inner chimp.

Forgive me (Beesty has really toned it down / Congrats). Yes I get that it all connected. I just read this LOI as though it was a scaled down I tension vs the “It’s too Big for us to Develop on our own (FD)” speech.

So we get the LOI but at no point in the past did Art mention JV Cole Creek. In the past Art certainly referred to Fed Deep. So somethings changed. I find it odd he never mentioned the billion barrel discovery in the LOI RNS. That’s why I say I read it as a scaled down version on the original JV hope ie Development of Billion Barrels..

Correct me if I’m wrong..

I’ve just witnessed Beesty writing a Post without swearing 🤬. What’s going off ??

I require Art to confirm if the original JV who approached us over the Fed Deep back in Sep ?? Is the same JV Company who’s signed this LOI re Cole Creek. And if not then has the Fed Deep JV walked away and he forgot to inform us ? Wouldn’t be like Art that would it ??

I think that’s a reasonable ask of the man ..

Art announces JV talks about Fed Deep. Then announces LoI about Cole Creek. No mention of Fed Deep now ? You’d think he would confirm so as to avoid any confusion on the matter ?? No ?

Blackstout. C’mon. We are very unlikely to recover 1b barrels !!! Even some of those constantly Positive on here would concur. Economical recovery factor is not likely to be 66% of the 1.5b in place.

But your thoughts on Carbon Capture most welcome.

My £100 Charity JV pre Christmas announcement looking dodgy. Even if it’s certainly not Exxon now.

Plaicefish. Ashwaldo suggested £100 gamble on JV before 2023 year end but I prefer Charity donation to which he and others agreed because we are hardly going to meet in a bus stop are we or exchange bank details ?? Regards Charity people can be honest with themselves and if they decide to blob then it’s on their conscience until the day they see the light at the end of that tunnel. And that day will come. Either way wrongs will have to be paid back.

So Charity is wholly good and I even offered to pay to my opponents Charity. They declined saying pay our own and so mine will go to local Hospice. Cannot say fairer.

(We see 5p).

Eazy. I await the day we see and if it’s after 31 Dec all the better.

On a more current topic / I see Art selling the Carbon Capture potential to the Private Investor to create liquidity in the Market. As JV no one believes is anytime soon. However / Point to Note :- If JV was coming to Copl soon / then I guess it would be in interest of Bondholders to convert a few and drive SP down to create more Shares ?

News imminent about the GGS being completed to get us to 2000bopd and then hopefully field can loosen up to 2500 and extra 500 on top as per Hamman Report.

I expect one more mighty Bond conversion in the meantime.

I didn’t think so … Shaa … come back lol..

Shaa where’ve you been ? There’s £100 Charity donation riding on the fact No JV 2023. Care to join in ?

I think Exxon or any Oil Major likelihood of paying us Revenue as part of any agreement would be very slim. IMO they would desire full control rather than making someone else continuously wealthy.

Big Thank you to Pilot re Posting.

The Bondholders are on the inside. They are party to all things Copl. They can mop up a T/O (SP would rise dramatically) at any point of the process and in doing so at the cheapest price possible / If they wish to do so. The Bondholders have it if they want the Asset.

I bid you all a good evening.