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Good Evening Tiburn ,
it would dovetail beautifully with the research i posted on this thread yesterday so
here's HOPING.
GLA.

Good Afternoon Tiburn,
perfectly understand you frustration.
I was really happy yesterday afternoon after posting some research which i hoped would inspire people to hope for the best possible outcome,
to see it drowned in the negativity saga.
Sometimes wonder why we bother lol.
GLA.

Good Morning Everyone ,
I normally refrain from commenting on the negativity brigade but the falsehoods being espoused at the moment are simply to much.
Lets examine some of the statements made.

“Hindsight is a great tool and to be fair if Art had of pulled it off, he would be our hero, but he hasn't !!, in fact, he has obliterated any value Copl had. “
Before AM purchased Atomic and Cuda he had a company waiting for progress in Nigeria and worth very little.
Now we have 38mbls of 2P reserves,
an 85/100% WI in a multi Billion $ oil discovery.
The hedge insisted on by our senior lenders ( and common practice in the industry ).
Is this the “obliterated value “ value you speak of absolute RUBBISH.

“A JV, who funds the new discovery and we live in hope of a good strike and the new partner can carry us out of the mess we are in.”
After all the problems associated with carrying Cuda then the acquisition with limited spare cash ably helped by the Bondholders to a point where we still have the possibility of an RBL we are on the cusp of profitability.
Is this the “mess we are in” absolute RUBBISH.

“( All this will take time and we will need to give up a large % to any new partner) “
I think it will not take very much longer other wise we would not be at the Due Diligence stage,
and we will be GIVING up a large % if we are lucky we will be SELLING a “ large % for a huge amount of money.
So therefore more absolute RUBBISH.

“A buyout, but this will only allow the bond holders to recover their investments and you will find most private “
Buy out could not happen without shareholder approval , AM plus PI's plus bondholders are all shareholders and in any case at a bare minimum current rates we have ,
38 mbls of 2P reserves @ $2 /bl = 76 million + 80 million of injected gas 20 million in plant and equipment .
So we have 176 million – 67 million for our debts = 109 million with no addition at all for the deeps discovery.
So 2.5 times the current market cap minimum or circa 37p/ share .
“ investors will loose nearly all their investment.”
This one is not absolute RUBBISH it is just LIES.
.
” A fund raise to try carry on alone “
More RUBBISH.

Apologies to everyone for posting this RUBBISH.
GLA.

Good Afternoon Everyone,
Firstly may I say thank you and congratulations to Jiddy 123 who is the person this post is named after.
He is one of the longest holders on this board who happened to ask the right question at the right time and was honoured with an astonishing response never mind interesting.
I have read the post several times as I could not believe the level of detail background and strategy information contained in it.
AM has often been criticised for ignoring the LTH's well it seems he can hardly contain himself as he knows what is coming and chose Jiddy as the conduit to express his excitement.
As of this last few hours so am I.
I am actually going to start at the end .

“What is driving our prospective partner is a long term EOR project utilising a substantial CO2 resource they hold in Wyoming.”
Is it EXXON ? .
I researched on the EORI ( Enhanced Oil Recovery Institute ) website
( based in Casper WY by the way) and looked at this map,
https://publicserver.wyopipeline.com/Html5Viewer/Index.html?configBase=http://publicserver.wyopipeline.local/Geocortex/Essentials/REST/sites/CCUS/viewers/CCUS_in_Wyoming/virtualdirectory/Resources/Config/Default

Exxon Co2 recovery plant is based at Shute Creek and as you can see their Co2 pipeline passes through Natrona county from SW to NNE and passes not very far away from the CC unit.
What difference does this make to us I hear you ask ?.
Well I then managed to unearth this link.
https://ieefa.org/articles/shute-creek-worlds-largest-carbon-capture-facility-sells-co2-oil-production-vents-unsold

As you can see 50% of the Co2 produced by Exxons flagship GREEN project is being vented back into the air , and they are coming under the scrutiny of environmentalists to explain this.

Well what if there was an oilman who they had done business with in the past who was sitting on a huge discovery very close to their infrastructure who with the help of secondary ( or enhanced recovery techniques ) could extract at a minimum ( remember the RS report only takes account of 50% of the acreage ) 500 Mbls and you know from data you already hold ( remember it was Exxon that originally sunk the wells into the Dakota level originally ) that there is oil in the 180' of pay in the frontier 1 level what would you do.

It is a triple whammy for them.
Invest in a WI ( and please a raging President Biden by investing in production )
Divert your wasted C02 production to CC ( pleasing the Green lobby and improving their PR ).
And make BILLIONS along the way from production and selling your own C02 to the project and as the oil is depleted over time have a growing repository to store the produced Co2.

Now you can maybe understand why I am so excited .
I could be completely wrong ,
but people can dream.
GLA.

Good Morning Everyone ,
Good Morning Tiburn,
may i offer a different perspective,
firstly the bond was initially organised at the behest fo one of our largest shareholders at the time.
Whilst maybe the early conversions for brokers and expenses may have been sold ,
it is not certain that the subsequent conversions have all been sold..
If you think of the bondholders as investors the picture could be very different .
Unless they convert as many as they can before AM is able to invoke the option to buy back the remainder of the bonds in cash ,
they lose the chance to build a large holding and gain any share of any prosperity in the future.
Could it be that they now understand that the prospect of AM will shortly be in a position via a JV or RBL to start paying back in cash.
If i was one of the bondholders and ( bearing in mind they probably have access to how negotiations with the JV partners and the Banks are going ) i would want to convert as many bonds as i could before a material change would prevent me from doing so.
Of course they have the warrants option still available but if i believed in the future of the company the route of conversion is the one i would take.
I think the accelerated conversion could be good news
that big changes are approaching.
GLA.

chihuahua even

base ,
that was a real chihuaua lol.

Good Afternoon Everyone,
Agree with both Stas and Edgein,
suspension before announcement would be the right way to go.
And bearing in mind AM 's anxst in the past about the players would be the perfect revenge lol.
By the way Stas just did lol,
i don't think there will be so many more opportunies to look " The Gift Horse in the Mouth " at these levels.
GLA.

Good Morning Tiburn,
I must admit i was thinking along the same lines as yourself ,

"Staged deal, but COPL get bigger payout for % sold later?".

But i have been pondering on the part of the RNA regarding the 6 re-completions at CC and putting some of the data in the public domain ????..
Why do it now when TDD is in progress.
Obviously the data is not covered by an NDA.

Could it be that AM wishes to nudge the Large Company in the PRB along a bit.
Presumably other Large companies could do the reverse correlation between Vertical and Horizontal production you rightly made, this combined with reserve proving data being gathered by (the 6 CC wells ) would only highlight the potential to other companies looking to expand.

Looking back at the various JV's and WI partnerships which have a occurred and bearing in mind ( that the larger companies in the PRB are awash with cash currently ) are we thinking to small !!!!.

When these companies make a move they don't mess about , they move and seem to be willing to pay well for what they want.

Biden is not impressed with share buy backs and the lack of investment in production and drilling proposes to give tax breaks for investment in production, also if the republicans do well in the mid terms the pressure on the majors to get a move on will only increase.

If De-lineation went well would our JV want to risk a possible bidding war with the growing size of the discovery being reflected in production figures that would be in the public domain.

Could it be possible that a large company awash with cash ( and tax breaks available ) decide to take a punt and put up a sizeable amount of dollars upfront to purchase a large WI stake knowing that overtime they would get their money back no matter how big the discovery turns out to be, and thus avoiding the risk of having to pay much more latter.

Just some thoughts.
GLA.

1509 ,
it was 42-21v which had previously not been this good a producer.

Good Evening Everyone,
The actual production by wells is 43,763.
To clarify ,
the best wells were clearly still choked and there are also a good few days short of full production .
A couple of highlights though,
42-21v 2058 bls / 17 days way up on previous production / day,
11-28v 610 bls / 10 days,
23-14v 669 ls / 23 days.
No bad news in here,
nearly 5% increase with all the missing days and this is before the major flaring for pressure relief even started.
GLA.

Good Afternoon Everyone,
Absolutely correct Tiburn,
i think you have nailed the process timeline.
AM specified Technical DD,
this means checking of data to be sure no mistakes have been made ,
Financials probably already agreed.

The fact the focus is shifting on to frontier 1 sands at CC is significant ,
1. pay at CC = 165 feet,
2. pay at 14-30 VF = 140 feet,
3. Average pay for BFFDU = 70 feet.
Could it be that the average pay figure for the BFFDU was way underestimated as against the proved data for 14-30vf and the newly proposed re-completions for CC ??.
Also CC is not federal lands so no permitting issues .
Also as these drills are in the deeps and due to be started in December could this mean the JV could be completed by then.
Surelly our new JV partner will want access to all the deep unit not just the federal unit .
Also good news about the increasing potential of the BFU.
GLA

Good Evening 1509,
i agree with you and trust AM 100%,
he has always had a bad press on here unjustifiably IMO.
We will still exist lol,
we may have to give up half the WI in the BFFDU but we will still have the BFU and part of CC.
I also agree that who would'nt want to take a punt on the BFFDU,
for one of the larger companies the outlay would be relatively small but with the huge upside if the data turns out to be anywhere close to RS's calculation over the limited acreage they assessed up to now.
De-lineation could reveal an even larger amount to recover.
Even if it didn't there would be more than enough to justify the original investment.
So by any measure we are only going one way from here.
GLA.

Good Afternoon Everyone.
I feel everyone is getting excited about the end of the month.
AM did NOT PROMISE or say DEFINETELY to any RNA about a JV or RBL.
Only “hopefully”. ( by the end of October ).
The KNAYSAYERS will try to accent broken promises again if nothing is announced on Monday.
This is simply NOT true.
So as the title of this post suggests I do not care when the GOOD NEWS comes only that it is the RIGHT NEWS.
We have potentially 3 pieces of GOOD NEWS coming and they are all inextricably linked.
1 RISING PRODUCTION.
2 RESERVE BASED LENDING ( or properly rated NEW senior lender ).
3 JOINT VENTURE PARTNER.
Now in simple terms,
No2 will not happen without No1 happening first ( rising production will prove we are capable of servicing the loan ).
No3 will effect the size and scope of No2 ( if there is a cash component to a JV we may need a smaller RBL but a bigger revolver to hold up our end of a JV agreement ).

Life is never simple we ALL know that.
As Guitar has just highlighted ( the Hamms would like to take Continental back in to private ownership if they are the ones interested this could be possible hold up ),
there may be reasons why other companies may have other issues which could slow the progress of a JV.
AM has to strike a balance between all 3 to get us all where we want to be.
It may not be Monday it may not be for weeks yet but if he manages it we may discover and appreciate the real reason he “fell off his chair “.
IMHO AM suddenly realised he may not only build a bigger and more profitable company than OILEXCO he may also REDEEM his reputation within the oil industry.( if it was needed lol ).

So while some think he has a scant regard for SP or PI's remember ,
if HE gets the result he wants so do WE.
So keep the faith.
Slowly slowly catchee Monkey lol.
GLA.

Good morning 1509,
Please find the link below to the Niobrara fomation in the PRB.
https://www.ocgs.org/sites/ocgs/uploads/Sonnenberg_OKC_talk.pdf
If you expand page 7 the blue and red dots straddling the Natrona/Converse county boundary near the bottom of the page is COPL.
As you can see most of the Niobrara activity is to the east and southeast of us.
If you go to page 16 and substitute Chesapeakes name for Continentals ( they bought out Chesapeakes interest in the PRB ) it may explain their interest.
Hope this helps,
GLA.

Absolutely Tiburn,
investors only need to understand the last two parts of your last post .
Traders only want to try to hide or ironhide that truth as it suits their agenda.
GLA.

Good Morning Tiburn ,
LOL,
i wonder if he will even notice lol.
GLA.

Good Evening Tiburn,
Absolutely agree with that ,
Just in case when i mentioned a serious JV partner being willing to put up circa $200 million in an earlier post
i was not expecting any contribution to COPL ,
i was just suggesting that after maybe a rolling start to the deal ( just to confirm potential ) that a serious partner will want to start installing the infrastructure necessary for the possible massive project to come as they go along.
This will have implications for us but none of them bad IMHO.
We know he will probably have to give away 34% minimum , if it was Continental they also already have WI with CNOOC which they acquired when they bought out Chesapeakes PRB holdings.
If it is somebody else they may decide take up CNOOC's wish to part with their US holdings in which case AM might have to part with 49% if he wishes to retain operatorship.
But to be honest i am not worried if he does decide to give away operatorship of the deeps,
we will still be winners in the short, medium and long term as i see it
An RBL would then only be needed for refinancing with maybe a revolver ,
It will then free up SWP to maximise the BFU while the the new JV partner gets on with the DISCOVERY.
If the JV partner and RBL fall into place the discussion on this board will change completely lol.
A win win situation for us all i think.
GLA>

Good Afternoon Everyone,
I would just like to put a little more flesh on the bones of my and Tiburn's ideas from yesterday.
It is not just the GOVERNORS office that are supporters in Wyoming
The state SENATOR is pretty excited about it as well !
https://cowboystatedaily.com/2022/08/08/billion-barrel-oil-reserve-discovery-confirmed-in-central-wyoming/
Also as Tiburn alluded to in his extrapolations the ESG aspect is very important form the point of view of the Biden administration ,
we have this base fairly well covered as well which may make the federal access required as talked about by the SENATOR possibly even more acceptable to the Biden administration and the
“Anti-Woke Investors “ discussed in the link below .
https://cowboystatedaily.com/2022/10/14/anti-woke-investment-funds-offer-financing-support-for-wyoming-energy/

The Biden administration has been kicked in the teeth by OPEC and pressure at home is building for a response,
what better way for him to start than to support ( little old COPL ),
which at least we have some ESG credentials and thus not compromising the administrations agenda to badly.
I am sure any JV partner understands this as well and may have even tipped the nod that it would be looked on in a friendly light.
So I say once again that although the machinations of the markets over here are pleasing none of us ,
The prospects for the company in the US are regarded in a completely different light.
Time will tell.
GLA.

Good Afternoon Everyone,
Well that was an interesting week with some very interesting incites to our possible future.
This is the first of 2 posts I intend to write this weekend ( with similar titles ) this one I am happy to write the other one will point in a completely different direction and may get me some stick but I feel it needs to be aired..
But before I expand may I say that the LTH's by this I mean pre – Atomic have earned the right too express their views happy or disappointed Bolton,Panama,Wookie etc and I respect them all.

Now to business lol.
Nearly everyone who watched the flaring court presentation were impressed quality, quantity and execution of the submissions .
Everyone was of course correct,but I would like to highlight a few aspects which may shed some light on where we are going.

1) Everyone was impressed with the performance of AM's daughter , is she a future successor to our leader ?, if this is the case any thoughts of AM accepting a (low ball offer for a takeover ) are completely of the table ( a ridiculous notion anyway ), also the thoughts of a hostile takeover ( also completely dispelled by Sagemans explanations previously ) it is just not the way the large US oil companies operate.
They sometimes have bidding wars but often end up paying more than necessary to WIN.

2) The WYOGC panel whilst posing some credible questions were only to keen after their questions had been answered to heap praise onto COPL one even declaring that he had been following the progress of the innovative field management closely.

3) This is the most IMPORTANT point, anybody who understands the way US politics works knows that the GOVERNOR OF WYOMING did not walk into the room ( and announced ) just before the vote BY ACCIDENT !!!!!!!.
He was there because he wanted to be seen to be there!!!!!!!!!.
What does this signal to us and others who may have an interest in us,
It signals that the state of Wyoming will give us all the support they are able,
it signals to the local bank ( AM's recently stated preference for our new finance package ) that they have nothing to fear from them,
and it could also be regarded as a GREEN LIGHT to any potential JV partner that they will also get any support possible .
He was not there for the MILLIONS in royalties and taxes which may be generated with the BFU.
He was there because of the BILLIONS of royalties and taxes that maybe generated from the ONE OF LARGEST US ONSHORE DISCOVERY IN YEARS.
So while we have once more been disappointed by any market reaction to the FOX'S ( admittedly previously announced news over here).
Over there they would like to befriend the COYOTE !!!
GLA.