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Not long till the New Year, if they pull off the Ipo, then this will bring big players on board..gla
This will be news driven..
Or pay more later...gla
Roll on the New Year and a proper rerate...gla
Your mistaken, I'm selling into any rise and a rise (pump/dump) is on the way for the bonds to bail..gla
Has Art waxed up the whole field with his high pressure solvent gas injection....Time will tell..
The "banks" and chance of a name or two....Guess its top secret
The JV ...another top secret
Ryder report.....top secret
Which wells so far are fixed ......top secret
I agree I'm no way an oil expert, and you seem to be more clued up than me...can you tell me which wells you are referring to in your post which are now stable and increasing......
"new stabilized flow rates are being monitored and production increased."
Let me guess ..top secret !!!
Chitta, I couldn't agree with you more and I could add a bit more to your post, but for now I will refrain from doing so ...
"but people can dream" Exactly , that's all this company is now...a dreamers paradise.
Can we do a little less dreaming and post factual things to discuss...
I been here longer than most, down on my investment, but that's my fault for believing Art and cant/won't blame others for my decisions. Having said that, I am liquidating at a loss atm, but better to have some monies back now rather than a lot less later....the writing is on the wall and listening to the rampers as they try to entice others to buy when the company is obviously on its knees, is not the most pleasant of situations to be in..
Oh, come on Eazy, your one of the biggest rampers here, tell us, what's going to happen if the elusive JV partner walks away ??
Lol...Better to ask Art that question, he won't publish the report !!! Why's that, reckons people wont understand it and will see only negatives in it and it will be used to manipulate the sp in a negative way.....and that's what he said !!!..lol..couldn't make it up..lol
Less of the ramps....
This is now a process of managing the company to get the bond holders to get out..
No bank will touch this with 42 million debt, 30 million in bonds and all your oil hedged at nearly half of today's price....anyway, bank lending rates have gone up substantial since he started to look for a new lender....all pie in the sky now..watch this space...
Copl had so much going for it, all the setbacks have killed any potential value here, the bond holders will work this to get themselves our and let's not forget, the hedge increase in February....Art ,what have you done ???
We have no funds to develop/drill, it's an unproven field and just because Art says he knows more than Ryder Scott and there is loads of recoverable oil.......well, we know Art says one thing and reality is a lot different...
I'd say there was a lot more to say, just think it's Art who should be saying it, what's wrong with him publishing how the worked over wells are preforming, if they're fluctuating, well and good, but we can see the pattern and his logic for what he is saying...without details he's waffling.
Easy, don't start with the basic childish replies, we know your position from your posts in relation to news.
Art.....come on..shows us the worked over wells and how the output has increased....not the turning the tap on gradually for fear too much oil will come out.
And the ramping crew are turnings nasty, come on Art, stop hiding in the shadows, show us a detailed plan of the wells you've worked on and how it's effected their output.....is that too much to ask, he hasall that information in front of him..
This time last year we produced approx 58000, now 12 months on we produced approx 43000, that's over a 20 % fall in production. Ok, you can say there was an issue with the field which he identified, but he has been working on resolving this issue by shutting down and overhauling some big producing wells. These overhauls along with the de-waxing he has done to date has had no positive effect on the field and production is still declining. The flaring was for certain wells which had extreme pressure issues, but these wells alone will not solve the ongoing field issue.
Come on Art, what's going on, have you waxed up the whole field and not just the tubing ???
And to think there was talk of Art the genius keeping production low to crippled Cuda, who's he trying to cripple now...lol