Member Info for jiddy123

This will also prove useful, especially to newbies!
http://cdn.ceo.ca.s3-us-west-2.amazonaws.com/1dr223l-Anatomy%20of%20a%20Basher%20-%20Do%20and%20Don%27t.pdf

Ditto!

This has been mentioned before, however I will refer again to Armstrongs deal with Oil Search going back to 2017. Oil Search were predominantly an LNG company in PNG. They decided to purchase Armstrongs assets in Alaska, in a low POO climate with no experience in Oil or Alaska.

DH - don't forget that our prospective JV partner APPROACHED US months ago! Don't you think that due diligence & the horse trade have been going since then. Don't forget Exxon made $56Bprofit in 2022, & AM will be well aware of that and the continuing inflated price of POO.

AM is a shrewd cookie, so don't fret about the terms of the deal. He would have played hard ball, & he already knows the company.

Good luck!

Our prospective JV partner is:
* Large Oil Company
* Previous working relationship
* EOR project using CO2

Exxon's "La Barge" CC facility in Wyoming is massive.

We ALL knw that judgement day is 14th March. Time to make your minds up people!

peronifund - it depends on what your definition of a "Large Oil Company" is.

Hi Tiburn - given what we have both concluded, the SP should rocket from here IMHO!

Iam sure that they can afford to bankroll CC & FD from loose change!

We have the oil, Exxon have the CO2 & both have an SRI philosophy. Exxon are also awashwith cash:
ExxonMobil has reported a net profit of $55.7bn for the full-year 2022, up from $23bn in 2021, benefiting from the surge in oil prices in the wake of Russia's invasion of Ukraine. For the year ending 31 December 2022, cash flow from operating activities rose to $76.8bn, from $48.1bn a year ago.

"Making money the green way"

Highly relevant to COPL:

•CO2-EOR is expected to generate high profitability when applied to many types of oil fields. This is because it is possible to use captured and recycled CO2 to inject into the reservoir formation in either liquid, gaseous, or supercritical states.
•High-viscosity (heavy) oils and low-permeability reservoirs, as well as depleted fields with high-water cuts, are all potentially suited to the CO2-EOR technique.
•CO2-EOR offers a potential large-scale solution to help mitigate CO2 emissions and reduce its damaging impacts on the atmosphere.

https://pubs.acs.org/doi/10.1021/acsomega.1c07123#

I have always maintained that Exxon will be our JV partner - I have found all the the clues, & that is my educated opinion FWIW. Our JV partner is looking for an EOR using CO2, & we have had a previous working relationship (see 2016).

This may be of interest:
https://insideclimatenews.org/news/27092020/exxon-carbon-capture/

OMG FOMO alert!
6.40 GBX
+0.27 (4.49%)today

Todays RNS:

Current Production 1400 BOPD
"Most importantly our principal stakeholders understand this too, and are working with the Company to exit this period stronger than it entered."

As another poster used to say, "look above, below & between the lines!"

Hi shaa - that is the statement which says everything!

The SP should now BOOOOMMMM!!!!

Nothing showing on Google F ????

AM has said CC re-completion is a game changer - we shall soon see.....

Looking good!
https://www.theweathernetwork.com/us/14-day-weather-trend/wyoming/powder-river

Amen to that Cyprus, especially Fish123, 1970John & Finwitrader.

If everyone keeps reporting the abuse, we could be back to some semblance of normality LOL!