Member Info for MasksNewNorm

Current production 2000b/d ?

Crude $85.65 live.

1.9bn bbls value?

Time to start loading the wagon back up.

We are actually back testing the 200DMA and coming back to the 8EMA. All normal movement after such a big rise from 16/17p.

Anyway the drop was quite natural in order to backtest the 200DMA and traders know this is strong support as it took a whilst to break it whilst going up. Pass this which should really be the case due to the new 1.9bn barrel carrot then the rerate continues north until the next backtest at which point the posting games will start again.

And repeat all the way up until the 1.9bn bbl is bought

Like I said.

Scare you off and scoop up your blood. Is the game then switch from deramp to ramp highlighting all the obvious reasons to buy whilst rubbing hands that they tricked you into selling at all.

This is a significant oil discovery and the size of the upside at our Wyoming asset was a surprise to us all. Conventional light oil discoveries of this magnitude have been rare in continental North America for years if not decades. We control the majority of this discovery as it is coincident with our large contiguous lease block. We will start exploiting the discovery this year."

COPL currently estimates the total reservoir volume of the discovery to be 1.5 billion to 1.9 billion Bbl. of Oil in Place ("OIP"), of which 1.275 billion to 1.64 billion Bbl. of OIP underlays COPL lands

-- Production has already commenced from the Dakota Fm, the lowermost reservoir sand in the BFU 14-30VF discovery well (100% WI) at 100-120 Bbl. oil/d

So a 1.9bn barrel new discovery is a nice to have but when you have it it means nothing?

Even if it was remote and hard to get to it would be valuable never mind that it is already coming to surface freely without stimulation and tapped into production lines.

The bonus is this well wasnt designed for production but rather than plugging it they are capitalising on it whilst the next phase begins.

As it stands 88e still targeting 653m barrels and £336m cap and over 14bn shares in issue.

COPL strike once in a decade 1.9bn bbls and £50m cap, producing already and 190m shares in issue.

The well has been placed on production unstimulated at an initial rate of 100-120 bbl./d.

Unstimulated

The find has already been put into production

Mapping of the reservoirs on regional trends has shown the discovery to be extensive, with the Company estimating the combined reservoir volume to be 1.5 billion to 1.9 billion Bbl. of Oil in Place ("OIP"), of which 1.275 billion to 1.64 billion Bbl. of OIP underlays COPL lands. COPL's current working interest on its operated leasehold block ranges from 55-85%.

Mega support. And why not look at the tiny cap for a1.9bn barrel free flowing light sweet discovery.

Yes sharebel it maybe that the regulars are used to trading this so old habits die hard etc even when 1.9bn barrels land at the front door.

Yes Jamie the chart is sweet 65p still on for the next leg. Then north after a day of similar of todays posting as it consolidates.

Crude $87.62 and climbing.

RKH went from 30p to 60p to 120p then 300p and crashed to 60p before running up to 540p+ Games all the way up to grab stock.

All planned to fill big orders once the discovery was made. It did not flow for some time also.

Copl announced discovery and flow in the same RNS The size 1.9bn barrels was totally unexpected so expect all the games to shake you out leaving you scratching your head when they decide it is the real boom time.

Expect all the games to second guess yourself and make you give up your shares.

Crude $87.17. Copl now a producer which is new development for them.

The 1.9bn barrel discovery was not expected to be this size. Many caught short.