Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
"some excellent posts by pkwendall and Tiburn this morning. I recommend everyone reads them to allay and fears instilled by the derampers"
Mostly Tilburns excellent work. I just added a few more positives to the long list of reasons to invest in COPL.
Keep your eyes on the prize.
Up to 2 Billion OIP
CC has similar geology to Sand creek - 800 million barrels extracted to date
No wildcat drilling - established reservoirs
Discovery is ratified by independent Ryder Scott
Low cost drilling onshore
Rapid production and capex payback
Topside in place
Infrastructure and refinery established in mature oil region
Safe jurisdiction
CEO has skin in the game
Supportive pro oil and exploration Wyoming regime
Governor support - attendance at flaring hearing
Fast tracking of drill permits - in 3 days
Low tax and royalty
Incline curve reserves
Potential substantial additional OIP following delineation
Stacked reservoir play - multiple targets
Suitable for immediate tertiary MF recovery upto 50% of OIP
Wind farm supplies electricity needs
Substantial CO2 storage opportunity in CC anticline once oil extracted
CC is 100% owned by COPL - one party to deal with
COPL in discussions for Joint Venture with 'large oil company'
Up to 2 Billion OIP
CC has similar geology to Sand creek - 800 million barrels extracted to date
No wildcat drilling - established reservoirs
Discovery is ratified by independent Ryder Scott
Low cost drilling onshore
Rapid production and capex payback
Topside in place
Infrastructure and refinery established in mature oil region
Safe jurisdiction
Supportive pro oil and exploration Wyoming regime
Governor support - attendance at flaring hearing
Fast tracking of drill permits - in 3 days
Low tax and royalty
Incline curve reserves
Potential substantial additional OIP following delineation
Stacked reservoir play - multiple targets
Suitable for immediate tertiary MF recovery upto 50% of OIP
Wind farm supplies electricity needs
Substantial CO2 storage opportunity in CC anticline once oil extracted
CC is 100% owned by COPL - one party to deal with
(Above courtesy of Tilburn)
Plus... JV news expected.
Try this one
https://www.**********.co.uk/articles/trader-s-cafe-with-zak-mir-bulletin-board-heroes-january-4-175f8b9/
Trader's Cafe with Zak Mir: Bulletin Board Heroes January 4th
https://www.**********.co.uk/articles/trader-s-cafe-with-zak-mir-bulletin-board-heroes-january-4-175f8b9/
COPL at 08:08 minutes
The $4m "Tap" facility opens up the door to those CCU re-completions, and also allows for the upfront costs of completing the RBL, which is due to be signed this month along with the JV news.
JV news could land anytime.
This $4m "Tap" facility opens up the door to those CCU re-completions, and also allows for the upfront costs of completing the RBL, which is due to be signed this month along with the JV update.
This is another shrewd move from Art, whilst will await the RBL & JV terms to be finalised.
"Following the Company's hedge restructuring, the offering proceeds will be used for re-completions at Cole Creek Frontier Sands, capex and miscible injections at the Barron Flats Shannon flood and for up front deposits and fees for debt refinancing term sheets for COPL America."
Joint Venture Update
As previously disclosed, COPL was approached late in the third quarter by a large oil company ("JV Party") inquiring if the Company was interested in a Joint Venture partner to appraise and develop its Barron Flats Deep oil discovery announced in September 2021. The Company is bound by a non-disclosure agreement ("NDA") with the JV Party and as such is limited in its ability to disclose their identity and the nature of the discussions to date until after an agreement is entered.
The JV Party conducted technical due diligence on the Company's interpretation and technical information of its deep oil discovery which was presented as a significant extension to the Frontier and Dakota oil accumulation at its 100% working interest operated Cole Creek oil field. As common in industry the JV Party would also conduct their own internal evaluation, which we believe has been completed.
In early November, the Company presented its outline of a joint venture to the JV Party for discussion. COPL understands the concept is moving through their internal processes as the Company has been asked for additional time for the JV Party to present a potential way forward. COPL has agreed to this request and has been recently advised that a potential way forward will be presented by the JV Party in early January 2023.
"with a primary emphasis on large-scale carbon capture and storage"
https://corporate.exxonmobil.com/news/newsroom/news-releases/2022/1208_exxonmobil-announces-corporate-plan-to-double-earnings-and-cashflow-potential-by-2027
Growing the Low Carbon Solutions business
ExxonMobil has allocated approximately $17 billion on its own emission reductions and accretive third-party lower-emission initiatives through 2027, an increase of nearly 15%. Nearly 40% of these investments is directed toward building our lower-emissions business with customers to reduce their greenhouse gas emissions with a primary emphasis on large-scale carbon capture and storage, biofuels, and hydrogen.
Interestingly, I attempted to add some more COPL to a long/buy CFD yesterday and again this morning, but IG not allowing any leveraged buy trades. This tells me that they are expecting COPL to rise. Any thoughts?