Member Info for pkwendall

YES, they are cracking on with the Cole Creek re-completions. Notice of intent submitted today for COLE CREEK 12-23, the 3rd well re-completion.

COLE CREEK 11-27 (notice of intent 12/12/22)
COLE CREEK 4-27 (notice of intent 13/1/23)
COLE CREEK 12-23 (notice of intent 24/4/23)

http://pipeline.wyo.gov/rNewEntryOperator.cfm?Oops=1
(Enter Operator Name “SOUTHWESTERN PRODUCTION CORPORATION”)

Yes, this is significant “Substantial additional technical evaluation has been undertaken during this period, which has led to a better understanding, and increased confidence, of this resource.”

Good to have an update on progress. All moving in the right direction here, and JV very soon hopefully. GLA

It's likely that an investor (someone perhaps who wishes not to be identified at this time) is using McCarthy Tétrault in order to take a large position.

Someone is loading-up
1,000,000 buy @ 6.20p at 59:07.690 PM £62k

Someone is loading-up

It's a buy @ 6.00 as sells were @ 5.94 at the time.

I did a dummy sell and got quoted 5.94

Said 'joe 2023', who became a member on the 23rd March 2023. Old troll with a new log-in perhaps.

The Company's operational strategy is to increase oil production of its Wyoming assets including the following:

(i) increased natural gas and NGL injections at the BFSU;
(ii) recompletions of a limited number of existing cased wells
at the CCU for Frontier 1 oil production;
(iii) drilling and development programs in the BFSU, CCU and BFDU areas.

The Company's short-term operations will focus on:

• continuing and increasing production of its Wyoming assets;

• refinancing the SCF to reduce the Company's cost of capital;

• further developing the facilities to handle gas injection and increased production capacity at the BFSU;

• recompleting up to 6 existing cased wells in the Cole Creek Frontier 1 sands to increase oil production;

• drilling new wells in the BFSU, CCU and BFDU pools;

• concluding a joint venture with a large oil company with operations in Wyoming to appraise and develop the Company's deep oil discovery;

COPL now has the funds, plus oil production has already increased, and will hopefully continue to do so. GLA

"13:24:17 6.05 1,000,000 60.50k"

The Bond Holders can't have much left to sell now?

For example this is a BED & ISA, and are not both sells.
06-Apr-23 10:22:22 5.77 189,309 Sell* 5.75 6.25 10.92k O
06-Apr-23 10:21:45 5.75 189,968 Sell* 5.75 6.25 10.92k O

The Bed & ISAs today and over the next few trading days, will look like sells.

COPL
LONG 88% have long positions
SHORT 12% have short positions

TRADING ACTIVITY Today 61% Buys

https://www.bloomberg.com/news/articles/2023-04-02/saudi-arabia-makes-surprise-500-000-barrels-a-day-oil-output-cut?srnd=premium-uk&leadSource=uverify%20wall

Bodes well for US oilers

WTI above $80 at the moment

MMs may drop this a little on open, some people will get spooked and sell, only to have to buy back at a higher price later in the day.

This is simply an U/T (uncrossing trade), neither a buy or a sell, and happens at the same time every day for all AIM shares.
Usually uncrossed at the mid-price.

"Late Larry turned up...
20-Mar-23 17:08:34 5.675 1,303,500 Unknown* 73.97k
Someone is dumping their warrants at a guess"

"The intention of this Convertible Financing is to sufficiently fund COPL for production growth, while allowing management to optimally conclude their RBL and JV negotiations."

"The intention of this Convertible Financing is to sufficiently fund COPL for production growth, while allowing management to optimally conclude their RBL and JV negotiations."

"The Company's affiliate COPL America has executed a covenant waiver ("Waiver"), with the support of its Lender, pursuant to which the measurement date of its 28 February 2023 liquidity covenant (the "Liquidity Covenant") has been extended to 22 March 2023. The Lender granted this Waiver in response to the good progress in securing funding with the main bondholder for the July 2022 Bonds offering."