Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Http://pipeline.wyo.gov/AllOpcoProd.cfm?oops=ID52273&RequestTimeOut=65000&nOpco=1769
August's production figures should be out this week, and a substantial increase in oil production is expected.
Today's RNS - This is interest payment, not a bond conversion, and the shares have already been forward sold. The MMs may try to take us down a little at open, but we should recover nicely.
Hedge sorted, production increase in the post and JV partner on board soon.
"The BFU and the potential joint venture requires the singular focus of Mr. Millholland and the technical team. As President of COPLA, he will be well positioned to continue to add value and success to COPL, where his strengths in upstream hydrocarbon exploration and development will focus on completing the Joint Venture discussions."
GGS completed on time, and on budget + hedge restructure + high oil price = Profitable COPL
Http://pipeline.wyo.gov/AllOpcoProd.cfm?oops=ID56620&RequestTimeOut=65000&nOpco=1769
No drop in production for July whilst the GGS was being installed is good to hear. Looking forward to August's figures, and the JV news landing.. we are very close, and the JV could land this week.
Https://twitter.com/Chuggley1/status/1689543934354030599?s=20
Production increase news as early as next week I'm thinking.
Https://www.proactiveinvestors.co.uk/companies/news/1021442/canadian-overseas-petroleum-advances-partnering-process-for-cole-creek-project-1021442.html
Plus hopefully an update on GGS completion next week, saying.. all-up-and-running-with-increased-production. GLA
@LPorter
"Increased Production despite the installation delays."
What installation delays? There are no GGS installation delays as far I'm aware. Please show us where you've seen this info.
All on schedule was the latest communication from COPL.
Production heading in the right direction, share price now heading in the right direction, and the main JV prize still to land. GLA
"June figures are out and are above what Art stated in the RNS on July 6th… Art has proven again his figures can be trusted🤝
July 6th RNS:
“Oil Production in Q2 rebounded to an average 1,250 Bbl./d, with production for the month of June averaging 1,249 Bbl./d. Pipelining at the Company's Barron Flats Shannon Unit ("BFSU") caused intermittent interruptions in injection volumes and production volumes due to temporary shutdown of certain injection wells and production wells.”
Official figures for June…
37880 barrels / 1263 bopd avg. "
http://pipeline.wyo.gov/AllOpcoProd.cfm?oops=ID17447&RequestTimeOut=65000&nOpco=1769
(Courtesy of Easy)
Just the Bond Holder continuing to forward sell, but buyers have been gobbling them up all week.
Fully expect to see a Bond Holder conversion RNS early next week, plus we should hear news on GGS progress/complettion, resulting in a substantial increase in production. GLA