The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
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”)
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
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
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 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."