George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
SteveV.
"The company shouldn't be bust but securing new funding to take us to the next level."
I thought we HAD secured the funding (at least) to end of Q1 24, even restructured the hedging, and made some cost reductions, that should of freed up cash for NGL injections to ramp up production of the new GGS that was installed in time and under budget.
I guess I was dreaming....
Interesting point of view from Eazy, posted on TG earlier....
"At the time of the report in 2022 there were no wells re-completed or producing from the Frontier 1 so that weighed heavily on the technical analysis given…
Since then COPL and the JVP have completed substantial due diligence on the field which improved the case and two big events happened…
• COPL successfully re-completed CC 11-27 in January 2023 for the Frontier 1
• COPL successfully re-completed CC 12-23 in May 2023 for the Frontier 1 which confirmed oil below the ‘oil down to’ level in Cole Creek which would’ve increased the OIP
A new report would’ve boosted the OIP and estimated recovery factor imo…
It’s good the report from 2022 is out as now any interested parties can potentially have a sneak peek before going into the data room to look at the additional information."
My words..
The leaked report yesterday also alluded to the fact that further drilling was being planned for q4 2022 and beyond. So maybe there is a chance that if RS did a further report things may look a bit different....
Art, can you face being locked up? You are getting on a bit now, and life inside is not going to be good for you.
When was the 5th Aug 2022 press release "modified"?
Who sanctioned the doctoring of this release?
What was the purpose of updating the document months after it was released?
Is your daughter (also Elizabeth) implicated in any of this?
Enjoy your sleepless nights.
YOU WILL NOT GET AWAY WITH THIS !!!!!!!!
Yes the one document does seem to have been updated.
I find it strange that in a report issued on 5th August 2022 they add the text....
"Further to COPL’s press release dated August 5, 2022 concerning the deep oil Discovery within the Converse
and Natrona Counties of Wyoming, the following information is disclosed to provide further clarity on the
nature of the Resource Report referred to in the press release."
How can they state "Further too", when the extra pages have been added to a press released dated 5th August.
Art I hope you have a good set of lawyers
Agree the figures are enormous, as one would suspect with a large oil find.
"While drilling the BFU 14-30VF well COPL encountered lost circulation in all three Frontier 1 sands.
Drill cuttings from the uppermost Frontier 1 revealed sands exhibiting bright yellow fluorescence with bright
yellow streaming cut. Also of note, the well encountered significant connection gas implying that
hydrocarbons were being held back due to mud weight (10.4 lbs/gal). While this is all positive Ryder Scott
maintains that this does not qualify as a discovery."
Page 62 in this file provided by Uknown earlier thanks...
The Frontier 2 was also mapped using well log data. The Frontier 2 is a stratigraphic trap and two
key wells in delineating the pool were the GCO Fed Lone Tree 2 well and the Valentine William 1 well. As
previously stated, the Clinton GCO Fed Lone Tree 2 well recovered 600’ of WC oil and 120’ of clean oil
from the Frontier 2. A water cushion was used in the drill stem test and the stated water cut was likely in
part water cushion recovery. Furthermore, pressure data from the test very closely matches the reported
initial pressure of the Frontier 1 from the discovery well within the Cole Creek anticlinal closure. Ryder
Scott deems this sufficient evidence to classify it as a discovery.
Page 63...
"COPL is planning to core the Frontier 1 sand in a follow up well to the BFU 41-30 well, which is slated to spud in
the fourth quarter of 2022. Based on these factors Ryder Scott feels that the chance of development is
likely if a discovery is made."
Was this well spudded in Q4 2022? What was the result.
Thanks again Unknown...
We.tl/t-6ddc6IqGMy
Great interview, gives me confidence the company will be run effectively from now on.
Come on TL give us a sign that something is about to happen....
GLA
Thanks saint nick.
The link below will get you what you want...
https://view.officeapps.live.com/op/view.aspx?src=https%3A%2F%2Fcdn-ceo-ca.s3.amazonaws.com%2F1i93ap8-SAS%2520meet%252025-05-2023%2520PWP.doc&wdOrigin=BROWSELINK
If I remember correctly MobilOil (forerunner to Exxon) made the original drilling on our lease....
May be worth mentioning in any future letters Stas??
Another factoid I recall was Art employed the services of an Indian company to map out trading patterns. Can CAG get hold of this data.
The evidence should be compelling, there is enough of it sloshing around..
Some think they are untouchable due to getting away with it previously.
Well, now they are up against the "unsophisticated" COPL investors....
Good Luck and keep your chins up.
To: andreas.exarheas@rigzone.com
Dear Sir/Madam,
I wish to provide comment on a story run by yourself COPL Makes Significant Wyoming Oil Find
It would appear that despite this major find the company COPL is now going into administration, there is evidence that the main bondholder Anavio have been shorting the stock on 90 previous occasions since first lending COPL money culminating in a 49% short position 12th Jan 2024. see data from FCA (https://shorttracker.co.uk/manager/anavio-capital-partners-llp/)
Shareholders are up in arms strongly suspecting Anavio of an asset grab, using their bond position to drive the share price down 99% since they got involved in COPL. There are suggestions that they have done this before and were fined in Norway previously. COPL was discussing a JV with oil major then it suddenly stopped. Anavio may have pulled the plug when they knew the true value of the assets.
Shareholder group have established a website containing some information about the potential illegal activities see https://www.copl-media.com
Could Andreas reopen this topic. More info can be gained by contacting coplsharewatch@gmail.com.
Thanks for helping to highlight this travesty.
Good point Tonlin,
A point that I am struggeling with to understand myself.
If Summit put in a bid to just cover their debt, and they are the only bidder then they have to pay some $55m to themselves. It seems a bit odd for them to do this as they would not benifit.
Any help in understanding this would be welcome...
Https://shorttracker.co.uk/manager/anavio-capital-partners-llp/
Beautifully put together Stas.
Would not change a word.
Bye the way. Should CAG site not have a link to the FCA data showing Anavios short positions.
Would be nice to see a graph of their position SP at the time and critical RNS release dates.
Nice one Sir...
Dear Sir/Madam,
I wish to provide comment on a story run by Joshua Wood on 8th Aug 2022 "Billion Barrel Oil Discovery"
It would appear that despite this major find the company COPL is now going into administration, there is evidence that the main bondholder Anavio have been shorting the stock on 90 previous occasions since first lending COPL money culminating in a 49% short position 12th Jan 2024. see data from FCA (https://shorttracker.co.uk/manager/anavio-capital-partners-llp/)
Shareholders are up in arms strongly suspecting Anavio of an asset grab, using their bond position to drive the share price down 99% since they got involved in COPL. There are suggestions that they have done this before and were fined in Norway previously. COPL was discussing a JV with oil major then it suddenly stopped. Anavio may have pulled the plug when they knew the true value of the assets.
Shareholder group have established a website containing some information about the potential illegal activities see https://www.copl-media.com
Could Joshua reopen this topic. More info can be gained by contacting coplsharewatch@gmail.com.
Thanks for helping to highlight this travesty.
SENT......
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Could CAG reach out to Steve to help him prepare with some key facts.
Would love for him to present a chart of the SP alongside the short position of Anavio with some key RNS releases.
It would be very telling.
I am sure he would take an interest in this situation...!!!