Member Info for Shouston

what a **** show

09:35:30 0.83 239,819 1,990 O

In for a penny and all that.jazz....

Added a few more just now...

Pilot.

Lets assume two things for fun...

2kpd = breakeven.

3kpd provides COPL with an additional (1000x30days x $65) = c$2m per month to pay down debts.

SL about $37m left, and BH about $20m left. So 28mths to pay down debt this way. Lets round it up to 3 years...

Field is expected to curve upto 5+kpd with consistent influx of NGLs. (I do recognise that new wells will have to be drilled etc etc but at 5kpd it become a bit of a cash cow with a 30/40yr life expectancy...

Some other late prints inc yesterday

18-Dec-23 15:33:59 0.975 10,000,000 Unknown* 0.70 0.75 97.50k O

18-Dec-23 10:55:13 1.0125 15,000,000 Unknown* 0.70 0.75 151.88k O

19-Dec-23 17:08:10 0.725 234,034 Unknown* 0.70 0.75 1,697 O

19-Dec-23 16:33:56 0.76287 16,500,000 Buy* 0.70 0.75 125.87k O

Shorts closing...

Art buying more with the proceeds of his Villa sale..

JVP thinking fukc you. I will take you on the open market inside a week...

Does give a bit of confidence to still hold here.

The simple truth to GGS working or not is the rate of gasses being flared.

Prior to the new installation COPL was flaring millions of cubic feet per day due to the system not being able to cope with the amount of gasses coming out of the ground.

If anybody cares to check the official WYGCC site you will see that flared gases are almost at zero, not only is the system coping with gasses that naturally occur when oil is produced, but additional new NGLs are being injected at a rate beyond 4mcf per day and its also coping with this new level of pressure.

There is a time lag of between 4 to 6 weeks before the pressurised field starts to produce at higher rates as seen in 2021 which was the last time COPL maintained high injection rates.

A little disappointed, but lets understand the reason why talks broke down.

Did they make an offer that was rejected? (This would be positive)

Or did they walk away after months of DD after finding out Art was selling a hollowed out hole in the ground? (This negative)

I want to hear from the BOD where we are in terms of production, and what the forward looking production rates are into Q2 2024.

With both the system in place and the opex available I am sure the highs of 8mcf can be gradually attained, then push on beyond that.

Lets us see...going concern gone!!

Key to success for every oil producer, is the simple need to produce oil.

This is after all a simple fracking play, in the middle of a safe jurisdiction (Wyoming) where oil is found in abundance.

COPL did not find this oil, we took over the company ATOMIC when poo was at a minus figure. They were on their bottom, further deeper pain was being endured by their smaller partner CUDA... (Note;- the oil was originally discovered decades ago by Mobil Oil) a small WI was and still is held by CNOOC

In Jan 2021, 1000mcf per day was being injected, giving oil production of 40k for the month.

Over the next 4 to 5 months, injection increased steeply to 8mcf. August 2021 produced 62.5k bls of oil.

Since July 2021, rates of injections have reduced constantly, until the low point of July 2023, where they were at 2.5mcf.

Overlay the dates COPL acquired both Atomic and Cuda (and the confidential well) and you get an interesting picture.

Scroll forward to now;- New GGS now capable of coping with sustained higher pressures. More NGL's going in, no flaring of produced gasses, enough OPEX to sustain this level and increase beyond 8mcf per day.

All sales are now unhedged.

Now unless all that oil has just drained away somewhere, we should see increases in oil on a par with the rate of NGLs going in.

The new GGS involves some new top side infrastructure, together with miles of sub surface steel pipe, that replaced the inadequate HDPE pipe work.

This is what I am interested in, JV was always Icing on the cake.

Getting to 2kpd removes the going concern problem...

I would be grateful if you point out one lie I told.

My most recent posts are alla bout how the GGS is working. And using published data from WYOG you can also see for your self.

Flaring is zero, injection rates are increasing, oil production lag of 4 to 6 weeks.

JV talks have stopped, so what has that got to do with getting the current field above 2kpd?

No I have consistently stated I am not invested for JV. If it came then that would be the icing on the cake.

Unless you can tell me the new GGS is not working with fact, then I remain a believer that the new kit is working.

I am surprised as anybody here.

But like I keep saying, I never bought in for JV, I only came for 5kpd.

Those that have bought in for JV are currently disappointed.

Those that bought in for 5kpd still have a chance of success, as the new system in place and is seemingly working as it should.

Maybe we walked away as the value was not as we saw??

I am still holding and considering buying more. A lot of margin calls were made today with Long SB.

Lets see where the price is in a few days time.

I am hoping the update on production is on the right track.

“Our Powder River and Williston teams are working together to turn the Powder River Basin into the next Williston Basin, and that’s very exciting for our entire team,”

Hey hold on a mo...does COPL,now not own a huge amount of PRB WI?

Just get the fukcing oil out consistently. Other doors will then open

Going Concern....

Going

Going

GONE!!!

The evidence, as officially presented, strongly suggests, that the miles of new steel pipes, and some new anti BBQ surface infrastructure is working as it should.

(ie) it is now gathering all of the previously flared gasses and reinjecting. The official figures tells you that, in addition to the recovered gas, new gasses are being introduced. $500k "Gretatokens" per month. Higher pressure being sustainably built up.

Eazy is not the only great researcher pointing these facts out.

But a "concern" subject, that some peeps, want not to be "going" on about..

Forgive me, English is not a strong point.

SEEING IS BELIEVING.

;-)

Looking forward to giving you marks in the morning??

Seeing something dangling in front of your eyes is great for confirmation I guess.

Trans your homework for tonight is to long on to WYOG below and come back and give us some percentage changes...

Flaring ratios.

New injection rates.

With a known time lag of 4 to 6 weeks can you extrapolate the data, and project when COPL will surpass the 2kpd mark..

SEING IS BELIEVING...