Member Info for Shouston

Agree, so last 3 days were blue, can we make it a fourth day in a row.

Tide is turning and the 'fish', are being stranded.....

For general consumption these were the dates of previous production updates

August released on 2nd October (35535)

September released on 30th October (34438)

October released on 22nd November. (33903)

November could be released anytime from 2nd of December to end of December.

GGS fully installed, Injection rates increased to 4mcf/day, and importantly flaring is now almost negligible.

I am confident that November production will show further improvements, and as the injection rates increase to 8mcf/day we should reach beyond previous highs using the old under spec GGS system.

Lets see????

Fastfood.

How you feeling...?

Peeps realising the GGS is working as it should.

Little to NO Flaring...

Agree there has been some selling but still more buying continues.

1m bought...

Some nice 250k and 500k buying going on in the last 40 mins or so...

Agree with the frustration BB, however I would welcome the slightly cautious initial ramp up in order to maintain H+S credentials.

But all seems to be going well. Flaring is now almost negligable so no wasted cash burning excess gasses. All are being captured and re injected saving us millions of £ per year.

It will be a great day when we hear that bond interest is being paid with cash rather than shares.

Maybe that day is not so far off. I think the target is to get to 8mcf injection, so we should see some significant uplift in production.

And with OPEC expecting to deepen production cuts can only help with price of oil.

Maybe it was the wife topping up your ISA for Christmas Eddie...

Have you checked out your joint account balance this morning...lol

You still shorting Pilot?

Bit of despondency here on a blue day, building on yesterdays surprising blue day (in spite of Bond conversion RNS.)

FWIW. Further indications that the GGS is working, can be found by the amount of flaring currently going on.

Eazy is quite right to highlight sustainable increases in Opex for the additional injectates, but for me the interesting (comforting) point is that the amount of gas flaring now is extremely low.

Previously there was one well in May 23, that flared $230k worth of gas, and produced about the same value in oil sales .

That same well in the last reported figures, show a negligible amount of flaring. But similar value oil sales.

(Flaring Factoid Pilfered from Bob on Telegram ;-)

Regarding waxing being a specific issue for COPL, I understand that waxing is common place globally, and there are techniques to manage them. (Perhaps a bit more pressure will simply blow the wax out...) COPL has already invested in mobile equipment to manage build ups.

Lots of us happily invested (just) for 5kpd, and I am pretty sure with the new Capex installed and Opex in place, a clear pathway to that point can be found.

Most 'Post Atomics', never invested thinking we would buy out CUDA so, "painfully" soon. Nor discover a billion barrels, nor sign an LOI with an oil major.

(Pre Atomic investors are on another pathway)

GLA

VELO ENERGY INC???

Did you notice when you click on QTR reports, when the tab opens take a look at the name that appears in the Tab header page...

https://www.canoverseas.com/quarterly-reports/

Hello M8,

Will be sad to see you not posting any more. I guess the time is right to hang up the keyboard and do other more interesting things.

I for one have valued your posts and tips over the last couple of years.

YOU ARE SIMPLY THE BEST.

Stuart.

Quite a telling post from Trans earlier Ashwaldo, seems to confirm my own belief in what his purpose is?

Transhaven

Posted in: AFC

Posts: 865

Price: 16.00

No Opinion

RE: Someone wants our stock!! Today 08:57

Oh come on everyone knows the LSE has paid shorter crews.....

;)

By the sound of the shrills, means Positive Pressure is being built day upon day.

(Think we are at 4mcf+ currently and building...)

VERY, Expensive flaring has all but been halted, which, imho has to be 100% attributable to the new GGS operating correctly.

Some other peeps fishing for the deeps.....

PMSL Fin.

Post of the week for me...;-)

Out for me this morning.

This is tooo high risk/reward for me.

Good luck with this..

Despite the travel advice it does not prevent you from going there...

"flying to the airport at the Unity oil field (South Sudan) and then crossing the border by land to Heglig in Sudan. The above map (which should be treated as an historical document) indicates the location of these fields"

Judging by his travel itinerary, it seems like he was fairly determined to get to Sudan for some reason....

What could it be for....as you say its no holiday destination!

(I Don't suggest throwing the kitchen sink at this, but if he pulls it off, the SP will go stratospheric.

Well he is certainly in the right place....

Did he take a pen with him...?

212 million shares traded so far today.

Those keen to get out this morning did so, those waiting for it to fall further are in for a long wait...

IMHO