RE: Short term share price COPL12 Sep 2023 10:18
I think too many peeps are getting specifically hung up over JV.
The reality here is production "should" dramatically increase due to the recent $4.5m capex installation as it can now cope with the existing field pressures that have been maintained.
My understanding is that approx 300bpd were being choked back. I hope that these 300 can be quickly added to daily totals.
September was the start of gradually increasing the MF rates in order to stimulate higher flow rates. My understanding is that previously the field reacted quickly to increased flooding (perhaps a bit too well...lol)
Flaring is still an option in case it is needed.
Yes it's taken a lot longer and cost us a lot in terms of SP degradation. But I am confident production will increase, going concern will evaporate. And RBL will be granted.
At 5kpd at todays poo we can expect to earn some $13 million per month.
All good....imho