Member Info for snowy111

where the F is JAy

could be delayed from yesterday, by time stamp looks like it as 2.5mio real time 11.38.24 then the 50mio at 11.38.04 after

The Barron Flats Unit: An Opportunity To Acquire A New Early Stage Oil Field
• The Barron Flats Unit (“BFU”) resulted from the unitization of the Barron Flats Shannon oil field discovered by Chesapeake
Energy and CNOOC. As the oil field lacked sufficient natural drive, Chesapeake engineered a natural gas miscible flood scheme
to enhance the oil production and the ultimate oil recovery (5%, increase to 30% of the OOIP)
• Natural Gas injection with a Condensate and LPG (Propane) bullet commenced December 2019 at a maximum rate of 3.4
MMCF/d. Currently c. 750 MMCF has been injected
• Oil production is currently c. 1,400 bbl./d (gross)
• BFU Simulated plateau production is c. 5,000 bbl./d (page 16) as per the Ryder Scott Report (October 1, 2020)
• COPL re-simulated BFU plateau production (January 2021): 7,000 bbl./d at 10 MMCF/d gas injection rate (page 17)
• Current operating net-backs are c. $44.50/bbl. which is inclusive of cost of gas and propane purchase (Note: as production
increases operating net backs will increase as a large proportion of the operating costs are fixed, purchased gas injection rates
will plateau in Q2 2021 then constant thereafter)
• New infrastructure and direct access to pipeline in the “oil friendly State of Wyoming”
• No legacy abandonment or reclamation liabilities
• ESG Compatible “State of the Art” environmentally responsible facilities
• Zero gas flaring (all produced associated gas is reinjected under the miscible scheme)
• Minimal Methane Emissions as the miscible gas injection system is pressurized and sealed
• Electricity is sourced from an adjacent wind farm

• Net Asset Valuation: (80% P2 Reserves of $185 million (10% NPV)) at $39/bbl. WTI
• $148 million
• initial debt: $41 million
• Assumed market capitalization post completion: $109 million (£75 million)
• COPL will also own 100% of key infrastructure assets via Pipeco (owner of the pipelines). U.S. producers with strong
infrastructure assets trade at a premium valuation (additional unrealized value of $10 million)
• Approximate Increase in Net Asset Value from 60% Increase in Oil Price
• Net Asset Valuation: (80% P2 Reserves of $308 million (10% NPV)) at c. $62/bbl. WTI
• $246 million
• Initial Debt: $41 million
• Assumed market capitalization post completion: $205 million (£146 million)
• Current Market Cap:
• Issued: £32 million
• Fully Diluted: £43 million

A Game Changing Acquisition for COPL cont.
5
• The Operated oil fields are new (Young) oil producing assets, at the beginning of their 40+ year life, current
inclining production (see page 16) growth from gas/propane miscible flood implemented as a secondary recovery
scheme shortly after the delineation/development
• Barron Flats Unit (57.7% WI): Miscible Flood commenced December 2019. Production increased from c. 200
bbl./d to c. 1,400 bbl./d (2017 to Sept 2020) with a forecast 2P production rate plateau of 5,000 bbl./d (page
16) in 2022 (Ryder Scott Report).
• COPL re-simulated BFU plateau production (January 2021): 7,000 bbl./d at 10 MMCF/d gas injection
rate (page 17)
• Cole Creek Unit (66.7% WI): Field Limits defined by drilling, Miscible Flood to be commenced upon plateau of
Barron Flats Unit production. Forecast production rate plateau of c. 3,500 bbl./d under the 2P reserves case
(Ryder Scott Report) in 2026.
• New infrastructure and direct access to pipeline in the “oil friendly State of Wyoming”
• No legacy abandonment or reclamation liabilities
• ESG Compatible “State of the Art” environmentally responsible facilities
• Zero gas flaring (all produced associated gas is reinjected under the miscible scheme)
• Minimal Methane Emissions as the miscible gas injection system is pressurized and sealed
• Electricity is sourced from an adjacent wind farm
• COPL will emerge from this as a producing oil and gas company, with rapid production growth in addition to
its substantial upside in its Nigerian offshore appraisal/development project

jst came out on BBG as a presentation
Atomic: A Game Changing Acquisition for COPL
4
• COPL’s acquisition of Atomic Oil and Gas LLC (“Atomic”) is a result of the challenging Covid-19 environment and
the drop in oil prices during 2020. COPL will close the acquisition on March 15, 2021.
• COPL has secured a $65 million Credit Facility from a large US Credit Fund to finance the purchase.
• The terms of the acquisition were negotiated at WTI $39/bbl.., Current WTI price of c. $62/bbl.
• The metrics are as follows:
• Consideration: Total-$54 million: consisting of $50 million cash and $4 million in shares
• COPL has advanced $9 million to Atomic, at closing $41 m cash payable + $4 m shares
• 31.1 mm Barrels of Oil Equivalent (“BOE”) (24.7 mm BOE net of Royalties) of Proved+Probable (“2P”)
Reserves net to COPL (see page 15), as per the Ryder Scott NI 51-101 Reserve Report dated October 1,
2020 (the “Ryder Scott Report”)
• Two Operated Oil Fields: the Barron Flats Unit (57.7% WI) and the Cole Creek Unit (66.7% WI) in the State
of Wyoming USA
• High NPV asset at a price well below traditional metrics
• NPV (10%) @ 2020 WTI base of $39.00: Proved(P1): $101.5 million; Proved + Probable(P2): $185
million (Ryder Scott Report)
• ROI: 58.3%; $2.18/bbl. acquisition cost on P2 reserves verses a value of $7.52/bbl. at NPV (10%) @
$39/bbl. WTI

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Ill be here how ever long it takes, 32-35 p price target - lets see

Hi Hi i missed you

nicely today - bids up now, good volume trading on the offer
more to come hopefully

It will be down 15pct tomorrow

it means nothing this 0.40 ... before 8am market makers put their quotes up.
7.40 am only one market maker has a two way up pf 0.36 -0.435 so it reads a mid of 0.4 it means nothing at 7.50 am to 8am other market makers put their prices up .. this pre market higher is nothing

and so do I mate

my bday 16 aug.. last 2 years had very bad news on my stocks on my bday... i feel 16aug this year will be a good one

Good luck peeps

would love to get excited but been here too many times before !

0.005 .,. maths never been my strong point

trades in 0.05 increments, and was tiny trades at 0.015

this stock runs on 4 auctions a day.. doesn't run a 12.00 auction

0.75 a large position

PRESS RELEASE: @DRMKBaru Makes case for more alternative financing of JV obligations..

DX Group PLC said Wednesday GCM Partners II LP increased its holding in the company to 35.6%.