Member Info for SteveV

So we can expect COPL to extract a lot more oil as as the high pressure upgrade allows more gas to be pumped in.

Gonna need quite a bit more gas.! Then of course developing the Fed deep will require even more.

Currently we use Butane which is $471 per tonne right now.

What we need is JV partner that has a load of surplus CO2 !

I think COPL will over the next few months do all the upgrades and stabilise a profitable flow of oil reducing the need for more dilution.

Exxon, YES definitely them, will come in as a JV partner utilising CO2 injection to stimulate the Fed deep direct to secondary recovery and see how much oil THAT gets out of the ground.

Depending on that outcome a full takeover.

We are going to be rich or poor...It's been emotional...Good luck everyone.

The USA are currently offering companies huge subsidies to capture carbon and store it.

Exxon are extracting huge quantities of CO2 in Wyoming but are lacking storage.

COPL need large quantities of gas to extract the full potential of oil from their reservoirs.

I mean....anyone really think the JV won't happen.?

I do think we have hit the low and are approaching a pivot point such that now is a good opportunity to be buying. Just have the feeling news flows are going to get very positive from now.

Hindsight is easy, but no doubt all LTH's would love to have started their investment at THIS point in time with the sp in the 4's rather than much higher.

I have been topping up as I can afford but still well down. However I think I will buy more as funds become available.

I do think a JV or takeout will happen.

Possibly both parties waiting on a successful outcome of all the remedial works, hp pipework, waxing issues, and recompletion works. Art want to get the best price, JV wants to make sure the fields aren't duds.

I really don't know why the JV partner is messing around with "complex" negotiations. Just Buy COPL outright. Make a sensible offer, COPL suspends share dealing and puts offer to the shareholders.

What's stopping them?

Did not someone post here after the SAS chat with Arthur and say that Arthur had said the JV partner "want the lot"

Anyone care to speculate where production might be at at the the end of the year if

all the remedial works are effective?

They never announce big news at the AGM. Just get the solutions past and have a bit chat about how things are going.

I do think this is going to be a big year for COPL.

As long as we can avoid EVEN more dilution, it may also be a big year for shareholders. !!!!

I think, because of the advancement of oil extracting technologies over the last 30 years, hitherto forgotten territories are now being seen as HIGHLY desirable prospects.

In the past you drilled a hole in the ground and if you were very lucky, oils poured out of the ground. If it didn't you abandoned the location and moved on.

Now the science of oil in the ground discoveries has moved on. More of a case of "there is definitely oil down there, but it's a lot more tricky to extract, AND how do we best get it out.?"

Exxon abandoned the COPL owned fields many, many years ago.

BUT they, or someone like them with the resources to make it happen are now are hoping to come back for more. !!

Could be a good year for COPL !!!

If the interested party "want the lot" and the Proposed JV negotiations are "hugely complicated"

you might think it would be a no brainer for them to prefer a full takeover. (then it's NOT complicated , and they got the lot. )

I do think the JV is key to our success otherwise we may carry on limping along, no doubt more fundraising at the cost of shareholders until we finally achieve cash flow positive.

A JV announcement would be transformative. Not just the influx of new investment and resources BUT the validation that what we have is commercially desirable to a major operator.

Why is it taking so long, what is holding it up, what sort of deal are we going to get offered, is it definitely going to happen??? Too many questions as the SP slides further.

Yep, the trend would seem to be favouring us. Low cost, on shore....

And also, how much EVEN LESS emissions if one uses captured CO2 to extract the oil then bury the CO2 underground.

What you need is a company with a load of oil underground that has geology that is conducive to carbon capture storage.

Hmmmm. Nice.

OK Zooropa, then tell us your plan. You clearly have an interest here.

You think COPL is worth investing at 1p and that is what you will do when it gets there. ?

can't believe that post currently has 4 rec's !

the disingenuous posts are the worst whereby the poster would love buy in cheaper.

so, you are waiting for sub 1p. then what you gonna do ? buy at £4million market cap and start ramping.?

you **** the company off but are actually looking to buy in cheap. ? feeble, morally repugnant, self serving posting.

You sometimes have to be careful what you wish for.

Getting rid of the board might sound like a good idea to some.

I think a new management team would have little regard for losses of shareholders prior to them taking charge.

They would probably do a strategic revue and conclude COPL is way undercapitalised and saddled with debt, and so do a massive debt right off/ financial restructuring diluting existing shareholders to almost nothing.

I remember it very well at GKP. And they had shedloads of oil. !!

Hey Brel, That is what Kathy told me to re: 1000:1

But it does sound a bit lame.

If COPL had said something along the lines of..." Our medium term plans are to list on a US market to attract US investors. We plan to change our name to align with that and the fact that all our operations are based in US. To list there and attract US investors we will need to consolidate the current SP up to a maximum of 100:1.."

I think a lot of us would be congratulating COPL .

But we are being asked to vote for consolidation at 1000:1 .........to deter shorters and traders !!!!!

We know COPL is high risk.

It is going to fly or die. Take your choice and stop moaning.

"....Discussions with a large oil company who approached the Company regarding the exploitation of its Frontier oil resources are continuing with current focus on commercial terms. These discussions, as well as the identity of the party involved, will remain confidential until their disclosure is appropriate by agreement. Substantial additional technical evaluation has been undertaken during this period, which has led to a better understanding, and increased confidence, of this resource...."

".......And unless I’m missing something critical, the market will wake up with a jolt......"