Member Info for wookieemonster

Sorry, messaged a bit jumbled, a touch groggy haha

MEM we have a field life if 40 years starting now, so I imagine the gradual upscaling to substantial. Art seems more humbly confident that we will begin to see sp value reflected incrementally as we build up our production capabilities , the ducks as they say are much more lined up now as they say :)

We are only at the very early stages of exploiting our reserves and that’s quite exciting now we are really getting stuck in to doing what Art does best. Creating a serious oil company.

Thanks And to you Drago :) retirement sounds good, not sure I’ll have enough for it just just but hopefully contribute all going well, I’m sure Arthur will be thinking about such things as well over the next few years. It’s sure nice to end the year on a high here and some positive discussions back on the forum :)

The quiet ones here see the bigger the picture, the louder ones not so much.

The bigger picture always been very clear and anyone with either experience in setting up a company will know it can take many years to build a profitable company and the risks and hurdles that must be overcome constantly.

The key factor with copl is that is not an explorer, it’s a producer on licenced grounds with both facilities and infrastructure and paths to export already in place.

The issues have been it’s an early stage “field” at the beginning of its cycle. And nowhere near its optimum capacity for production.

The costs, for growth, as we know are substantial as are both the equipment and labour needs moving forward. This takes meticulous and strategic planning.

It’s always been about production for me as I’ve always seen COPL as a self funding growth model. We have the ability to do that. A JV & or an RBL would help us fast track development that would obviously take us longer to access.

Considering the huge discovery and inevitable timeframes it makes total sense to partner up with the additional reserves discovered.

Arthur will be in quite a strong position to get a fair deal, and his friendly history with our large and well known oil major will further be of benefit for both parties.

It could genuinely be a very fun and interesting new year for Copl and I for one am looking forward to seeing how it plays out.

Certainly the most optimistic I’ve felt here in 2 years anyway.

Wishing you all the best.

For the benefit of new investors; Asset value not even close to being reflected here yet, traded 25p+ on far less ( I know I keep saying it ) Art calling 50p the floor last couple of weeks on the current low production, bad debt, hedged oil situation!

Weather is going to slow things to a stop at our wells probably for a bit, so except production and drilling to possibly be delayed a little. but the fact is, the current wells are not close to capacity / potential! Meaning, before you know it, we will be pumping more and paying much less out equalling . Without an RBL or JV… that’s a pretty big deal. Oil prices can drop a fair amount and we will still be ok, though looks like being relatively range bound for a while.

A JV on the discovery is a big deal, for both parties. We are seeing some nice little rises and it’s great to see the tide turn. But we are far from being back to previous trading ranges, and indeed anything resembling or reflective of our asset value ( circa 50 - 1.30p )

LTH like myself bought much higher, when we only had Atomic, ( came out of suspension around 60p! Just on that ) we had no discovery and many averaging down as we purchased CUDA and had to sort financial situation which killed the sp and sentiment, and of course the inevitable placings in that time.

Conclusion, we paid for Atomic + Cuda and then made a huge independently verified discovery. Our asset value including gas in the ground = higher mcap than we are now. Sentiment and mistrust have slayed the sp. Conclusion, possibly there has never been a better time to buy here.

Probably the most exciting year to come in 2023 as all the pieces are starting to come together.

Coffee break done. :) have a great day.

Don’t be fooled. Look at our pricing history and paid with our developments. We traded 20-30p on far far less than our current progress. 16p was considered a floor, as was 20, 25, 35…. all the way up to 60p on Atomic though we did ensure some dilution to buy Cuda etc. The company believe at this stage 50p is a low ball valuation reflecting current situation and not including any upside potential. Our current mcap doesn’t even reflect the gas we pumped to extract the oil..

Then consider a multi billion barrel discovery on a JV.

Sorry I’m very excited! Will stop the posts.

Might not have recovered our sp just yet but I’ve recovered my well being and that’s worth more for now. have a fantastic Christmas everyone. Feel much much much better about things now.

Obviously he want alluding Exxon, but with all the coincidences it’s a valid guess based on what they’re doing and what we have, and both our locations.

But of course it might be a slightly smaller major. But to be honest, whoever it may be, if it means we can access the huge reserves along side our other assets.. it’ll be really good. Basically fast track to much higher production figures and generated income to increase our well count etc etc.

Damn that was a good interview!!! Moaned recently about it would be nice to get an update, we got an informative RNS and a great interview! Well I thought so, approached by smaller companies on the rim but the larger ( I note specifically the senior management ladder ) really feels like Exxon now, “I know them they know me” I mean, who’s he had a relationship with in the past… there you go.

For me, being an oilfield guy, that really ticks all the boxes as far as an operational update goes. We get so caught up in our own world we often forget the complexities of engineering & arranging financial solutions. The engineering really interests me and he was talking legitimately about the issues which is comforting.

All the comments around the equipment was just what I wanted to hear regarding reservoir pressures versus topside infrastructure. Gas value in ground of note! A lot of money, compared against our mcap that includes everything!! The Disconnect is real guys.

Yeah, Really happy with that interview paired with the RNS.

RBL ongoing, fair enough. And clearly separating the huge discovery into the hands of a major, and negotiating the terms. That’s huge. Bringing that discovery online, even if we got left with just 15-20% of the production… it’s absolutely monstrous.

Think 2023 might just be the year for COPL, at least the year it went from pennies to pounds!

Thanks again, Art, great updates and hugely appreciated!!

WM

Wasn’t current value here indicated at 0.77 or thereabouts?

Thanks P1 good effort there.

How many seconds have you spent researching to make that assumption?

Great update & great clarification on the positives,

Thanks Art & good luck!

Glad you posted that stas as just checking in and was wondering if the sat image had a time stamp, good stuff.

I maybe it’ll be a big 2023 for us if that’s the case shaa :) fingers crossed!

Our moment.. must be coming.

Looking like the hopes of a different company by EOY has all but slipped away.. well judging by mcap anyway.. but who knows latest production figures and recent negotiations might be company changing, we just haven’t heard about it yet.

Will we ever get out moment! Can but hope.

Good point leew, if we can lift that production over break even things become much less worrying. I’ve always hoped we could fund our own progress by upscaling.

Obviously a JV / RBL all speed up that process. But not “needed” if we get production to its current potential.

Be nice to get a company update before EOY, I’m thinking any big news will be Jan - Feb. If it comes before, and good, then happy days.

He’s in a tough spot with production as it is. If he can ramp production I think they can cover costs and not need a placing ( if indeed waiting for either RBL or JV )

He knows a placing would be a huge cause to laugh in his face and trash the company even more, but he may have no choice if they don’t get production up. His negotiating strength comes from production and self sustaining ability. Then all it is is a question of time. He can go slow and build step by step and self finance making the company bigger and bigger and thus more expensive.

A JV onlooker would know this, do you get in before, or after this.

I think before.

Don’t want that post to be seen as a negative. It’s just the moment.

I don’t believe for one moment Art bought Cuda and atomic and operating at a loss is his end game at all! More he’s looking at the bigger picture of a combined ownership field, with huge upscaling potential. Personally it looks to me like he’s being strategically placing pieces together and being quite clever with his strategy to either build a rapid growth company or very attractive tidy package for an eventual sale.

Don’t believe the current situation is his goal at all. Just my thoughts on current sentiment.

I’m pro this company and hope my faith is well placed.