Member Info for wwal17

Damp “squid” indeed or cod if you prefer.

Beware of the RNA spreadbetters.

Also August increased production could land any day.

Well done on the cheap top ups this morning, a gift.

On a different note, will be interesting to see how the steel pipe shortage plays out, I hope COPL will consider newer technologies as an alternative, the use of plastic pipe, especially if it can move us on quicker, it’s good to have options.

https://www.thermofisher.com/blog/materials/the-use-of-plastic-pipe-in-the-mining-and-oil-and-gas-industries/

I’ve no experience in spreadbetting, i understand “the odds” are far greater on a short, would I be correct in thinking that if the sp was to increase sharply, they would lose out heavily?

“5 percent of spreadbetters are now shorting the stock. Thats the highest its been since ive been a shareholder.”

Where is this info from please?

As I said, in Art I trust. Commiserations to the 80k seller who wanted to get back in cheaper tomorrow x

No mix up MD, just my stab at humour. Believe me, I have been frustrated plenty but now is the time to be excited, these niggles will be sorted, the beast is just awakening, I’m following Arts positive lead, it’s far greater for your mental health, trust me!

Sounds like Stas just wants a cheaper top up ha! Meanwhile Wax issues are being cleared out and higher production is on the way.

That dreaded P word….. Patience!

So objections to flaring are quite rare apparently, great!
In this case, the objection was dismissed.
https://jpt.spe.org/texas-regulators-say-yes-flaring-over-pipeline-companys-objections

Will a Wyoming court really want to risk the shut in of wells, jeopardising jobs and the local economy? I don’t think so, not when there are millions of tax dollars to be made off the biggest discovery in decades.

Storm in a tea cup, chill your engines.

“It's vital we get this flaring”

Any oilers know if there are alternatives for flaring?

In my view, the landowner just wants a back hander, Art is the deal maker king remember, I have every confidence he will sort.

Maybe somebody can email and ask Cathy, I’m hit n miss with responses from her.

Nothing that Mrs Millhollands home made apple pie can’t sort.

Haha Stu are you that guy banging on the bakery window?

“Parkerton Ranch is the surface owner of a majority of the subject lands.”

“Waste will be created” they’re saying southwestern can’t guarantee all gas flared will be COPLs gas used in the mf.

Over to the expert lawyers.

Ironside thinks we should be currently valued at 33p, that’s progress. With respect, I’ll take the CEOs value as a truer reflection but hey my cup is half full.

Thanks ironside, glad we can all agree, COPL is currently significantly undervalued.

I thought that would be your response. Ok so you didn’t say we’re worth 44m, but you do state we’re worth less that a 50p market cap.

Tell us, what value do you put on COPL at this present time, considering our current assets and debt?

“The 50p was based on the reserves, you then need to adjust for debt, cashflow etc.

50p would be overpriced based on the information available at this time.”

Please…show us your calculations that reflect this company being fair value at 44m.

“just wish the numpties who post " 18p by the end of the day, into the 20's by next week " etc, would think a bit more before they post.
No body knows what the sp will be in the future”

Normally I’d agree with such a comment but when the ceo genuinely thinks we should be 50p +, his opinion should carry more weight, especially after him putting his money where his mouth is.

There’s no doubt the debt has been expensive but it has been necessary to get us to where we are. Most of the debt as Art has already explained was borrowed at a time when oil prices were on the floor, you could argue we were lucky to raise any funding.

You either accept it or move on as there’s no going back now, $65 million borrowed, asset now worth many multiples of that figure.

Let’s see August and September production numbers, upwards trajectory from here. Sit tight, buy in and watch your investment grow or close your spreadbet or short and move on.