Canadian Overseas Petrol... Share Discussion Threads

[danessex] 09/9/2021 10:48

Talking of bed wetters boy does your mum gush LOLLL

[phurley] 09/9/2021 10:42

How low will this go? The decline has been incessant

[billthebank] 09/9/2021 08:56

No idea what he is saying as on filter but really guys don't waste your time talking to G. Hold and wait. Our time will come.Now valued at £50M we paid £54M for ATOMIC alone when POO was $39

[bronislav] 09/9/2021 08:39

Absoltely hiarious.Chinese?

[danessex] 09/9/2021 08:39

Yes I was looking forward to popping round ya mums

[gheorghedufiend] 09/9/2021 08:08

down another 2.3% to 0.3175

Bellend EgeIn was rampoing these in the 0.40s


listening to EdgeIn will cost you $$$$$


ABSOLTELY HIARIOUS

[danessex] 08/9/2021 21:43

Bring on tomorrow

[bill hickman] 08/9/2021 16:28

We have another day of selling unfortunately, which makes no sense from all we do know at this stage. So unless something unpleasant lurking that we don't know about then the market will correct at some stage in the coming weeks I'm quite sure.

Buy well still cheap !

[demark] 08/9/2021 14:55

you can get 25m @0.3189p
for £79,728 via on-line
with ig!!!!

sellers or early
flippers in the market!!!

[demark] 08/9/2021 14:13

copl acquired an
income generating
asset for $54m,

the share price is now below
0.32p!!!!

[phurley] 08/9/2021 12:58

Ive had these since the drilling disaster of a few years ago - its been constant dilution from 10p

[cnoordz] 08/9/2021 12:03

Why would they need a capital raise at present?

[phurley] 08/9/2021 11:49

Come on Arthur, dont let us down. Lets get this share price up without a capital raise

[gheorghedufiend] 08/9/2021 10:23

Now down over 25% since EdeIn started ramping it

listening to EdgeIn will cost you money BWAHAHAHA

[cnoordz] 07/9/2021 19:45

Gross production around 2.7k bpd, set to rise to 7k bpd in 1.5yrs with little capex required and we're presently around 40% of NAV. All this in a stable, republican jurisdiction. Atomic was a steal. What's not to like? Bullish.

[bill hickman] 07/9/2021 17:53

Shareholders will not need any reminder of this from the 1st September results and operations update !

How can anyone find anything in that to justify in any way the fall in the share price since the announcement. A strong and positive update as good if not better than had been expected. Market correction will happen, just a case of how soon IMO.

Canadian Overseas Petroleum
Reports Q2 2021 Results and Operations Update
London, United Kingdom; Calgary, Canada: September 1, 2021 – Canadian Overseas Petroleum Limited (“COPL” or the “Company”;) (XOP: CSE) & (COPL: LSE), an international oil and gas exploration, production and development company with production and development operations focused in Converse County, Wyoming, USA, announces its results as at and for the three months ending June 30, 2021 and operations update as of August 31, 2021.
Operating Highlights at August 31, 2021 from the August 17, 2021 Update
• COPL’s Wyoming assets continue to perform significantly ahead of expectation o Current Oil Production at August 31st is 2,720 bbl./d (gross), 1,604 bbl./d (net) a 24% increase from the operations update on August 17th, and an increase of 123% from 1,220bbl/d (gross), 706 bbl./d (net) at
April 1st
o Successful recompletion of the 3rd marginal/shut-in oil well of 12 at
Cole Creek
o Oil discovery at the 100% working interest Barron Flats Federal Unit
(Deep) exploratory well expected to open new field developments. Six (6) oil bearing sands totalling 246’ (net porous sand)/282’ (gross sand) intersected. Production casing is currently being set to total depth of 9,220’.
• Strong outlook for COPL year end
o Oil production at the Barron Flats Shannon Unit will continue to
increase due to strong gas injection response
o Oil production at the Cole Creek Unit will continue to increase through
the recompletion of marginal and shut-in wells
o Barron Flats Federal (Deep) 100% oil discovery to be tested through
casing. The testing program will lead to initial production and define a further exploration/appraisal and an exploitation strategy for the targeted reservoirs
• Reviewing other value enhancing asset acquisitions in Wyoming
Arthur Millholland, President & CEO, commented:
“Our Wyoming assets continue to perform well beyond our initial expectations as I indicated in the August 17th operating update. Crude oil production has increased
3200, 715-5th Avenue SW Calgary, Alberta, Canada T2P 2X6
WWW.CANOVERSEAS.COM
+1.403.262.5441 P
Page 1
@COPLinvestor +1.403.263.3251 F
123% from April 1st, and continues to increase weekly. In fact, crude oil production has increased by 24% from our last update just two weeks ago. The increase in crude oil production is due to the ongoing enhanced gas injection program, commencing on April 1st. As such, oil production will continue to increase as the surface well site production facilities are enhanced to handle the increased oil production rates and associated higher working pressures.
“We are excited about our 100% owned Barron Flats Federal (Deep) oil discovery announced today. Our next task is to test all six of the sand intervals through casing over the next several weeks. This well is a testament to our team which identified substantial upside below the Barron Flats Shannon Unit, further demonstrating the value of the Atomic acquisition to COPL. The Company’s enviable block of leasehold as well as its production facilities will allow for additional significant oil production growth. Associated gas production from these reservoirs will be utilized in our miscible operations thus continuing with the Company’s net zero gas flaring production operations.”
“With the oil price and our assets performing well ahead of expectation, the company is in a very good position for the short, medium and long term. We continue to review other value enhancing potential acquisitions in Wyoming as we look to build a material exploration and production company.”
Financial Highlights: Q2 2021 to June 30, 2021
The Wyoming assets contributed oil sales revenue of $3.9 million to June 30 since closing the Atomic Acquisition on March 16th. COPL’s realized Operating Netback during the second quarter was $30.62/bbl. on average production of 796 bbl./d (net) for the period. Revenue consists of petroleum sales of $0.5 million and $3.4 million for the first and second quarters of 2021, respectively offset by $0.2 million of realized loss on crude commodity derivative contracts incurred in second quarter of 2021. US related operating costs, production taxes, depletion, depreciation and amortization, and general and administrative expenses total $0.4 million and $2.8 million incurred in the first and second quarter of 2021, respectively.

[phurley] 07/9/2021 16:32

Sorry, it was 5 million at the time, not 50 million. Fat fingers. Honest apology.

[sportbilly1976] 07/9/2021 16:27

5-6mln is 0.349 and 7mln now is 0.3954

definitely looks as though the supply of loose stock is drying up

[bill hickman] 07/9/2021 16:06

He just made it up I expect. I had a quick look at his recent posts on COPL and they are all of the same amateurish negative tone and none based on anything related to the fundamentals or performance of the company.

In my opinion fits into the troll category.