Investor Presentaiton

• . Deep Discovery Update COPL has been able to secure 50% of the casing required to drill the first two horizontal wells. - There is a current global shortage of oil field tubulars (casing) due to the Ukrainian conflict. Casing prices have increased >50% with all grades in short supply Production tubing prices have increased by >30% COPL's Southwestern Unit has identified a drilling rig to conduct the operation. Contracting the rig will occur once there is certainty around casing supply . The Company has a well plan for drilling and completion operations • The first horizontal well will target the Frontier 2 sand at a location in the Barron Flats Federal (Deep) Unit The second horizontal well will target the Frontier 1 sand at a location in the Barron Flats Federal (Deep) Unit COPL 16

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