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I can't believe UK doesn't feature I'm that list. North Sea??
IF COPL WAS A COUNTRY THEN IT'S 1 BILLION OIL DISCOVERY WOULD PUT ITS OIL RESERVES IN AT WHAT NUMBER?
out of 98 Nations with significant oil reserves COPL would be at number 41.
source :
https://www.worldometers.info/oil/oil-reserves-by-country/
I’ve not saw a post from Tedoby for a while
EOM, quite impressive is our find when you look at that list, considering it’s conservative and only covered 80% of our lease, very good.
IF COPL WAS A COUNTRY THEN IT'S 1 BILLION OIL DISCOVERY WOULD PUT ITS OIL RESERVES IN AT WHAT NUMBER?
out of 98 Nations with significant oil reserves COPL would be at number 41.
source :
https://www.worldometers.info/oil/oil-reserves-by-country/
And I say "rubber stamp" because we all know how much the US wants home-based oil firms ramping up production.
"Cue a fall in SP then."
Why, other than you being the self-proclaimed Jonah of COPL?
It seems to me that Friday's drop was due to those traders foolish enough to think a Ryder Scott confirmation of our resources would act as the catalyst for a rerate. Hopefully, now we've got rid of them, this should be the bottom. We now just need news about an RBL, and for the federal authorities to rubber stamp (I believe the hearing is in mid September) the flaring we need to do to start getting the production figures up before we can fix the infrastructure properly.
He’s right, big difference between reserves and resource, oip.
We will know more about how much will be reserves soon enough though! And then we really will be smiling I’m sure.
We need to drill.
Very appropriately named.
The last RNA mentioning our reserves was the CUDA Acquisition on 26th July:
· Increases COPL's 2P reserves by 47% from 25.8 million (COPL December 31, 2021 NI-51-101 Reserves) to 38.2 million barrels
The most recent RNA, the one entitled "RESOURCE report" referencing nearly one billion barrels are not reserves.
If you do are not sure on the difference between resource and reserve is in oil I would suggest doing some research on the subject, it is extremely important that an investor in O&G understands the difference between the two.
We will move up on refinancing, cuda and RS report. All have pushed us down on fine nothing. Bag of ****.
Which rns have you read??? Wise old fool...
Rather appropriately name....
Which rns have you read???
Will move up once we start drilling.
COPL don't have 1 billion barrels of oil reserves they have 38 million barrels.
Shaa
Thanks for the link. I wondered if the image on the page was a recent one provided by copl.
If it is could that be a drilling rig being put in position?
Well spotted Shaa,
Our day will come my friend.
GLA
Well spotted Shouston.
I'll stick to Earl of AIM, although COPL has attracted me to invest due to its huge oil discovery which is independently verified.
yes I do invest in AIM market, however I do like small caps outside of AIM be it in Main Market.
lol.....
IF COPL WAS A COUNTRY THEN IT'S 1 BILLION OIL DISCOVERY WOULD PUT ITS OIL RESERVES IN AT WHAT NUMBER?
out of 98 Nations with significant oil reserves COPL would be at number 41.
source :
https://www.worldometers.info/oil/oil-reserves-by-country/
IF COPL WAS A COUNTRY THEN IT'S 1 BILLION OIL DISCOVERY WOULD PUT ITS OIL RESERVES IN AT WHAT NUMBER?
clue Saudi and Venezuela tops the list followed by Canada, Iran and Iraq.
this sort of discovery is rare in this day and age, around 1 Billion barrels of oil is like what the Saudi'a, Qatari, UAE, Iraq, Iran has,
not Many North Americans, South American and European discovered 1 Billion barrels in the recent times.
this is mega Middle East type of discovery which has independently verified.
more to come, £40M Mcap is a bargain,
Look at 88E Energy and it's Mcap!!!
get ready for COPL to rise significantly higher than today's SP
Thanks Shaa for posting actual link to data, it means a lot more than words.
Earl, I think you ate slightly outside your jurisdiction, as this is main market. Perhaps a name change to Lord MM is overdue...
GLA
Certainly is spreading, World Oil a recognised media outlet.
https://www.google.co.uk/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&ved=2ahUKEwj87OvQ_7T5AhUIXMAKHXEHC6sQvOMEKAB6BAg0EAE&url=https%3A%2F%2Fworldoil.com%2Fnews%2F2022%2F8%2F5%2Fcanadian-overseas-petroleum-confirms-993-million-barrel-oil-discovery-in-wyoming%2F&usg=AOvVaw3m5ABumofutCj8eqn45tVb
this will be huge,
News of 993M of barrels spreading in North America
get ready next week or two, COPL should get a big oil player to invest.
GLA and Dyor