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Did none of you who, based on nothing but conjecture, are proffering opinions on why the RS report hasn’t been released watch the investor presentation?
Thanks LargeGin .... not for the you tube but for reminding how hot Katie P is :)
Oiler87 - You went from”It’s my guess” to “It’s clear” in the space of a post, COPL and RS disagree. So what is it they disagree on, exactly?
Or could it be that, as I’ve stated before. All legitimate investors are aware of the real reason. You however are “clearly guessing “?
didnt somoen one post a few days ago that the Canadian rules allowed reserve estimates but not resources to be included in the RS report.
Sorry I can't remember exact wording or if it was here or twitter, but it seemed quite a plausible reason for why the RS report was not released to the market yet
Yup I recall him being very clear on this twice…
Art did say Ryder Scott found things (positives) we missed.
Pure conjecture, perhaps the report identified even more oil outside of our boundaries and we are busy buying up those licenses too.
Or just due diligence takes longer than you thought.
Possibility - yes
Likely - absolutely not
This is a professional engineering project led by professionals. The data bell curve would allow for all sorts of possibilities positive negative - looking at both end of that spectrum to suggest something is likely when it is unlikely is a misrepresentation of the probability.
Onwards and upwards
So is it a possibility Art fell off his chair, made his statements and is now trying to up the reserves estimate as the independent review is somewhat below Art's original statements.
“Given that a draft copy was received several weeks ago its clear copl and RS disagree”
More drivel.
True , we have either got a near 2Billion resource
Or 500 Million Barrels ???
How much is recoverable, will unlock the value over what length of time and at what cost ?
The bigger the field the more attractive Copl becomes to a Major Player!!!!!
GLA LTH plenty of interest in Wyoming currently
Yes guys - the findings of the report revealed that in fact the site is underlain by what can only be described as jelly beans
?????
Oiler considering Art has already said Rs found something additional that was not negative I think w e are going to see an uptick in numbers…
I think Art has delayed it until the Ryder Scott team have double checked the depths of the find and measured it across the entire field , there’s a lot of acreage down Dip of the discovery well
GLA LTH well that’s my guess , it’s probably bigger than we were led to believe, imo !!!
Oiler my take is simply Art wants everything signed in blood before the RS report is issued.
Although it should not be an issue there may be a spanner in the works if RS actually increase our internal estimate.
I’m sure it’s not related to any disagreement rather some details or additional information expected to be included in the report. In my opinion COPL requested data that might have positive impact on the refinance terms
O87 That is a little uncharitable - nobody (well a small few) knows why it has been delayed, so until there is some guide comments would be best to remain neutral i.e. we don't know. Granted it could be as you suggest but it could be a lot of other things including increased estimates. We don't know until we know :-) Sit tight tight and don't make stuff up...
Onwards and upwards
Hi All .New to the board but invested. Can i ask is the reserves report delayed ??. If so what is the reason?.
Thanks for any information.
On our new discovery, many an oil explorers only dream of such a find and many go out of business trying.
If you are in procession of COPL shares, all you have to do is sit tight for things to fall into place.
Posted on here is that COPL have to develop the deep discovery for any value to be priced in.
So what we are saying on that basis is any discovery is priced at nil till fully appraised….
Absolute nonsense any discovery of this magnitude when independently verified will send this to the moon…
Yes we will get full value in time when the field is fully delianated but there is massive upside here just around the corner…tick tick.