Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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lol Shouston is coplhuddler now accepting an estimate of 153,000 barrels of oil, lol but lets be clear he hasn't got a clue what he is on about, detailed results or the potential of COPL is not on google so he just can't know.
Parties is what you get invited to.
When was your last invite...
You two are trying really hard tonight, but failing miserably.
Chillax, look forward to another wedgie in the morning.
Chin chin...
Coplover,
I will take your estimate of 153,000 barrels of oil.
A day.
Any day...
Are you starting to ramp this now you cheeky scoundrel...
Again no need to reply..
lot of green boxes on this thread, I wonder what rubbish they are trying to convince others of, or as is most likely denying the fact of the numbers themselves. They do not lie and are in fact only recounting what the company stated, there is a range, some may come in lower some maybe higher, not all wells will ever be drilled on our budget but what cannot be denied is the huge value that could be in our lands.
Just a quick and dirty calc, what would dreamland look like with full development of 150 horizontals = over $1Billion capex at average $7m per well.
That then would provides 150k to 450k bopd production
450k bopd at $80/b
Lifting costs c $25/b
With low 12.5% Federal tax rate, low 12% Wyoming royalty, severance tax etc"
Is that 150 wells X $7,000,000 a well = $1,050,000,000 CAPEX - however if that gives 450,000 bopd
@ $80 dollar oil - $25 dollar lifting = $55 - 25% (federal tax and royalty) = $41.25 net
450,000 X $41.25 = $18,562,500 per day net - or to put this as plain as day.
$1,050,000,000 / $18,562,500 = 56.56 days
Ok, Its just to get an idea of the value of the field, its so valuable that the whole capex could be paid back in 57 days of net production were they all online at the same time and producing at the top end to give a total yearly profit of $6.7billion
Now of course one can't just drill 150 wells and as some come on board maybe others will be in decline and some may only make 800 bopd but some may make 4000 bopd, all this is needing to show is just the sheer scale of the potential is, its truly mind blowing for a company of this size and all the trolls in the world cannot take that away from the facts, but certainly gives an understanding why most of them are here.
Bottom line really is the larger you are with the deeper the pockets the faster and greater the value can be obtained from this field, thus why I think we will eventually be taken over, either that or Arts is thinking of spending his dying days with the sound of the drill turning.
Lol. Just the boring rambles.
Well you jolly well should.
Back in the bin with ya
thks Tiburn great detailed post, and just for iref coplhodler is a frequent poster who has learnt how to google !
His depth of understanding has been called to question a few times, but sadly his self confessed arrogance doesnt allow him to accept other more accurate opinions. He was involved in a bicycle accident recently and is on medication (hence the ramblings) and im sure he is on the mend although the self importance and egotistical trait does appear far to often. Hopefully in the not to distant future his employers will recall him back to work (pizza shop i think he mentioned) which will give him less time here and put him back on track.
pennies to ££££s
toodles
I had forgotten about you CH, just a shot across your bows.
You are confused on delineation wells - shorter laterals and longer lateral full production H wells - these are the 1000 - 3000 bopd as benchmarked and as COPL themselves state may be expected on full exploitation - the range they gave accounts for variability in the thickness of formation in each sq mile, so yes they do expect to produce this scale in time.
They also stated that up to 3 wells per sq mile at 51 sq miles = 153 wells could be in operation on full case.
RNS Jan 10th
"We estimate the Frontier element of the discovery to cover an area of approximately 51 square miles with the capacity of up to three horizontal wells per square mile each initially producing 1,000 - 3,000 barrels per day"
CH
I like to read all posts and don’t bin posters. However, can you please drop the word count on your posts and just say what you’re thinking. Trying to write with an intent of showing some form of mistaken intellectual superiority is totally counterproductive. It alienates people and actually highlights a social immaturity.
Keep writing by all means, but make people want to read it. Simples.
CH
"Take a look at a seismic buddy. Geology has no time for equally distribution "
Please can you provide a source link for seismic of the COPL leasehold as im sure many are interested - you have obviously seen it and able to judge formation thickness by area to discount the bopd estimates ranges.
Whilst we wait.....
The company has confirmed the following, presentation slide 23
Reservoir parameters included area = 50,700 acres;
average net pay = 70 feet across the reservoir
• OIP calculations = 1.7 billion barrels of oil
• Primary recovery = 8-10% - 136 to 170 mmbbls of oil recoverable
• Secondary recovery = 40% - 680 million barrels of oil
Did one of the trolls get banned or are they just creating more firepower, its like the Matrix here, just how many Mr. Smiths are needed.
What a mess this website has become, other than the removal of swearing, its pretty much now just open day and little different to ADVFN.
I know I’ll. rear a new account and call my self tru jack. Absolute dingle berry.
Now jumped to 10 % up on Google
Are we having another go
51 sq miles in total asset
Expect production can be, per 1 mile = 1000 bopd - 3000 bopd per well
Possible to fit 3 wells per square mile, so (1000 X 3 and 3000 X 3) = 3000 bopd - 9000 bopd per sq mile
With 51 square miles =
51 X 3000 = 153,000 bopd
51 X 9000 = 459,000 bopd
so a range if fully drilled of between 153k bopd - 459k bopd - no matter how long it takes, RBL and production will be enablers - All in the good ol' US of A - never get anywhere near there, Esso, Chevron take ya pick!