Reduced my holding and off to Portugal for a while. This boards a mess to participate in and i am sure i can buy a chunk back at a decent price as its going nowhere for a month or so.If i miss the boat so be it.
RE: $100 billion dollar worth of oil discovered!!!5 Aug 2022 17:33
Stop pretending and defending please. There is no legitimate reason for this share to be down 4% on that confirmation.No reason when it stood above 20p on no news.Total **** show I'm afraid. See what Monday brings.
3% down we must be the laughing stock of the MMarket. I don't buy the warrants are to blame theory. Corrupted trading more on the money. No wonder people will bail on next serious rise.
Compiled by consultancy Ryder Scott, the document confirms the deep discovery has total original oil in place of 993.5mln barrels.
In doing so it also ratifies the company’s internal assessment of the potential of the discovery it shared with the market in January.
COPL pointed out that the estimates complied with Canada’s National Instrument 51-101 reporting standards and thus were naturally conservative.
Digging into the report, it highlights the potential for 118 horizontal wells across the acreage in Converse and Natrona counties, in the US state of Wyoming.
COPL said it now plans to sink three horizontal wells at three locations as part of the 2022-23 drilling campaign that kicks off in the fourth quarter.
CEO Millholland told investors: "This independent report validates what we announced at the start of the year and highlights the significant potential of our fantastic Wyoming asset.
“Compiled to Canadian regulatory standards, the report gives a conservative view, and we expect to see further exploration upside in due course once our drilling program gets underway in the coming months.
“Following on from the recent financing and completion of the Cuda Energy acquisition, this report is another step forward as we transform into an oil producer of scale.
Two years ago this share shot to 0.58 equivalent from 0.17 ish Biggest mistake of my trading years was not top slicing the peak.Watched it sink back.Not doing that again:)))) This news should smash that rise
ShoreCan and Essar Mauritius Resolve Dispute Tue, 4th Aug 2020 14:29
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