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The oil is there,,, hence conversion's and other raises at these levels. Daylight robbery
COPL currently estimates the total reservoir volume of the discovery to be 1.5 billion to 1.9 billion Bbl. of Oil in Place ("OIP"), of which 1.275 billion to 1.64 billion Bbl. of OIP underlays COPL lands
Ryder Scott dated July 29, 2022 confirming its deep oil discovery (the "Discovery") on its affiliate COPL America Inc's lands in Converse and Natrona counties, Wyoming.
Confirms the Wyoming deep discovery has total Original Oil in Place of 993.5 million barrels
-- It is independent verification of the oil Discovery announced in January 2022
-- These are conservative estimates complying with Canadian standards
Tbh, I bailed out here at 0.95p, ave was 10.5p. They have now set the marker at 0.015p and who would have believed from 19p a year ago...it would not surprise me if this now 20 bagged from here!. Unbelievable but wouldn't shock me.
You never know,, will he pull it off ?.... When you look at some of the stories on the market lately anything can happen. Look at Hzm ! Who could of wrote that one!.
Good luck all...
Played a blinder here...it's wrong and a lot of PI's have been forced & stopped out from huge levels. However IMO around 27% of the share register was held by PI's , that is now around 11% with someone or ones taking around 16% on their books. I fully expect 25p soon.
An updated holdings list will reveal the direction here. If the cornerstones have been mopping up the recent tens of millions of sales / or there's a new player in town buying,, then it's game on. Someone has bought them though and it's not PI's?.
I attempted to provide LT advice last year when this was trading at 1.2p, I advised selling and buying back triple the amount.of shares. He should have listened . I explained this was going to fall to around 0.35/0.4p. I wanted 0.25p however that will not arrive I admit. I now hold and will wait.