RE: OPL 226 activity history24 Jun 2020 23:13
'The project will be developed with an existing FPSO and is designed to add up to 50,000 bbls/d and 120 MMcf/d with first oil scheduled for late 2019'.
Therefore, at 5% ownership COPL on a free carry could produce up to 2,500 BOPD and 7 MMcf/d whilst at 15% is 7,500 BOPD and 21MMcf/d, respectively
With potential reserves in excess of 2.5 billion bbls across the formation then a £12.5M MCap is just silly. Gulp.