Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Wonder if the Investors/traders in the Canadian Market have a better appreciation of the report than the UK?
Its nearly a billion barrels AND as stated in RNS that is only a (large) Proportion of the discovery.
As they use "Conservative" estimates it appears that ART wasn't far off, perhaps a little conservative himself?
Anyway, once Winter sets in and Russia cuts supplies (Oil & Gas) to Europe, our Oil will be in demand.
Personally, as Exxon are a neighbour, could they be interested in a BID for us? Would (US)$15B be ok with everyone?
GLALTH
But what if Gas Prices rises by Predicted 60%-70% in November AND we are selling Gas AND we have sidetracked
then what is your SP predicition?
Should Russia decide to close off Selling to Europe this winter SP could easily reach 8p - 12p
...As a precautionary measure, the Company has worked with its hedge provider to roll a portion of the Q3 2022 hedge into Q1 and Q2 of 2023."
Until we have information we are all 2nd guessing.
My Take is Julys Hedge total is rolled Over, Possibly (Part of) Augusts will be rolled Over.
Notice there is very little mention of Q4/2022 in most communications - why is that?
With Price Hikes due and the start of Winter for Europe, we need to be in a position to deliver
Yes, Thanks Jiddy, enjoyed watching the presentation and then comparing some of the detail to the RNS.
Hopefully AM is correct (or better) re Oil Discovery volumes, perhaps he has been tipped off whilst waiting for the report that all is good.
Take a Comfort Break, enjoy a Cup of Tea and watch last weeks Interview, then re-read this weeks RNS.
https://www.proactiveinvestors.co.uk/companies/news/988198/canadian-overseas-petroleum-reaches-financing-deal-on-favorable-terms-to-close-cuda-acquisition-988198.html
then from this weeks RNS:
Ryder Scott Resource Report
Earlier this year, COPL commissioned Ryder Scott to conduct a Canadian NI 51-101 compliant resource assessment of the major discovery the Company announced to the market in January 2022 its assessment of an estimated total reservoir volume of 1.5-1.9 billion barrels of Oil in Place ("OIP"), of which 1.2-1.6 billion barrels of OIP underlays COPL lands. The Company expects Ryder Scott to confirm these findings when it publishes the report next week.
http://pipeline.wyo.gov/AllOpcoProd.cfm?oops=ID11285&RequestTimeOut=65000&nOpco=1769
Still Waiting for Junes Figures
http://pipeline.wyo.gov/AllOpcoProd.cfm?oops=ID11285&RequestTimeOut=65000&nOpco=1769
Waiting for Junes Figures