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Jan 10 RNS:
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
Aug 5 RNS:
Summary of the Total Original Oil in Place ("OOIP") at the asset
· Frontier 1: 704,728,000 Bbls.
· Frontier 2: 217,365,000 Bbls.
· Dakota: 71,379,000 Bbls.
· Total OOIP: 993,472,000 Bbls.
SO:
The Company plans to further evaluate the three Frontier 1 sands through coring and open hole testing in the first horizontal well in the Barron Flats Federal Deep Unit targeting the Frontier 2 Formation during Q4 2022. Following the completion of this well, the Company will drill and complete a horizontal well in the Frontier 1 in the Barron Flats Federal Deep Unit. In addition, the Company has identified suitable well bores at its Cole Creek Unit to re-complete in the Frontier 1 for production in Q4 2022.
*** As such, the current resource estimates as outlined are likely to be revised and/or reclassified after this evaluation program.***
Perhaps some updates/views/forecasts on this from ART tonight
Could also update us on: WAX Problems, Flaring or update on Agreement being reached with Objector, OR, the Company has identified suitable well bores at its Cole Creek Unit to re-complete in the Frontier 1 for production in Q4 2022.
Be worth keeping an Eye on the Canadian Market tomorrow as ART will be participating in " Natural Resources webinar " tomorrow evening (UK time) while Canadian Market still trading.
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GLALTH
From July 2022 RNS
The Report only evaluates COPL's working interest leasehold at the Cole Creek Unit, the non-unit working interest leasehold immediately to the north and east of Cole Creek and includes the western portion of the Barron Flats Federal Deep Unit.
"(The Report does not evaluate the full extent of the Frontier 1 and Frontier 2 as mapped by the Company outside of these lands.)"
Prospective Resources in the Report were determined probabilistically with the associated risk factors determined by Ryder Scott. Contingent Resources in the Report were determined deterministically based on the parameters used in the evaluation of the Company's Oil and Gas Reserves at Cole Creek.
From LSE (on COPL BB)
Dear all,
We can confirm our event is not about the role of Natural Resources in the world, fascinating though that might be.
Our event will be as hard core IR as ever, and is about investing or thinking about investing in #ANGS, #COPL #RBW and #LU. CEO's will present and take shareholder questions live as usual. You can expect a mixture of strategy, production update and investment summary, with four great speakers, two with a large shareholder base making for a lively, very enjoyable and hopefully ultimately profitable evening. Each speaker speaks to slides for 20 minutes, with 10 for Q&A. Many thanks indeed.
Thought George was doing his sums on an Average price of £2 (200p), even though he said Gas Prices wouldn't return for 5 or even 10 years.
But I thought the Gas Price was Much Higher now, especially for the short term?
Although may Average down over 2023/2024
So I see that the Evening temperatures will drop Countrywide to single digits from the weekend and my guess is that Heating/Gas demands will rise accordingly, maybe not for all night to begin with, but still significant for Mid-September,
Scandinavia the same.
Ha Ha, not in this case old chap.
The leafy villages of Surrey/East Sussex are where some of the "Great and the Good" live.
Locals are usually in the Legal/Acting/Sports professions with Energy Company directors thrown in for good measure.
They will NOT want fracking under any cost.