Member Info for ChasPB

Remember the Boards of Directors (of both JV companies) are probably only today returning to the offices after Christmas/New Year break, many take a (SKI/Bahamas/Caribbean) vacation at this time of year.

Give them a week and I'm sure we'll have a really positive RNS

PBob . I too seem to remember the 40% being more of a topic on this BB around the August updates/chats.

From Aug 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.)"

Presentation of August: https://www.canoverseas.com/wp-content/uploads/2022/08/COPL_August_2022_Investor_Presentation_Final_080822.pdf

Pages 6-15 on the attached presentation seems to "SUGGEST" this area.

XOP / Canadian Stock Market CLOSED today, that's Fridays movement.

Are these due around now for November?

FOCUS on all the Positives and FILTER/REPORT the Trolls.

Don't waste your valuable time, they want to disrupt and disturb the momentum this BB is showing.

Nothing that is said on here will impact on the SP

Keep the research going, give constructive comments, but look forward.

GLALTH

We have Good news due very shortly!!!

Canada XOP currently UP 21.57% (@ 31)

My understanding was the Ryder Scott report (of 993m barrels) only covered 40%+ of our land.

Is the remaining 60% just under our control or will it form part of the (hopeful) JV?

We could have a further 1Billion barrels not yet in our Calculations

Tickling just under $80, quite an improvement on previous 2 weeks.

Long may it continue!!!

would some kind soul please publish the link on here

Thx

Very nice "Timeline" reminder from ANGUS - 8:00 a.m. this morning

https://twitter.com/hashtag/ANGS?src=hashtag_click

Not to forget that Ryder Scott “ 1 Billion Barrels “ was the conservative estimate on only 40% of the area .

Possibly much more value to add in to valuations

RNS 5th Aug
Arthur Millholland, President & CEO, commented: "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 under way in the coming months.

Total OOIP: 993,472,000 Bbls.

So we believe this covers approx 40% of COPL's mining area.

So what about the remaining 60% ??

RNS of 10th Jan:
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

This is as big as the Ryder Scott known "Conservative" estimate, yet hardly any mention of it in this BB Calculations for TO/JV/SP ??

And didn't somebody mention before that EXXON are one of our neighbours, boarding our land in Wymoing.

I'm sure they will have the comfort of knowing that Ryder Scott's figures are as accurate as possible.

Though I read here that they only covered 40% of our mining area.
So what about the remaining 60%?
Not see much of this mentioned in the various TakeOver/SP calculations on this BB in the past few days

Also doing the 12 hr Shut down in October (a 31 day month) rather than Nov (30 day month) may massage the Monthly figures a little to look as though the impact was very minimal, if at all.

And by doing this "Dummy" trade, even for a few Seconds before backing out, ......

Does it have any affect on the MM's pricing the Share in expectation of you completing this trade???

IF there was a Large "Limit" Buy being filled (but not yet completed" and holding the SP at these current levels, would you l see it on L2 ?

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.

Check the banner at the top of this page to register

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.