RE: American Market6 May 2023 17:26
There is no official confirmation or announcement from either company regarding a possible buyout of COPL's Wyoming assets by Exxon. However, some analysts and industry observers have speculated that Exxon might be interested in acquiring COPL's oil fields, given their proximity to Exxon's existing operations in Wyoming and their potential for high production rates and low development costs.
According to a report by Proactive Investors, COPL's president and CEO Arthur Millholland said in January 2022 that he was open to discussions with potential buyers or partners for the Wyoming asset, but he also emphasized that COPL had sufficient internal resources to cover the initial costs of development.