Member Info for DaffyPicker

" it could just as easily be a sack of gem quality stones rather than the usual industrial grade found in the area."

Let us assume for a moment that the total netback to Vast for the Diamonds is just $5-$10 million - that could still cause a bit of excitement to the share price.

"Maybe I’m dreaming and in Cloud Cuckoo Land."

Maybe you're dreaming of Cole Creek Unit? :)

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.

Bear in mind that some of us consider ourselves to be analysts and industry observers.

According to a report by Petra Gems, surveys show that the price of diamonds over the past 8 years have increased by approximately 33%, giving it an average of 4% every year . However, diamond prices have fluctuated over time and have been affected by various factors such as supply and demand, economic conditions, and changes in consumer preferences.

The RS report:
• Confirms the Wyoming deep discovery has total Original Oil in Place of 993.5 million barrels
• It is independent verification of the oil Discovery announced in January 2022
• These are conservative estimates complying with Canadian standards
o
o Supports the Company's conclusion that the Frontier 2 and Dakota discoveries are large stratigraphic oil accumulations encompassing the reserves at the Company's operated 100% WI Cole Creek field;
o Outlines 118 horizontal well locations to exploit the identified Frontier 2 and Dakota Reserves and Resources

The Ryder Scott Report is compliant to Canadian regulatory requirements pursuant to National Instrument 51-101 - Standards of Disclosure for Oil and Gas Activities ('NI 51-101') which stress conservatism to the evaluation. The geologic interpretations, reservoir determinations and risk assessments are Ryder Scott's, and as such independent of the Company.

Who knows if or when we will benefit.
Presumably the XOP will be traded tomorrow even if COPL doesn't trade until Tuesday.

I was under the impression that COPL estimates the total reservoir volume of the recent discovery to be 1.5 billion to 1.9 billion barrels of oil in place, of which 1.27 billion to 1.64 billion barrels of oil in place underlays company lands.

Not too shabby, in my view.

- In 2013, Zimbabwe held an auction of diamonds from the Marange fields in Antwerp, Belgium, hoping to attract more buyers and higher prices. However, the auction was a flop, as only 279,723 carats were sold for $10.7 million, far below the expected $100 million.

Apparently, In 2019, Zimbabwe held its first auction of diamonds from the Chiadzwa fields, which were discovered in 2016 and have higher quality than the Marange diamonds. The auction was held in Harare, Zimbabwe, and sold 316,000 carats for $23 million.

According to Natural Diamonds, some of the record-breaking diamond sales at auction in 2021 include a 101.38-carat pear-shaped D flawless diamond that sold for $12.3 million at Sotheby's Hong Kong, and a 14.83-carat fancy vivid purple-pink diamond that sold for $26.6 million at Sotheby's Geneva.

The estimated value of the diamonds is not known, but previous auctions of Zimbabwean diamonds have fetched an average of about $400 per carat, with some exceptional items selling for $12,000 per carat.
As a low estimate, assuming that Vast Resources' diamonds are below average and sell for $300 per carat, the parcel would be worth $38.82 million.

" lets hope they are not been switch for fakes"

That is why they are insured.

Yes. Wouldn't want to be out of this over lunchtime! :)

Something more worthwhile.........................
What do I make of PLATEAU
Well, there is: Palate, - the roof of the mouth Puteal - a wall round the top of a well, er umm ............................

"It just doesn't make sense at all that it's taking them this long to get the diamonds"

Yes, that's right, it normally only takes a few weeks when this happens. Wait.........It has been , what, 13 years since they were pulled out of the ground?

1.44 close or plus.

I like the sound of "large oil company".

Why oh, why oh, Wyoming! :)

There were a few days in January where you could have got in at 0.18 and got out at about .80 if you didn't lose your nerve on the way up. 400% easy. Some of those at 0.18 have probably got a few tranches left for the 1p+ days.

"Discussions with a large oil company who approached the Company regarding the exploitation of its Frontier oil resources are continuing with current focus on commercial terms. These discussions, as well as the identity of the party involved, will remain confidential until their disclosure is appropriate by agreement. " Thursday 20th April 2023