RE: R/S Contingent Report June 30 202227 Mar 2024 16:49
Agree the figures are enormous, as one would suspect with a large oil find.
"While drilling the BFU 14-30VF well COPL encountered lost circulation in all three Frontier 1 sands.
Drill cuttings from the uppermost Frontier 1 revealed sands exhibiting bright yellow fluorescence with bright
yellow streaming cut. Also of note, the well encountered significant connection gas implying that
hydrocarbons were being held back due to mud weight (10.4 lbs/gal). While this is all positive Ryder Scott
maintains that this does not qualify as a discovery."
Page 62 in this file provided by Uknown earlier thanks...
The Frontier 2 was also mapped using well log data. The Frontier 2 is a stratigraphic trap and two
key wells in delineating the pool were the GCO Fed Lone Tree 2 well and the Valentine William 1 well. As
previously stated, the Clinton GCO Fed Lone Tree 2 well recovered 600’ of WC oil and 120’ of clean oil
from the Frontier 2. A water cushion was used in the drill stem test and the stated water cut was likely in
part water cushion recovery. Furthermore, pressure data from the test very closely matches the reported
initial pressure of the Frontier 1 from the discovery well within the Cole Creek anticlinal closure. Ryder
Scott deems this sufficient evidence to classify it as a discovery.
Page 63...
"COPL is planning to core the Frontier 1 sand in a follow up well to the BFU 41-30 well, which is slated to spud in
the fourth quarter of 2022. Based on these factors Ryder Scott feels that the chance of development is
likely if a discovery is made."
Was this well spudded in Q4 2022? What was the result.
Thanks again Unknown...
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