10 Jan 2022
COPL: Material conventional oil discovery confirmed
COPL has confirmed that the discovery made by the BFU 14-30VF well in September 2021 is a large conventional light oil field containing oil in 5 separate sands, in stratigraphic traps, with mapping showing an extensive aereal extent. This find creates significant additional upside above and beyond the existing BFSU field that was the basis for the acquisition of Atomic Oil and Gas. COPL estimates that the discovery contains between 1.5-1.9bnbbl of oil in place of which approximately 85% is on C ....
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COPL: Material conventional oil discovery confirmed
Canadian Overseas Petroleum Limited (COPL:LON) | 0 0 0.0% | Mkt Cap: 0.60m
- Published:
10 Jan 2022 -
Author:
Anish Kapadia -
Pages:
4
COPL has confirmed that the discovery made by the BFU 14-30VF well in September 2021 is a large conventional light oil field containing oil in 5 separate sands, in stratigraphic traps, with mapping showing an extensive aereal extent. This find creates significant additional upside above and beyond the existing BFSU field that was the basis for the acquisition of Atomic Oil and Gas. COPL estimates that the discovery contains between 1.5-1.9bnbbl of oil in place of which approximately 85% is on C ....