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Billion Barrel Oil Find
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Canadian Overseas Petroleum Limited (COPL) has revealed that it has received an independent resource report confirming its deep oil discovery on its affiliate COPL America Inc’s lands in Converse and Natrona counties in Wyoming.
According to COPL, which outlined that the report included conservative estimates complying with Canadian standards, the study confirms that the find has total original oil in place of 993.5 million barrels. The report was commissioned by COPL to supplement its internal assessment of crude oil resources in its discovery disclosed to the market in January 2022.
“This independent report validates what we announced at the start of the year and highlights the significant potential of our fantastic Wyoming asset,” Arthur Millholland, the president and CEO of COPL, said in a company statement.
“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,” Millholland added in the statement.
“Following on from the recent financing and completion of the Cuda Energy acquisition, this report is another step forward as we transform into an oil producer of scale,” he continued.
On January 10, COPL announced a “significant” conventional light oil discovery at its Wyoming asset. At the time, COPL estimated the total reservoir volume of the discovery to be between 1.5 billion to 1.9 billion barrels of oil in place.
“This is a significant oil discovery and the size of the upside at our Wyoming asset was a surprise to us all,” Millholland stated on January 10.
“Conventional light oil discoveries of this magnitude have been rare in continental North America for years if not decades. We control the majority of this discovery as it is coincident with our large contiguous lease block. We will start exploiting the discovery this year,” Millholland added in the statement.
COPL outlined that its acquisition of the U.S. assets of Cuda Energy LLC by COPL America Inc closed near the end of July. In a statement at the time, COPL highlighted that the acquisitions of Atomic Oil & Gas, announced in December 2020, and Cuda have been transformative for the company. COPL now operates four assets within approximately 48,000 contiguous acres of leasehold in the Powder River Basin in the Converse and Natrona Counties in Wyoming, COPL pointed out in the statement.
4 Comments on "Billion Barrel Oil Find"
makati1 on Sat, 20th Aug 2022 5:00 pm
1,000,000,000 bbls divided by 100,000,000 bbls equals 10 days of world consumption. 100 days US consumption. Yawn!
Theedrich on Tue, 23rd Aug 2022 11:53 pm
Bad news for suicidist Germany. On 2022 Aug 25, the Russian Duma (Parliament) will vote on declaring Ukraine, which has been shelling civilians in Donetsk, to be a terrorist state. That would make Zelenskyy and his buildings and government in Kiev into targets for missile attacks. Likewise the mayors and local governments of Kharkiv and Mykoaiv, Odessa, etc. Also, countries that support Ukraine, particularly Germany, would also be classified as supporting terrorism, and cut off from Russian gas, etc.
Meanwhile, Mar’inka (Мар’ ïнка) has fallen to the Russians, and Avdiivka/Avdeevka/Avdiyivka (Авдïiвка) is on the verge of collapsing. The Kriegsnebel makes it difficult to tell with precision what is happening.
Biden's hairplug on Wed, 24th Aug 2022 12:46 pm
And the Russians are closing in on Nikolaev:
https://www.youtube.com/watch?v=weysVXpHs50
During Autumn and Winter, the Russians have the advantage that the Ukrainians can no longer hide in the forest, Russian drones see everything -> gps -> artillerie -> poof. Next.
Movie: the Battle for Mariupol, warfare in 2022:
https://www.youtube.com/watch?v=4KQVPmEN73w
But who cares about Ukraine, the fate of the US empire will be decided in East-Asia and possibly soon, for instance because the US will initiate hostilities, to avoid waiting until China gets too strong (it probably already is):
https://www.youtube.com/watch?v=IT0Rx8_Ac9A
Europe’s economy is going to crash, in a year or 2-3 flying and private car ownership will vanish, too expensive. The homes will be cold, because with a ten-fold increase of energy prices, it is simply unaffordable. The entire winter will be spent on the sofa under a 50 Watt e-blanket for $50. You’ll get used to it.
Let’s see how Germany will react. I don’t think that Weimar-2.0 will last 15 years again. Eventually, the German government will give in to public pressure to negotiate a deal with Russia and Russia will resume deliveries, provided Germany leaves NATO. Together with France, they will.
FamousDrScanlon on Wed, 24th Aug 2022 1:53 pm
clog, most N American white folk don’t really care about Ukraine or anyone else but me me me me.
Ukraine is just one more chance to feel morally superior by Putin bashing and throw a few bucks towards the down trodden and play white savior once more.
I remember how we did it with food aid & rock n roll.
Raised money to feed Africans then we had to raise money to save American farmers and we still do it.
Farm Aid is an annual benefit concert held for American farmers.
“On July 13, 1985, while performing at the Live Aid benefit concert for the 1983–1985 Ethiopian famine, Bob Dylan made comments about family farmers within the United States in danger of losing their farms through mortgage debt, saying to the worldwide audience exceeding one billion people, “I hope that some of the money … maybe they can just take a little bit of it, maybe … one or two million, maybe … and use it, say, to pay the mortgages on some of the farms and, the farmers here, owe to the banks.” He is often misquoted, as on Farm Aid’s official website, as saying “Wouldn’t it be great if we did something for our own farmers right here in America?”
Although his comments were heavily criticised, they inspired fellow musicians Willie Nelson, John Mellencamp and Neil Young to organise the Farm Aid benefit concert to raise money for and help family farmers in the United States. The first concert was held on September 22, 1985 at the Memorial Stadium in Champaign, Illinois before a crowd of 80,000 people.[1] Performers included Bob Dylan, Billy Joel, B.B. King, Loretta Lynn, Roy Orbison, and Tom Petty, among others,[2] and raised over $9 million for U.S. family farmers.[3] ”
Farm Aid also operates a disaster fund to help farmers who lose their belongings and crops through natural disasters, such as the victims of Hurricane Katrina[8] and massive flooding in 2019.[9] The funds raised are used to pay the farmer’s expenses and provide food, legal and financial help, and psychological assistance.[10]
https://en.wikipedia.org/wiki/Farm_Aid
The US gov has endless billions of tax dollars to throw at forever wars and regime changes and proxy wars, but Joe six pack and rock musicians have to forever bailout the nations farmers.
OMG farm aid is like socialism!!
Those farmers need to pull themselves up by their boot straps, show some grit and get second jobs!!! When I was their age bla bla bla……..
Apparently some US country music and rock musicians, led by one hit wonder Ted Nugent and Toby Keith’s shit stained boot, are going to do the same to raise money for Trump – Cunt Aid. please donate cash or Maxi Pads.