33 F
  • Loading stock data...

Canadian Overseas Petroleum confirms a 993-million-barrel oil discovery in Wyoming

According to a press release, Canadian Overseas Petroleum Limited and its affiliates have received a Resource Report prepared by independent energy consultancy Ryder Scott confirming its profound oil discovery on its affiliate COPL America Inc.’s lands in Converse and Natrona counties, Wyoming.

COPL is an international oil and gas exploration, production, and development company with production and development operations focused in Converse and Natrona counties, Wyoming, United States.

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.

The report complies with Canadian regulatory requirements according to National Instrument 51-101 – Standards of Disclosure for Oil and Gas Activities (NI 51-101) which stress conservatism in the evaluation. The geologic interpretations, reservoir determinations, and risk assessments are Ryder Scott’s and, as such independent of the Company.


  • 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
  • The Report:
    • 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;
    • Outlines 118 horizontal well locations to exploit the identified Frontier 2 and Dakota Reserves and Resources
  • COPL plans to drill one Frontier 1 well and two horizontal Frontier 2 wells as part of its 2022-23 drilling campaign commencing in Q4 2022, offsetting the 14-30V discovery well drilled in Q3 2021.

“This independent Report validates what we announced at the start of the year and highlights the significant potential of our fantastic Wyoming asset,” said Arthur Millholland, President & CEO. “Compiled to Canadian regulatory standards, the Report gives a conservative view. We expect to see further exploration upside in due course once our drilling program gets underway in the coming months. 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.”

Wyoming News
Wyoming Newshttps://wyomingnews.tv
Welcome to Wyoming News, the people's paper. We are a local news site that covers all things Wyoming. From politics to health, we've got you covered. Our goal is to provide our readers with the latest news and information to stay informed and make the best life decisions.

Related Articles

Latest Articles

Cody Wyoming Police Department News

January 31, 2023 ARRESTS:None at this time Total 911 Calls – 1 *========================================================================== 07:41 Patrol-Extra 2301310011 Officer initiated activity at 12TH St, Cody. ....

Yellowstone County Sheriff Deputies Respond to Shooting involving 5 people

 Shooting on Cormier Rd. On Monday, 1/30/23, approximately 4:40 PM, Deputies and medical personnel were dispatched to a disturbance in approximately the 9900 block of...

Cease The Lease

              Written By Robin Berry This is an across the country request for all the Governors to stop sending any money...

Casper Wyoming Resident Renters, Alerted To Scam By Casper Police Department

On January 27th, 2023, officers with the Casper Police Department responded to an apartment complex located in North Casper, regarding a suspicious call. It...