International E&P Confirms Significant Oil Discovery in Wyoming

Canadian Overseas Petroleum Ltd., a Wyoming-focused E&P company, has made a significant conventional light oil discovery at its Wyoming asset on Jan. 10. The discovery has been confirmed on COPL’s large leasehold position in Converse and Natrona counties, Wyoming in four Frontier Fm. (1&2) and one (1) Dakota Fm sand(s).

COPL currently estimates the total reservoir volume of the discovery to be 1.5 billion to 1.9 billion barrels (Bbbl) of oil in place (OIP), of which 1.275 Bbbl to 1.64 Bbbl. of OIP underlays COPL lands.  Production has already commenced from the Dakota Fm, the lowermost reservoir sand in the BFU 14-30VF discovery well (100% WI) at 100-120 bbl/d of oil.