LONDON, UK and CALGARY, AB / ACCESSWIRE / January 23, 2023 / Canadian Overseas Petroleum Limited and its affiliates ("COPL" or the "Company") (CSE: XOP )(LSE: COPL ), an international oil and gas exploration, production and development company, with production and development operations focused in Converse and Natrona Counties, Wyoming, USA, is pleased to announce the first oil production from the Frontier 1 sands at its operated 100% WI Cole Creek Unit. Highlights First successful Frontier 1 oil completion at Cole Creek since Frontier 1 oil was first identified by the original Unit operator in 1943; 11-27-35n-77w well is currently pumping 125-135 bbl./d of fluid through 65′ of unstimulated perforations, with gasified light oil cuts of up to 86% observed late last week; Well clean-up is continuing with near well-bore damage caused by invasion of significant volumes of light fresh water drilling mud during drilling 10.5 years ago; COPL expects conversion of Frontier 1 Prospective Resources to Contingent Resources and ultimately Reserves as additional producing wells come online; The Company has defined an "Oil Down To" elevation for the Frontier 1 at Cole Creek with an area of approximately 8,000 acres; The Frontier 1 recompletion program at Cole Creek […]
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