Nick
Callawonga was a developemt well , ( little reserves added ) of which the company owns 25% so at best it may add 50-100k barrels in reserves for Coe . COEs problem is it only has prod from PEL92 which is mature and discoveries in the last two years have been smaller and the failure rate higher also . Cooper at present even after its fall, trades at a premium on an EV per 2 p reserve relative to many of it's producing peers . BPt , tap , CUE , SXY etc
This is why I think offshore success is critical and offshore failure with cost blowouts will be very damaging for COE medium term . It is possible COE trades in the high 20s if there isn't success offshore and it ends up paying on top.
last but not least, page-3
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Last
22.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $594.0M | |||
| Open | High | Low | Value | Volume |
| 22.5¢ | 22.5¢ | 22.0¢ | $593.7K | 2.672M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 290435 | 21.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.5¢ | 205975 | 5 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| COE (ASX) Chart |