kiwi-1 about to spud..., page-40

re: re:re:value stu/coe???? That last post of mine got a bit jumbled and was overtaken by about 10 posts in the time it took me to type it. Anyway, I still think it makes a little bit of sense and draws attention to the lack of interest being displayed in STU.

Flasher

I take your point on the discount generally applied to oilers and maybe that should be applied here. Conversely of course, if you want to apply discounts maybe we should look at attributing some value to the portfolio of prospects and the very short term drilling program. I reckon they might just about balance each other out and therefore we stay with the current price of COE/COEO being undervalued.

Jamesdoran88

I agree with soulmates response to you about the oppies versus the fpo's but I would qualify that with a comment on the risk you run with relatively short term options. If you get stuck with them when the music stops and they are not in the money, it can be a very expensive process to convert them to FPO's. At this stage that does not appear to be a problem but keep a close eye on them as there is nothing worse than seeing your entire investment evaporate because there is no value in exercising the options.

Cheers

Badfish