tunisia, page-15

"Better be good if you are going to bet more than the entire EV currently ascribed to the company on one whirl of the roulette wheel."

Well EL! What an interesting point you make. Currently the EV of Tunisia appears to be somewhat $ negative. Enterprise Value (EV) Formula: Market Cap + Total Debt – Total Cash & Short Term Investments. Short term investments of COE = ongoing $ return from 1.4mmboe being extracted and the value of all of the work to date to mature Tunisia, Indonesia and Cooper Basin prospects).

So! the GREAT management team at COE are not putting a cent extra onto your roulette wheel as the hard work has already been done and we, the shareholders, can sit back and see if we can multiply our investments in this high risk/reward world of the search for oil.

Look at the independent report by RPS Energy in today's ASX release by COE which stated:

“In our opinion, Cooper is managing its Tunisian portfolio in a thorough and professional manner which will maximise its ability to extract value from the many opportunities
therein.” RPS goes on further to state that “a simple arithmetic summation of the Mean Prospective Resources for all the prospects and reservoirs totals 1,224 million barrels of oil recoverable.”

You state EL:

"Time for COE to get it's feet back on the ground and start talking about real, realistic sized, derisked/highgraded ready to drill prospects, and not the elephants of MS dreams."

He may have been dreaming of the elephant that slowly looks a naked man up and down and says 'how the hell do you feed yourself with that'?

Anyhow, I'd far prefer MS dreaming about elephants and NOT the ants that you seem to prefer
1

But! joking aside, would you prefer to invest in a company that limits drilling prospects to > 1mmboe? C'mon EL - get real or get out!!! Go get some 'safe' bank shares and eliminate the risk of the junior oilers; but! don't forget that all of the larger oilers were small in the beginning.

Why are you now so bitter & twisted in your postings recently; you must be down a packet on your shareholding to be taking over from tonymonero. Perhaps it is your own management skills that are at fault and you are trying to put the blame on others.