tunisia, page-17

Great news about the Bargou Permit finally signed.
The shareprice did nothing toda but this is the start of the recooperation IMO. LOL
Irrespective of the IPM thing, Only positive things to happen for COE in the next 12 months.

BARGOU FARMOUT
COOPER FLOWLINE AT FULL PELT
COOPER BASIN DRILLING IN DECEMBER
HAMMAMET DRILLING
BARGOU ONSHORE DRILL
SERUWAY DRILL - IBU HORST
HIGH OIL PRICES - MOST PROBABLE RECORD REVENUE, RECORD PRODUCTION AGAIN (400,000 BARRELS) AND AT LEAST MAINTAIN OUR RESERVES WITH THE COOPER DRILLING OR INCREASE IT MULTIPLE TIMES WITH A GOOD ROULETTE WHEEL SPIN.

Great post pmunt,
I agree strongly about EL taking the roll of tonymonero as the cooper downramper. His posts a couple of months ago when it was in the high 40's were nothing but positive and how COE was good value at these prices.

MS sees good value in IPM like EL does (as auto has pointed out) but it does not seem to be fair that MS is allowed to buy IPM shares which has been a lifeline for the IPM shareprice. Would be 80-85 cents otherwise. He can bag the offer as much as he likes but IPM must be concerned it has a good chance of getting up to fight the bidders statement so fiercly. Its up to the greedy institutions. They don't care about mccann long term plans, if they can make a quid now they will grab it.

EL
If you don't like coopers chances of ever finding anything and MS just has dreams about elephants then Why did you buy it. I know because you said yourself previously when cooper at around 50 cents, you were getting the exploration upside for free. But now your beloved IPM is in danger cooper cant do a thing right and the company shuld be liquidated for its PEL 92 & 93 and its franking credits. Agree with pmunt may be time to buy a bank. Macquarie will e liquidating in a few months.
Even after Gurame failed you were still was upbeat about the value in the Seruway Block. But now its enterprise value is overvalued at 40 cents but wasn't at 50 cents before the takeover bid.

If only MS knew that bidding for IPM would affect his chances for success at tunisia and indonesia.

I still greatly appreciate your contributions EL and some negative points you have made about COE in relation to salaries, buybacks and dividend policy are very valid. But it seems you have no reasons for holding cooper anymore and MS can't do a thing right (exactly like tonymonero which you found the mosquito very annoying). I know you haven't sold it yet because you are waiting for the "elephant activity" your so despondent about to make a capital gain from this instead of a massive loss. So I wouldn't be bagging MS tunisia drilling program when it is ultimately going to give you a chance of getting out of this dreadful stock with a good capital gain and the 12 month CGT discount. I suggest if you are not going to objective and constantly bagging management re takeover bungle then you leave your IPM chestbeating for the IPM thread.