The comparison with GLL is interesting.
At one level GLL and COI are similar - large Galilee acreage positions and smaller Bowen & Surat positions.
They've both been drilling in the Galilee although GLL is pursuing a coals only strategy whereas COI has been focussing on the tight conventional.
The difference seems to come down to how the market perceives the two companies. GLL is quite highly rated whereas COI is in with the penny stocks.
They've both made big claims and promises but COI seems only to fall short. GLL hasn't fallen short yet.
Ann: Comet Ridge Awarded ATP 2048 (Mahalo North Block), page-18
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Last
16.0¢ |
Change
-0.010(5.88%) |
Mkt cap ! $180.0M | |||
| Open | High | Low | Value | Volume |
| 17.0¢ | 17.0¢ | 16.0¢ | $113.3K | 700.0K |
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| No. | Vol. | Price($) |
|---|---|---|
| 10 | 177323 | 16.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.5¢ | 148780 | 5 |
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| COI (ASX) Chart |