clark888
cost of production with pipeline now $22perbrl
re Callwonga reserves, you may be right. A 15% increase in field reserves would 150K plus barrel net to cooper. Even 100K reserve increase for COE would be a nice suprise
I agree with all you say except your price of oil assumptions. Although I agree it will ove up I always prefer to use Tapis spot which is about $73 Aussie at present
I look forward to more news as they acquire and farm-in to new ventures. I also cant wait tohear about the size of West 1-3. all we need is another Callowonga and we underwrite a few more years of exploration without eating into cash
pel92 joint venture profits, page-2
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