COE 3.03% 17.0¢ cooper energy limited

Ann: Guidance update, page-11

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  1. 8,619 Posts.
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    as I recall, the previous Otway drill program was cut short because the anchor chain on the drill rig failed. It was then a safety issue, so the balance of the drill program was cancelled. I think the drill rig went to Singapore for repairs???
    I think Proga is correct, in that the drill program is dependent upon rig availability. I think if they can get a rig for 2023, then they will drill Otway in 2023.
    And the good thing is, COE is getting good cash flow on better processing rates, plus the better pricing.
    PLUS - COE said they are renegotiating with their banking syndicate, so I would bet that any funding package would cater for w/c incl drilling etc.
 
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