yes, MBL had COE price target at just 20c back in Feb 2024.
Whilst the BMG decommissioning was big baggage and was overhanging the share price,
I still think that COE has some issues:
1. Orbost production - getting to name plate - that is obvious to all - but COE does not seem to be making any significant headway.
2. now the Indonesian litigation and claim against the former J/V partner is an issue, given they are on hook for 10% of decommissioning costs. If decomm costs are $280m, 10% is material to COE. PLUS I am sure COE would go for damages incl interest and other costs- because COE has been attempting to resolve this matter since COE purchased the permits. So $30m++ is material for COE.
3. the other matter that requires s/t resolution is the Otway development wells and project. Mitsui was trying to withdraw from otway, but now wants to remain. Mitsui is dragging its feet, and IMHO, is a lead weight around the project. COE says it is working to "align" the interests of the J/V partners. Delay to the drilling, and subsequent access to Annie gas will be costly to COE.
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Last
18.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $488.4M |
Open | High | Low | Value | Volume |
18.5¢ | 19.0¢ | 18.0¢ | $494.0K | 2.662M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 495889 | 18.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
19.0¢ | 266629 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 495889 | 0.180 |
4 | 465878 | 0.175 |
5 | 515878 | 0.170 |
4 | 387371 | 0.165 |
4 | 360709 | 0.160 |
Price($) | Vol. | No. |
---|---|---|
0.190 | 266629 | 8 |
0.195 | 286870 | 4 |
0.200 | 591146 | 8 |
0.205 | 404903 | 8 |
0.210 | 500369 | 6 |
Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
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