Ann: 2024 Cooper Energy Investor Briefing, page-5

Well that was a remarkably detailed presentation.
COE provided much detail its revenue base and costs base - in detail which I have not seen before.

What they did confirm, is that COE will go ahead with 3 wells in Otway. Whilst they said it is 1 firm well, and two potential wells, the gist of the preso made it clear that they will drill all 3 wells.

The issue for me is that they will not be online until 2028.

They also confirmed that a very real option for funding of those wells will come from pre-payments of gas from customers.
Also price of the potential gas will be much higher than the current contracts.

Also looking at Gippsland, they again referred to bringing in JV partners to drill the Gippsland permits - Manta etc.

These two potential funding avenues will make a Cap Raise less likely.

I did not understand the references to "Spark" supply of gas - to do with back-up supply of gas for elec generation.

There is plenty to read and consider.
Worth listening to broadcast on website.

Again the Analysts from the big brokers and bankers were in attendance for preso - that has got to be a good sign going forward. These O&G guys are the ones who advise the Insto's.