I got in at 24.5/25 cents in June.
Back then COE had $19 mill cash and no international acerage.
Now they have $25 mill cash and fantastic onshore Madura turf etc.
So COE is a vastly better co than when I bought, and as Jojo says, still a buy.
It was a bit of a punt when I bought in the sense that we didnt know how well/bad they would spend their cash.
But they had taken a year looking so they were obviously choosey. Fortunately they have spent well so far, with more good deals to come ?
There are no silly "options for the boys" etc.
Scott has 1.9 mill options exercisable at 55 cents.
When there is a major price sensitive ann, there is no price run up. I like that - very professional tight lipped ship.
Sooner or later COE will hit 100-200 mill barrells in Madura or elsewhere, and sp will shoot past $3.
Thats what Im looking for, and more and more will sit tight rather than trade on spikes.
At present the largest holder has 6%, soon someone will want 10% or more.
Now that continuous drilling is locked in for next year, there is every reson to sit and see what happens.
But even in the Cooper Basin, these 3 upcoming drills in Jan/Feb are what the co descibes as the best targets in the entire basin.
If one of those comes in (there are 6 exploration wells planned for the first 6 months 06), then COE has a strong future.
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Last
21.0¢ |
Change
0.005(2.44%) |
Mkt cap ! $554.4M |
Open | High | Low | Value | Volume |
20.5¢ | 21.5¢ | 20.5¢ | $366.3K | 1.748M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 233369 | 21.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
21.5¢ | 551724 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 233369 | 0.210 |
7 | 346463 | 0.205 |
22 | 999271 | 0.200 |
6 | 168015 | 0.195 |
7 | 306039 | 0.190 |
Price($) | Vol. | No. |
---|---|---|
0.215 | 551724 | 8 |
0.220 | 593211 | 7 |
0.225 | 993463 | 8 |
0.230 | 341660 | 9 |
0.235 | 707480 | 20 |
Last trade - 16.10pm 26/08/2024 (20 minute delay) ? |
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