Just some of many highlights included in the nextoilrush report.
COD has a large potential upside, with an 800 bcf prospective onshore resource at Limnytska. The beauty of the COD story is its relatively low technical risk. Forget about expensive offshore exploratory drills here. COD is sitting on a potential resource which could be worth over US$ 2 billion. With a market cap hovering around AU$ 16 million, as investors catch on, COD shareholders will be centre stage to claim potentially significant gains
COD has been quietly developing their Ukrainian exploration strategy for over five years, something the majors have only just caught on to. While COD bought the Limnytska interest way back in 2007, it was only halfway through 2013 that players like Chevron cottoned on and started investing in Ukraine big time, with a whopping US$ 25 billion slapped down on the table. All this, just to acquire a 50% interest to the west of Limnytska.
Limnytska has the advantage of being located just 10km away from multiple major gas transmission pipelines running into Western Europe and close to significant Ukraine gas storage facilities. That means any resources can be stored in existing storage facilities and distributed to markets with next-to-nothing costs.
COD Price at posting:
19.5¢ Sentiment: Hold Disclosure: Held
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