COE 2.78% 18.5¢ cooper energy limited

gnews, page-23

  1. 3,112 Posts.
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    re: ian if you work off http://www.cooperenergy.com.au/company/mmedia/COE_20060427.pdf they say that current production is 1100 - 1200 per day (28th April) and we know that the figure does not include

    silver sands 255
    sellicks 2 562
    sellicks 3 325

    They have said that Sellicks 2 will be in place in July, with S3 not far behind. SS is 3 months out but potentially faster.

    I've just done some maths worked on 30% field decline (2.5% per month)
    starting production 1100 bopd with Sellicks coming on line in begining of month 2 and SS in month 5.

    From this I come out with a full year production of 637k. From that you can work out a 300 day year, or 330 day etc. This has no upside built in from additional ifnfill or new discoveries.
 
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