It was a nice announcement to wake up to this morning and loved seeing its effect on my portfolio!
However, now I want to put the euphoria aside for a moment and ask those with more experience what it will mean for COE if there are no more oil and gas shows deeper down.
Are the finds so far enough to support the current price? I suppose we won't know until they run the wireline logs and do whatever other testing they do for these things. Guess I'm answering my own question.
Or would a lack of more oil and gas likely send the share price down as the punters desert on negative sentiment?
Can anyone help me in trying to work out the potential risks still present?
Spartz
have not even reached rancak , page-5
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