Penny.
COI's main value is currently based upon the Mahalo joint venture of which they hold 40%. Have a look at their website. Am hoping the Galilee comes good also, as this would be a great bonus. Also, this is sandstone/conventional gas, whereas GLL is CSG. In the end gas will still be valued the same
Have shares in both VEN and COI, so full steam ahead.
Cheers,
Ann: COI: Galilee Basin Drilling Update Albany 1-ST Well, page-7
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