COE 0.00% 21.5¢ cooper energy limited

not finished with ipm , page-14

  1. 20,391 Posts.
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    Thanks recoop for the updated dates and the success rates in the PEL 92 permit. This are very encouraging stats for COEs and its capacity to replenish reserves for many years to come.

    The two wells you mention are the step out wells near Parsons, these have already been announced, I am interested in the west flank wells - i think they termed them west 1 2 and 3. I would expect drilling quarter 1 or 2 next year

    With a potential net addition of 250K barrels to cooper and maybe a little more from Callawonga and maybe even more if the deeper tagrget Kaladina holds oil that should replace about 6-9 months of production. In my view the more active they are in PEL 92 the better

    Whoever goes to the AGM tomorrow, if they can ask about the aditional PEL 92 wells that would be great.

    Looking forward to tomorrow's presentation, although I doubt there will be much thats new. But its always good to see the cah figures, reserves and profitability reconfirmed.
 
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