Hi Guys
This drilling campaign has delivered results towards the lower end of my expectations(400k brls), however the increase in reserves(1 million) has resulted in final reserves at EOY being on the high end and thus the underlying value of COE increasing by about 20% over the quarter.
I would expect follow up drilling for Butlers and Perlubie, even another Callawonga well is possible as the last one (6)flowed above expectations.
Until then we have Tazerka study decision,(very soon) Fuschia drilling announcement(soon) and anything else they may decide to do.
Trader - you are only 6 days behind with your news re MS option covnersion- Ronstieb posted the news last Friday. Looking forward to your post informing us Tumby 1 was P&A
Ann: Murninnie-1 Exploration Well Update , page-6
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Mkt cap ! $514.8M | |||
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