interesting article., page-7

Hey recoop - thanks for that info

With the rising dollar approaching US84 there will be a big saving in costs of Menzel Horr and Fuschia both due to rig prices and also due to AUS/US conversion. This will assist in COE having a crack at two decent targets without a big impact the Balance sheet

I discovered something interesting this week - when it comes down to Tazerka study, COE and SVI are doing their own study on whether its economic to develop and by how much.

This means that there are a few variations to what may happen
1.SVI likes it COE doesnt - SVI buys from COE
2.COE likes it SVI doesnt, COE can buy from SVI
3.Both like it -
4.Both dont like it

Due to the first few options either side will not be rushing to release findings to the market before they discuss/negotiate way forward between themselves.

Of all these options I would be happiest with the 3rd

I agree the next 6-9 months should be good for COE