1 billion barrels of oil potential, page-43

COE vs ADX partly comes down to market sentiment
Punters are chasing specs atm whilst COE's cash and steady production is too boring for some.
A few down days on the DOW plus a lull in ADX newsflow and I think a cheaper entry will eventuate.
COE on the other hand will still be flat lining in low to mid 40's given their cash+reserves backing.

For a punt, you can buy COE now ~40-45 and probably bail ~55-60 when Fuschia spuds probably Mar qtr 2010. And you wont lose much sleep in the meantime

ADX should appreciate much more in percentage terms as Sambuca spud approaches mid 2010, but there are still hurdles ahead imo.
ie, WER funding capped and somewhat dubious
Remaining farmouts wont be easy for such a high risk prospect.