Yep, good to see.
COE has stated that 2 biggest issues for investors is BMG abandonment, and Orbost production.
According to last preso, the BMG process is running within that $240m-$280m budget.
It is a behind schedule, but targeted for completion early May.
SO - BMG is resolving itself.
Orbost seems to be resolving its production issues as well.
Average daily prod seems to be improving - and that has direct effect on cashflow.
Also gas contract pricing has increased materially since early contracts were set. From around $8.50gj to early teens now.
and gas supply shortages will help.
So i think the instos are now re-assessing COE's outlook.
If you listen to preso Q&A, each of the analysts congratulated COE progress.
(Maybe they were just being polite??)
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