this was covered in Q&A session.
The work is going to schedule, but a little delayed because of weather, but still on schedule.
They have completed the lower plugs on 3 wells - (3 to go??).
Evidently, it is the work on the lower sections of the wells which carry the most risk.
The rig then circles back, and completes the work on the upper section of the wells.
The commissioning is still expected to be completed in early May.
As far as I heard the cost is still within the $240m-$280m. They have contingency in that figure - I think they said maybe 10% contingency? There were more comprehensive questions about $$ but I missed the answer.
COE still needs to complete the rehab on the umbilicals etc by 2026, and that cost will be on top of the $240m budget. They will use a rig which is already in the area at that time.
Ann: Cooper Energy H1 FY24 results presentation, page-9
Add COE (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
23.5¢ |
Change
0.010(4.44%) |
Mkt cap ! $620.4M | |||
| Open | High | Low | Value | Volume |
| 22.5¢ | 23.5¢ | 22.5¢ | $901.6K | 3.903M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 95398 | 23.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.5¢ | 735751 | 15 |
View Market Depth
| Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
|
|||||
|
Last
23.5¢ |
Change
0.010 ( 6.82 %) |
||||
| Open | High | Low | Volume | ||
| 22.5¢ | 23.5¢ | 22.5¢ | 1893836 | ||
| Last updated 15.59pm 10/05/2024 ? | |||||
| COE (ASX) Chart |