I think guidance next financial year could be great. If Orbost gets to 68tj and Athena at 17tj (net to COE), that's 85tj total going into a tight east coast gas market.
COE would have healthy operating cash flows and be able to pay down debt and also reinvest for more gas production.
Why would COE buy Orbost if Manta isn't drilled. That would be a very poor use of capital. Focus on getting OP3D online via Athena and then maybe consider Orbost.
I think guidance next financial year could be great. If Orbost...
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Last
22.0¢ |
Change
-0.005(2.22%) |
Mkt cap ! $574.2M | |||
| Open | High | Low | Value | Volume |
| 23.0¢ | 23.0¢ | 21.5¢ | $646.3K | 2.928M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 31 | 825225 | 21.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.0¢ | 109573 | 14 |
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| Last trade - 15.50pm 03/07/2024 (20 minute delay) ? |
| COE (ASX) Chart |