MKR To this day COE remains the stock that have the most money on, but that was many many years ago. ( when they thought they had discovered a massive field called Kurnia) I look at it occasionally, but the debt levels combined with the continued operational issues have kept me at bay. this is not to say i have a deep conviction view on it as i simply haven't done the research.
As i mentioned in a previous post , timing and a bit of luck helps, i think Comet offers the best leverage to higher gas prices and there isn't the complex plants and Sulphur issues etc to deal with , Its not exposed to costs blow outs ( Watsia ) and its path to monetisation is simple relatively speaking , and capital required in regard to pipelines borne by others. Did you read today's announcement of ORORA striking a LT deal with Senex and their commentary how gas supply underwrites viability of the business? Its the Industrial user that will be key to Comets success
I spoke to the company relatively frequently, and my view the MD and Chairman are very astute operators with their finders on their pulse and the amount of work going on behind the scenes is outstanding
I simply see the risks as negligible relative to other projects and technology is improving with STO recently drilling a 2400 lateral , and plans to take these upto 4000 which has massive ramifications for big lifts in productivity and improved economics of these fields
My aim is to hold this until the following
Project sanctioned /FID a TO as i think we will have a stepped jump in market valuation from either. The present is the best time to hold as there a zero operational risks and just upside from news flow
COI Price at posting:
16.3¢ Sentiment: Buy Disclosure: Held
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