COE 0.00% 17.0¢ cooper energy limited

Ann: Orbost Improvement Project Update, page-10

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  1. 8,619 Posts.
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    yes, that's news looks really promising.

    I pointed to the increase in prodn 2 days ago, in that it went from
    Orbost prodn has been higher over last 6 days.
    "..28/12 was 50, then 65, then 57, 66, 66, and then 67 tjd." over those 6 days.

    The issue now is Can Orbost continue those good figures on a consistent basis???

    i sure am hoping they can. Note the disclaimer at bottom of ASX announcement.

    The BMG decommissioning is a totally separate issue. Rig has been onsite for several days. I cannot remember how many days the decommissioning is expected to take? Was it 3 weeks??

    Those were the two big issues for COE.

    But I forgot the other big issue, which is the sorting-out of the Otway ownership and development with JV partner Mitsui.
    That needs to be sorted, because Otway OP3D was the big material growth potential for COE. That development looks like it will be materially profitable for JV partners.
 
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