re: Ann: BPT: Third well success for western ... Chawkey,
Have a read of their ASX release on the 8th March. Essentially the sale of the Worrior field for 16 million and shares. They state this will leave them 100 million in cash or 34c a share.
As I said, on paper I think COE represents huge value but their proven ability to drill expensive dusters is a concern.
Changed my sentiment from hold to buy after todays 5% retreat.
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$1.49 |
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Open | High | Low | Value | Volume |
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Price($) | Vol. | No. |
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No. | Vol. | Price($) |
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5 | 56194 | 1.485 |
6 | 130783 | 1.480 |
3 | 58933 | 1.475 |
2 | 19124 | 1.470 |
1 | 16124 | 1.465 |
Price($) | Vol. | No. |
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1.495 | 120805 | 6 |
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1.505 | 154129 | 5 |
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