announcement nc., page-11

one-up (or one-down perhaps)
i will help you out cos i feel sorry for the GDN tragics.
get a yearly chart of GDN and of COE and tell me which one is going up and which one is going down.
Then if you are not too arrogant to help yourself read below and see why hartleys have 95c to 1.33 on them.
do some research and see what an oild and gas exploration/producer should look like.
They have $20 million in the bank, producing, management that doesnt guild the lillie, no capital raisings, good ground, no listed options and dont take 14 mths to drill a well.
now the market (not me) is recognizing that and sees that GDN is a dog with fleas and has sold it off. Cooper energy COE on the other hand is a winner.
we will see where they both are in 6 months ok.

cheers
DYOR
Subject: re: hartleys valuation 95to133cps
Stock Code: COE - COOPER ENERGY LIMITED
Posted: 21/06/07 16:14 Hotcopper Radio: COE on BoardRoom Radio
Posted By: ronstieb Views: 174
Post #: 1890938 (In Reply to msg #1887870 from BIGRODDY) Sentiment: Hold
IP: 202.71.xxx.xxx Voluntary Disclosure: Stock Held
While kurnia is in the headlines atm, I think Hartleys take on Seruway is the highlight of their 19-06-07 rpt and the most likely project to deliver

snippets from the rpt

"Seruway PSC to Kick Off in Q4 CY2007 – COE has planned to drill
Gurame-6 by the end CY2007. To date, five gas discoveries have
been made in the PSC, with identified recoverable hydrocarbons of
400-2,700BCF gas and 20-150mmbbl condensate in the Gurame gas
field alone. Cooper has assessed the probability of success of
Gurame-6 at 75%. Gurame-6 is estimated to be worth 40cps to
Cooper on a risked basis."

and

"After purchasing its interests in the Seruway PSC via the takeover of unlisted Rion Energy, Cooper is scheduled
to drill the Gurame-6 well in the Seruway PSC in Q4 CY2007. The Gurame Gas field is located only 50km from
the giant Arun gas field (15TCF) and associated infrastructure, making this an attractive location geographically
At Gurame, Cooper believes that there
is potential for 400–2,700BCF
recoverable gas and 20-150mmbbl
recoverable condensate based on
previous assessments by large major oil
companies. Based on the lower of these
estimates, Cooper’s share could be
worth up to US$67m (40cps), which we
have included in our Expanded Case
valuation.
Cooper rates the chances of success at
Seruway as very high (75%) due to the
historic track record of wells in the
Gurame field. To date, there have been
5 wells drilled with a 100% success rate.
In addition to Gurame, Cooper’s block
contains at least 2 other similar
discovered fields that require follow up
appraisal, all of which contain similar
volume potential to the Gurame gas
field. The Seruway PSC has potential to
increase Cooper’s reserve position from
its current ~1mmbbl level."

and

"It should be noted that the valuations ascribed above are risk based. If drilling is successful in discovering the
targets shown above, the value to Cooper would be significantly in excess of the risk adjusted values cited
above. A 1000BCF discovery in the Seruway PSC would be worth up to 820cps to COE, whilst a 200mmbo
discovery at South Madura would be worth up to 910cps to COE."