Hey recooperating.
Looking over COEs Tunisian package. Menzel Horr looks like a great prospect. Structural trap appears to be anticlinal fold with good faulting.
Definitely one that COE should keep at 100% owned. Approximate well cost will be around US$10 million, given indicated well depth of 2 400 metres.
Interesting to see COE were awarded a new block to cover another structural lead near Menzel Horr.
Definitely a better prospect than that horrible Fuschia.
West Hammamet is not worth COEs time and money. Playing with offshore oil and gas in Tunisia is far too risky. This company could deliver more value to shareholders by farming into hot offshore acreage in more prospective areas of Africa and South East Asia. Instead they are playing off the coast of Tunisia.
Indonesia is good area for SE Asian operations to begin, multiple major gas corridors. Not as optimistic about Gigir East-1 as I am on Menzel Horr.
Might look at COE closer to Menzel Horr spud date. This company is far too passive in its exploration. Get some lucrative East/West African acreage and 40c/share will become 80c/share. COE has no exploration package that offers massive potential upside to shareholders. Thats why traders aren't interested.
Like recoop stated only LT holders are interested in this stock. COE needs a management change and a new direction if shareholders want to dream of $1+/share in the future.
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