COE 2.22% 22.0¢ cooper energy limited

any long termers left , page-9

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    Reading last quarterly somehing worth noting. Coe paid for some of the drilling costs for fuschia, total exploration costs 7 milion plus so perhaps we will not see cash drop as much as the cost of the well. Cash drain may be as low as 4-5 million with the addition of quarterly revenue. In simple terms this means cash backing will probably come in close to 30 cents as opposed to 28.
 
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