COE 0.00% 18.5¢ cooper energy limited

ian_whitchurch, theflasher...I agree.An announcement regarding a...

  1. 15,276 Posts.
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    ian_whitchurch, theflasher...

    I agree.

    An announcement regarding a pipeline for Worrior would, in my opinion, be a huge boost to both STU and COE.

    Although flows on Worrior could be substantially increased, I think the main benefit of a pipeline would be the deliverability of future development wells, the field in general and of course, the entire permit.

    As I see it, the field is big enough to support an additional two or three development wells...all flowing up to 2000bbls/d. That would give the field an initial production rate something like 6,000-8,000bbls/d.

    Worriors proximity to BPT's Waitpinga-1 could also prove to be interesting as a pipeline could serve both fields, thereby further improving the economics considerably.

    Interestingly...if BPT find something in Waitpinga-1, Worrior suddenly becomes very very attractive.

    Could this be the trigger we are waiting for?

    Cheers!
 
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