I am holding onto my patience with this little wonder stock, which last week got tested, but every few weeks a glimpse of excitement occurs on this little beauty rising it a few more cents.
Whilst Mahalo 2 with Santos was unexpectedly delayed until later on this year, Andy and his team have been quietly building a great portfolio in the states, ie Tow Creek, Bear River and Cedar Creek.
The point that I have at times forgotten and which tests my patience, is that they are an explorer and are facing competition in securing additions to their great portfolio. I think they achieve this by stealth, ie very good and careful due diligence and on the quiet in a US environment where I understand lease aquisition costs are rising.
Using the stealth and quiet strategy they have closed two transactions this year already and expect to be drilling a number of wells in next few months on Tow Creek and Bear River.
Oil and Gas weekly also appear bullish on COI from previous reports and continue to plug its future.
Considering STX is involve with COI, fingers cross patience leads to a multiple times of reward.
"The bird at the front of the flock gets shot first"
LB - shareholder in COI
COI Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
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