Someone made the below statement on Jan 16 when COE was 58...

Someone made the below statement on Jan 16 when COE was 58 cents.

"Media know ziltch about oil exploration stocks . Any oiler that discovers something REAL in the oil patch will add value . COE will be a bad investment if it becomes media driven .....
COE looks fully priced atm . Needs to replace reserves before we worry about added values here .

PS: Indonesia is not that attractive to oilers ..."



You would have to think that 5 trading days later, with the sp now at 72 (and looking strong ) that Indonesia IS an attractive asset.

Madura certainly seems to have the interest, Im pleasantly surprised with the willingness to bid the price up.
T3 seem to be absent which can stabilise things.

COE have broken out of that sub 50 cent T3 threat imo.