COE 1.52% 16.8¢ cooper energy limited

correct me if I am wrong, page-13

  1. 447 Posts.
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    Jake spot on - everyone seems to have forgotten about the Solids Removal unit (old "Phase 2B" works) that was installed, but never actually switched on.

    Everyone who is so pessimistic seems to have forgotten about this one vital piece of the puzzle ... while it has been built and installed, management made a judgement call to forego the potential resulting uplift in processing rates in favour of postponing the required circa 2 week shut-off to tie it in (given cost of doing so with current elevated spot prices over winter months).

    In other words the current processing rates and absorber cleans still only reflect the Phase 2A works which if you check old announcements we're never expected to result in big improvements on their own. In other words the main game fix will probably only be tied in when the necessary cut-off is deemed in company's best interests (Spring I expect), which may well see us finally reach 68TJ anticipated flow rates, or close there to.

    Small but very jmportant detail that seems to have been overlooked by majority of posters here. I suspect polishing unit will be just that, polishing the icing on the cake from Solids Removal unit activation and tie-in main game.

    Personally not despairing as badly as many here. Disappointed by last two years absolutely! However not yet worshipping at the temple of despair- I believe better times are not far off.

    Looking forward to the annual results and forward looking commentary, now that the Orbost nuptials are behind us and management can finally speak freely.
 
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