daytrade diaries... june 15 part 2, page-2

PJ- reference to your post regarding COE Oil Discovery

Caution may be required here-the ANN came out last week confirming the oil discovery-so nothing too new in todays announcement, however, this snippet at the end of the ANN today may spook the market:

"Estimates of the recoverable oil volumes are currently under review. Based on the slightly smaller
than expected oil column, the recoverable oil volumes will most likely be less than the pre-drill
estimates. The estimates will be announced once post-drill mapping and volumetric parameters
have been finalised.""