Partly because the capital expenditure for developing Sole gas field was based on low contract prices. Whatever is left could be used at spot prices but because Orbost processing plant isn't at nameplate capacity, COE isn't generating enough free cash flow to unlock drilling campaigns for OP3D, as such OP3D has been pushed back to 2024 or thereabouts.
When OP3D gets processed from Athena, the share price should increase substantially.
Partly because the capital expenditure for developing Sole gas...
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Last
19.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $501.6M | |||
| Open | High | Low | Value | Volume |
| 19.0¢ | 19.0¢ | 18.5¢ | $897.5K | 4.783M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 403513 | 18.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.0¢ | 530108 | 20 |
View Market Depth
| Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
| COE (ASX) Chart |