get on b4 its to late!, page-13

Amazed,
I am also betting on a farm down to 30% for Madura (and based on comments at the AGM I am expecting a free carry as a result, plus some sort of success bonus).

For same reason I won't be suprised if we get a Tunisia farmout sooner, rather than later.

Smiley,
I wouldn't compare this stock with NXS, completely different, apples and lemons? Coe has reserves, cash and track record of concerting acreage to reserves, to cash, plus prospects. NXS has prospects, little cash and no certain reserves.

The great thing about the existing reserves, is that with development/appraisal drilling it's not too hard to imagin them still being 1.0 mmbo in 12 months.

Likewise cash reserves, baring exploration success, and having to pay for a gas plant in Indonesia, likely to hold up indefinitely.

IMO easy to pick other stocks with potential, but hard to pick a safer stock with good upside.

Entropylord