I got in at 24.5/25 cents in June.
Back then COE had $19 mill cash and no international acerage.
Now they have $25 mill cash and fantastic onshore Madura turf etc.
So COE is a vastly better co than when I bought, and as Jojo says, still a buy.
It was a bit of a punt when I bought in the sense that we didnt know how well/bad they would spend their cash.
But they had taken a year looking so they were obviously choosey. Fortunately they have spent well so far, with more good deals to come ?
There are no silly "options for the boys" etc.
Scott has 1.9 mill options exercisable at 55 cents.
When there is a major price sensitive ann, there is no price run up. I like that - very professional tight lipped ship.
Sooner or later COE will hit 100-200 mill barrells in Madura or elsewhere, and sp will shoot past $3.
Thats what Im looking for, and more and more will sit tight rather than trade on spikes.
At present the largest holder has 6%, soon someone will want 10% or more.
Now that continuous drilling is locked in for next year, there is every reson to sit and see what happens.
But even in the Cooper Basin, these 3 upcoming drills in Jan/Feb are what the co descibes as the best targets in the entire basin.
If one of those comes in (there are 6 exploration wells planned for the first 6 months 06), then COE has a strong future.
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I got in at 24.5/25 cents in June.Back then COE had $19 mill...
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Last
23.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $607.2M |
Open | High | Low | Value | Volume |
23.0¢ | 23.5¢ | 22.8¢ | $632.8K | 2.747M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
18 | 464837 | 23.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
23.5¢ | 2269618 | 44 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
21 | 505239 | 0.230 |
12 | 396990 | 0.225 |
8 | 316105 | 0.220 |
10 | 829841 | 0.215 |
7 | 877168 | 0.210 |
Price($) | Vol. | No. |
---|---|---|
0.235 | 2273904 | 45 |
0.240 | 2955604 | 29 |
0.245 | 497863 | 15 |
0.250 | 683260 | 18 |
0.255 | 119985 | 5 |
Last trade - 15.57pm 01/08/2024 (20 minute delay) ? |
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