You mighty be right, but this is a non core asset of COE and they have just wasted many millions on it. I honestly can't see the Directors of COE being willing to risk another $20 million their current share on this field.
They haven't got bottomless pockets and the Tunsian assets are diverting COE from there real game of expanding there Australian play.
Bottom line the value of COE Tunsiona assets have not increased with the drilling of this well.
JKA Price at posting:
6.8¢ Sentiment: None Disclosure: Not Held