hartleys report

This looks like a new report on the COE website?

"We have upgraded our base case valuation to 120cps (previously 95cps)
to take into account the higher production rates that Cooper can expect
from its Cooper Basin assets, together with an upgrade of the valuation of
the Indonesian assets as they are closer to delivering important
newsflow. We value the Cooper Basin assets as worth 20cps to COE
(previously 7cps), due to production from the Callawonga field going from
~1,400bopd to modelled production of some 7,000bopd as a result of
recent drilling success. This rate could be increased by a decision to
install a pipeline to the field, which could be completed by end of
CY2007. This will depend on the results of Callwonga-4.
The Cooper Basin ‘cash engine’ continues to grow, exceeding
expectations. With the impending intersection of the primary objective at
Kurnia-1 (Indonesia) and an active 12 months drilling ahead, we reaffirm
our recommendation for Cooper Energy Limited as a Speculative Buy."