Hey recoop - thanks for that info
With the rising dollar approaching US84 there will be a big saving in costs of Menzel Horr and Fuschia both due to rig prices and also due to AUS/US conversion. This will assist in COE having a crack at two decent targets without a big impact the Balance sheet
I discovered something interesting this week - when it comes down to Tazerka study, COE and SVI are doing their own study on whether its economic to develop and by how much.
This means that there are a few variations to what may happen
1.SVI likes it COE doesnt - SVI buys from COE
2.COE likes it SVI doesnt, COE can buy from SVI
3.Both like it -
4.Both dont like it
Due to the first few options either side will not be rushing to release findings to the market before they discuss/negotiate way forward between themselves.
Of all these options I would be happiest with the 3rd
I agree the next 6-9 months should be good for COE
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- interesting article.
interesting article., page-7
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