They are not likely to find more oil in the Permian basin deeper down, but with the way their luck has been running, you can never tell.
On the other hand, they did already hit
- 1600 bbl/day
- 400 bbl/1200 bbl water
- 2800 bbl/day
- 7.3 million cubic feet of gas.
I believe it is fairly safe to say that all that put together is probably in the multiple millions of barrells recoverable.
Next, we have the Kiwi well, which has similar geology to Worrior ... but who can tell if oil migrated thataway.
COE also have 25% of Kiwi.
Me, I think COE now has an underlying value of 35 cents. STU I put at a buck twenty five.
looks like a good result all round for coe, page-3
-
- There are more pages in this discussion • 10 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add AEL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
17.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $448.8M | |||
| Open | High | Low | Value | Volume |
| 17.5¢ | 17.8¢ | 17.0¢ | $418.7K | 2.438M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 890391 | 16.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.5¢ | 491589 | 6 |
View Market Depth
| Last trade - 16.10pm 13/11/2024 (20 minute delay) ? |
| AEL (ASX) Chart |