Having been a holder of COE since it hovered in the 0.20 a...

Having been a holder of COE since it hovered in the 0.20 a couple of years ago I find it hard that the market has not realised the value of this junior oiler.

In comparison with the many other small oilers listed on the asx, cooper has made its money when oil prices were at record levels.

They continue to explore and have made some relatively modest discoveries in recent times.

They have OIL (not gas) reserves and ongoing production.

Cooper have international acreage and will be participating in drilling a 190mmbo target hopefully first half 2007.

If this isn’t enough they have approx 18mill in the bank and purchased a percentage into another junior oiler (Mosaic.) The reasons for this should be interesting if not lucrative, time will tell.

3D completed in a highly prospective part of the cooper basin with drilling later this year.

When will the smart money make its move?

My opinion only ,all the best and please DYOR.

Pulse.