Market Talk, page-53

COE is at a "sit and wait stage" with the exception of getting the East Coast Supply project contributing to growth.

By 2028 the profit margin and volume of sales will increase substantially.

In the mean time, COE share price has been absolutely savaged, sure pay day down debt but allocate some cash to buy back shares before the horse has bolted after 2028.

Paying a divided with 2.4 billion shares on issue ? Absolutely laughable at realistic net profit after tax with current and future production event at increase margins and volumes.

Even with constrained cash flows due to legacy contracts, any growth attempts would be tokenistic.

Yes, we don't pay management to do buy-backs but considering the right circumstances, I'd rather do buy-backs at a low price, then take risks poking more multi-million dollar holes in the ground with exception to the East Coast Gas Supply project.