Hi all
Confirmed that Bargou spend in higher spend scenario 2 is only for the onshore prospect, which may be farmdown and free carrried but COE will consider whether its worth not farming down from a risk reward perspective, as it may be worth taking on this one themeselves.
Very good resiliance recently given the recent fall in the POO. I think the high cash backing is starting to pay off.
I bet my bottom dollar(thats all I have left) that COE will announce a new venture by years end.
Anyone want to take a punt as to how much cash we will have end of this quarter. By guess is 81 million of cash equivalents or 31.6 cents per share.
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