negative enterprise value per barrel, page-13

Hi trader,

And you hit the nail on its head if it was not for the spp they would have far less cash in the kitty.

So why put a negative spin on this exercise I think it was very prudent of management to have this SPP and make hay when the sun shines.

My only worry was there investment in COE I never saw the value. All those others was always a gamble and could have come good if they would have hit pay dirt.

So I am not one who is going to blast management for their actions, they have done well in the Cooper and try to spread their wings.

Just have a look at STU who also tries to leave the Cooper although saw the need much later then COE, have they faired any better??

Its never been an easy game to find the black stuff but as long as they keep trying and have the money to do so one day they will bring home the bacon.

And remember if oil stays this low for a longer time then we will see much more pain across the sector.

jojo