I don't mind contrarian views, but how about some analysis on...

I don't mind contrarian views, but how about some analysis on which to base your prediction?
You might as well call a low price like 1c ?

even with the low oil price, COE is still generating cash flow, has cash of $36m or almost 11c per share!
so where do you get a figure of 12c ??

it has the Sole and Manta gas assets plus Orbost gas plant.
the Sole /orbost project is about to go to FID.

It is about to sign new gas customers for l/t contracts.
its future is squarely aimed at domestic gas - not exporting oil or LNG.

downramping is good for me, as I will keep hoovering up shares.