COE 0.00% 20.0¢ cooper energy limited

production and revenue tsunami, page-2

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    The followup media rpt has FY 2008 production around 375kbo

    This equates to 78kbo net to COE for June qtr which is down 30% on Dec and Mar qtr production of 115kbo/qtr.

    However POO is up 30% so revenue will remain strong

    Obvious culprit for production decline in June qtr would be Worrior imo.
    It got a nice boost in Dec/Mar qtrs from Worrior 5-6 appraisal wells but I guess those flow rates have come off.

    Callawonga/Parsons will more than compensate for that in Sept qtr 2008 and its all good imo as far CB activities go.

 
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