so last month to June was average daily prod'n of 54.2tjd.
Assuming last 3 days of July are 60tjd each, then average daily prodn for July will be 55.7tjd.
If we assume those last 3 days are 65tjd, then that average for July would be 56.1tjd.
Either way the average production for July will be better than June.
So it appears that each month Orbost prod'n is improving.
That will be why COE share price is holding steady around 22c, because the Instos are confident that COE can get that daily average closer to nameplate.
And of course that has important implications for cashflow.
COE appears to be intent on developing Otway (old OP3D) and drilling extra wells.
Any gas into the East Coast market will be at higher prices.
so last month to June was average daily prod'n of 54.2tjd....
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Last
17.0¢ |
Change
0.005(3.03%) |
Mkt cap ! $448.8M | |||
| Open | High | Low | Value | Volume |
| 17.0¢ | 17.5¢ | 16.8¢ | $645.7K | 3.796M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 806590 | 16.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.5¢ | 173333 | 2 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| COE (ASX) Chart |