p.e ratio , page-7

I have chaecked out page 6 many times

On this page you will find the figure I am quoting - the 55 million exploration spend over the next 2 years.

Shasta you need to understand oil compnaies what the production curve looks like and the impact of new finds on this. All you need is one Parsons discovery every 16 months and production of 350K barrels per year will occur forever.

There is a very strong likelyhood that cooper will find additional discoveries in the cooper basin to ensure they have 20 -30 million to spend not for the next two years but for the next 5 and 10. With that level of exploration at some point they will discover some serious oil.

Note also in the report that Coopers cash does not decrease even after 55 million of exploration (assumiong %90 oil price)

if this dosent make sense go back a couple of years and read the Cooper releases, you will grow to appreciate what a strong position they are in