It would be nice if they could farmout a portion of the 45% interest they have, just to reduce the costs a touch.
So nothing to note now until at least Feb 2007.
Seems like an awful long time for COE however nice to see management will stockpile earnings from producing wells rather than spend.
Then again they might announce something in relation to spending that cash pile.
I believe this is still reasonable if not better value in comparison to many other smaller oilers.
pulse.
It would be nice if they could farmout a portion of the 45%...
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20.5¢ |
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Mkt cap ! $541.2M | |||
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