Just reading the economics slide in the presentation which look pretty good to me.
Poland costs $1m to acquire , has had US$9m spent on it already for the sellers 24% for drilling and testing to de risk it.
Cossack then spends circa $1.2m to frac it out and tie it in to production to get cash flow of $8m to the company for around 20 years and then on the full field it is cash flow of $38m !!! And thats using 1.6mcf per day, they already flow tested 1.4mcf per day from 1 zone and we are about to open up ALL of them so the numbers will probably get a lot better
You could debt finance the field development if you tie in production on this upcoming well
Pretty darn good I reckon with a market cap of $10m and a farm out looking as though its on the cards for Ukraine
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- poland $2.2m spend = $8m to $38m cash-flow
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Just reading the economics slide in the presentation which look...
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Last
8.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $20.71M |
Open | High | Low | Value | Volume |
8.3¢ | 8.3¢ | 8.2¢ | $5.584K | 67.53K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 3644 | 8.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.3¢ | 37192 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 3644 | 0.082 |
1 | 61316 | 0.081 |
3 | 56550 | 0.080 |
1 | 316107 | 0.079 |
1 | 100000 | 0.077 |
Price($) | Vol. | No. |
---|---|---|
0.083 | 37192 | 1 |
0.084 | 50000 | 1 |
0.085 | 17595 | 2 |
0.086 | 138823 | 1 |
0.087 | 31111 | 2 |
Last trade - 16.10pm 30/07/2025 (20 minute delay) ? |
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