I have a question re COE’s 25 to 30% equity interest spread across 6 permits in the Cooper Basin.
For example, COE owns a 30% stake of PEL93 ( Worrior and Arwon wells ) and STU owns the other 70%.
Worrior 1 and 2 are 70% STU and 30% COE but Arwon is 88.2% STU and 11.8%COE.
Why the difference in share??
Does this mean that farmin agreements are quite complicated affairs and the simple 30 / 70 % split in this example can mean a lot of different things?
comments anyone please
farmin agreements??
Add COE (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
20.5¢ |
Change
0.005(2.50%) |
Mkt cap ! $541.2M | |||
| Open | High | Low | Value | Volume |
| 20.0¢ | 21.0¢ | 19.8¢ | $1.236M | 6.124M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 120482 | 20.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.0¢ | 112143 | 2 |
View Market Depth
| Last trade - 16.10pm 10/06/2024 (20 minute delay) ? |
|
|||||
|
Last
20.5¢ |
Change
0.005 ( 0.20 %) |
||||
| Open | High | Low | Volume | ||
| 20.0¢ | 21.0¢ | 19.5¢ | 7301734 | ||
| Last updated 15.59pm 10/06/2024 ? | |||||
| COE (ASX) Chart |