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
22.5¢ |
Change
-0.005(2.17%) |
Mkt cap ! $607.2M | |||
| Open | High | Low | Value | Volume |
| 23.0¢ | 23.0¢ | 22.5¢ | $20.76K | 90.51K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 22 | 663211 | 22.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.0¢ | 679197 | 30 |
View Market Depth
| Last trade - 12.31pm 27/05/2024 (20 minute delay) ? |
|
|||||
|
Last
22.5¢ |
Change
-0.005 ( 0.40 %) |
||||
| Open | High | Low | Volume | ||
| 23.0¢ | 23.0¢ | 22.5¢ | 20602 | ||
| Last updated 12.28pm 27/05/2024 ? | |||||
| COE (ASX) Chart |