COE 0.00% 18.0¢ cooper energy limited

qn for long term holders, page-56

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    VWAP was 127 yesterday and closed at 137, it was very strong in the afternoon.

    I wouldn't be hugely concerned about mud seepage into the well. They went in with a light mud, which caused an influx into the well. Since then they've been working hard to get the mud weight "on balance" which means it exactly equals the pressure in the well so none is lost into the reservoir. This is partly why they're taking so long to drill such a short distance because they have to keep stopping to adjust the mud weight to maintain the pressure balance. Looks like they've learnt a lot from drilling through the secondary target and they're being a lot more careful this time around...
 
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