report on hammermet for coe april 2012

This is not new but many will be interested in the figures being used.
Sorry i tried to upload all of table 2 but couldn't. It was written in April 2012 and its main parameters are quite interesting and summarised below..

http://www.cooperenergy.com.au/images/files/COE_valuation_update_by_Octa_Phillip.pdf

Valuation Parameter Unit P50
Recoverable oil Mn bbls 111
Initial rate Bopd 45,000
Decline % per annum 15%
Project life years 17
Development Wells 12
Development CAPEX US$ mn 530
OPEX US$/annum 27
Maintenance per annum % CAPEX 1%


Source: Octa Phillip Securities estimates