Back of the envelope numbers here.
Completed Cooper wells cost $1.7m, Cooper tend to have 25% equity in any given drill they are involved in.
Thus, Cooper need to pay in call it $400k.
Cooper produces at 900 bopd at net A$30/bbl, for $27 000 a day.
Wells take 15 days to drill.
Thus, when Cooper is involved in a drill, it pays for it out of cash flow.
When Cooper isn't, they take a satchel full of cash, and throw it on the pile with the others.
I'd believe the company's numbers, if oil prices stay at or about their current level.
Ian Whitchurch
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Last
22.0¢ |
Change
0.005(2.33%) |
Mkt cap ! $583.3M | |||
| Open | High | Low | Value | Volume |
| 21.0¢ | 22.5¢ | 21.0¢ | $1.245M | 5.690M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 100000 | 21.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.5¢ | 456234 | 13 |
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| Last trade - 16.10pm 04/07/2025 (20 minute delay) ? |
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