COE 2.22% 23.0¢ cooper energy limited

Back of the envelope numbers here.Completed Cooper wells cost...

  1. 2,834 Posts.
    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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