tazerka 78 million barrels of oil in place, page-20

Na, you are still crying when you said to buy high in the 80's according to EL's post. Don't blame management for your losses. Gurame was a 75% chance. If you think 75% chance is 100% then go to the casino and bet on 75% chances. You will find out you will lose sometimes. Like ronisteb says ultimately binary outcome 1 or 0. I know maths isn't your strong point when you want cooper to dilute their cash with a share buyback which will have no real long term effect on the share price. Go and buy SAE if you want a small oiler buying back their shares. Don't see their price going ahead in leaps bounds of coopers.

Just because Gurame was a dud well does not mean their pre drill analysis and assessment of their chances was misleading. Nature of the industry.

Anyway you think Mike Scott on one hand is too conservative to make acquisitions at the moment in this oil price environment but too aggressive when he supposedly wasted money on drilling on Kurnia 11 million and Gurame (A hindsight assessment cause they were dud wells). Make up your mind please.

Interested in your business plan? LOL
What would you do with the 70 million besides your boring buyback suggestion?