COE 0.00% 19.0¢ cooper energy limited

Oliey,Agree.Plus as it has been drilled and produced, rushing...

  1. 13,976 Posts.
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    Oliey,

    Agree.

    Plus as it has been drilled and produced, rushing into drilling may not be the most prudent way of obtaining the information required to put together a development plan.

    I suspect seismic, reservoir studies and perhaps establishing additional nearby reserves would be the more prudent approach, and then getting a suitable rig slot is no trivial exercise. Getting govt approvals could also slow things.

    I am glad that we do not have a bunch of gungho cowboys rushing around trying to run the show. Although I must admit to the bias of crediting our management and JV partners with more commonsense than some posters do.

    EL

 
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