COE 0.00% 17.0¢ cooper energy limited

Well, well, well. Sounds like a Manta-3 well and a Henry well...

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  1. 6,942 Posts.
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    Well, well, well.
    Sounds like a Manta-3 well and a Henry well are firming-up for late 2019.
    Plenty of interest from buyers, prices strong, synergies identified, cost of drilling still attractive.
    Also by then COE will have cashflow from startup of Sole.

    So still plenty of growth left in COE after Sole begins production.

    "Manta The business case for the development of the Manta gas field has been reinforced by gas supply and demand forecasts, customer enquiries, detailed knowledge of cost reductions acquired through conduct of the Sole Gas Project and identification of the synergies available between the Sole and Manta projects. In particular, project economics for Manta development have been enhanced by the combination of strong gas prices and demand together with anticipated reductions to the cost of drilling and offshore equipment and services. Current plans include the drilling of an appraisal well, Manta-3, which will also test the Manta Deep exploration prospect. Planning has been initiated for the drilling of Manta-3 within a late 2019 offshore drilling campaign that, subject to joint venture approval, would also include the drilling of a development well on the Henry gas field in the Otway Basin and exploration drilling in VIC/P44."
 
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Last
17.0¢
Change
0.000(0.00%)
Mkt cap ! $488.4M
Open High Low Value Volume
16.5¢ 17.0¢ 16.5¢ $173.7K 1.025M

Buyers (Bids)

No. Vol. Price($)
24 854516 16.5¢
 

Sellers (Offers)

Price($) Vol. No.
17.0¢ 51212 3
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Last trade - 16.10pm 11/11/2024 (20 minute delay) ?
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