yep, they are not my figures - they came from COE preso, and...

yep, they are not my figures - they came from COE preso, and preso stated that the cashflow figures were broker estimates.


my price targets? - no particular number in mind - but way north of here. This investment is long term for me.
I tried to work out cashflow and profits way back, but gave up. There are various broker reports around.
I can see a "Santos" look-a-like emerging from this point.
from 2020 the cash generated from COE will be significant, and I am certain they will use it to expand.
It will start sooner rather than later, because they are telling us, that East Coast gas will be short supply - and in order to fill that shortage takes a long lead time - so they need to start things rolling now.
So I think COE is already seriously looking at expansion opportunities.
they allude to thia in this preso - in 2018 and 2019.

they have already started to identify those prospects around the Otway. So more wells to be drilled there.
Of course we have Manta in 2019. Thats will be big if successful.
There were dozens of prospects around C/H.
They will do these wells whilst OM is in area. Surely they won't allow OM to go back to other side?
Well managed with good cash flow.

I think that the results of Sole well drill will be the catalyst for everything at COE.
Once Sole gas flow rates are confirmed, then that sets stage for next expansion.
it will trigger a farm-out and cash inflow from farminee.
it will firm up cash flow from production.
so it will provide assurance to COE to start more drilling expansion.