COD 1.41% 7.0¢ coda minerals ltd

Just reading the economics slide in the presentation which look...

  1. tjy
    61 Posts.
    Just reading the economics slide in the presentation which look pretty good to me.

    Poland costs $1m to acquire , has had US$9m spent on it already for the sellers 24% for drilling and testing to de risk it.

    Cossack then spends circa $1.2m to frac it out and tie it in to production to get cash flow of $8m to the company for around 20 years and then on the full field it is cash flow of $38m !!! And thats using 1.6mcf per day, they already flow tested 1.4mcf per day from 1 zone and we are about to open up ALL of them so the numbers will probably get a lot better

    You could debt finance the field development if you tie in production on this upcoming well

    Pretty darn good I reckon with a market cap of $10m and a farm out looking as though its on the cards for Ukraine
 
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