COE 2.78% 37.0¢ cooper energy limited

cooper energy (moana-1)

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    I thought this might be interesting. Cooper Energy -2003 Drilling Programme. Page 1st Paragraph. In addition, It should be noted that Moana-1 is scheduled to be drilled in May 2003. The mMoana-1 prospect extends across the boundary between PEL 92 ana PEL 107 and is located between theSellicks-1 oil discovery and the Lake Hope oil fields, As the structure lies across both permits any commercial discovery will require an unitisation agreement between the PEL 92 and PEL 107 parties. This means if they find oil, some of it belongs to Coe. So it is costing them nothing unless there is something there.
 
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