COE 3.33% 62.0¢ cooper energy limited

copper energy >> promising drilling, page-2

  1. 1,747 Posts.
    According to their press release, Cooper Energy now own 500,000 bls of oil in their two successful wells. There are possibly four more to be drilled in this highly prospective area.

    The oil pockets are not large, but they are reliable and on completion of the drilling program, I would expect that COE could easily double it's reserves.

    They currently have 5 cents per share cash and can meet all their drilling costs. With cash flow from Sellicks production and now Christie being brought on line by the end of the year,COE is becoming a success story.

    I have a few.

    Regards M.
 
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