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COE 46.0¢

looks like a good result all round for coe

  1. jocam9

    1,317 Posts.

    While I haven't seen this morning's press announcement yet, Aspect Financial freezes my computer when I try to open the ASX's releases, I take it they have found gas and some condensate at the lower levels, ie. in the primary target. Has obviously been a great drill for STU and COE and you would think a company maker for the latter. Remains to be seen now what the reserves are at Worrior 1 and what the discovery does for the prospectivity of the immediate area.
    Seems to me to be more and more parallels with what ARQ has accomplished in the northern Perth Basin with good chance that COE's shares will appreciate in coming months as this and Christie's go into production. And that doesn't take into account the possibility of further strikes with remaining wells. This one is now one to hold IMO.

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