COE 0.00% 32.5¢ cooper energy limited

pel88 ::: 102.4mmbls

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    Anyone seen the PEL88 (Cooper Basin) farmout flyer on the COE website? There are several ready to drill prospects in this block with undiscovered recoverable hydrocarbons of 102.4MMbls including one target, Lancier, with a P50 of 42.8MMbbl. Wonder why we haven't heard anything about this and what their plans are for drilling it ASAP..!

    Prospect Lancier:
    * Few comparable size prospects available
    * Low cost/high reward opportunity
    * Very large, faulted, four way dip enclose
    * Multiple reservoir targets
    * 42.8MMbbl
    * 7% POS

    http://www.cooperenergy.com.au/company/farm/Farmout_Flyer_March2007_PEL88.pdf
 
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