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stolwyk
22-04-2005, 03:27 PM
Website:
http://www.cooperenergy.com.au/

Chart:
http://bigcharts.marketwatch.com/javachart/javachart.asp?symb=AU%3ACOE&time=&freq=

Shares: 137 mill and 9.8 mill Manag. options. Share price: 26.5 cents

15 Febr 2005: Profit for the 6 months to Dec 31: $4.28 mill:
http://stocknessmonster.com/news-item?S=COE&E=ASX&N=282337


March 8, 2005: Kicks off campaign with Kitson:
http://stocknessmonster.com/news-item?S=COE&E=ASX&N=284271

21 April: Third Quarter Activities & Cashflow Report:
http://stocknessmonster.com/news-item?S=COE&E=ASX&N=287868

21 April: Powers up profit & production:
http://stocknessmonster.com/news-item?S=COE&E=ASX&N=287869

TEXT: COOPER POWERS UP PROFIT AND PRODUCTION.
Cooper Energy today reported an unaudited third quarter net profit of $6.3 million and accrued cash reserves of approximately $19 million.

The profit result was 50% higher than the total audited half year net profit to 31 December 2004 of $4.2 million, due to record production for the quarter of 130,962 barrels of oil, up 43% on the second quarter, and higher received oil prices.

CEO of Cooper Energy, Mike Scott, said that production at 1,400 to 1,600 barrels of oil per day was well above initial forecasts as the Worrior field was running at maximum production.

“We are expecting the Christies field to be running at maximum production during the next quarter, following the commissioning of the Tantanna offload facility later this month,” said Mr Scott.
“If the oil price, Australian dollar and production remain static, Cooper is on track to record a net profit before tax in excess of $13 million for the full year.

“This figure even allows for the full write off of the two upcoming wells, Kitson-1 and Redbank-1.
“A highlight of the promising profit outcome for the year to date is the premium being received for Cooper Basin oil, which is benchmarked against the Tapis price, a light sweet crude price for oil traded in the Asian region,” he said.

Mr Scott said the company was looking forward to the upcoming Cooper Basin drill program commencing with the potentially large wildcat well, Kitson 1, scheduled to spud on 3 May 2005.

Kitson-1 (Cooper 30%), located in PEL88 approximately 200 km north northeast of Moomba in South Australia, will test two structures with assessed potential undiscovered mean recoverable reserves of 5.2 million barrels of oil.

Mr Scott said Kitson was the first of a now expanded possible ten well program that had been prioritised from a large number of prospects identified from interpretation of seismic data shot during 2004.

“The upcoming 2005/2006 drilling program will provide investors with leverage to potential undiscovered recoverable reserves of 23.8 million barrels of oil,” he said.

++++++++++++++++++++++++++++++++++++++++++++

Quote:
"If the oil price, Australian dollar and production remain static, Cooper is on track to record a net profit before tax in excess of $13 million for the full year".

Comment: In that case I am looking at NPAT of say $11.5-$13 mill after tax, an E/S of say 8.39-9.49 cents or a P/E of 3.2-2.8 based on the current 26.5 cents/share. (There are 137 mill shares).

The Company has ample cash reserves and will be drilling plenty of prospects as outlined. Expect some dry wells as well.


Gerry
Readers, please do your own research and you decide if and when to buy, hold or sell any stocks.
I hold COE

Cooper
22-04-2005, 03:33 PM
And well you should with a name like that, Gerry! Have looked at Cooper in the past (for some pretty obvious yet childish reasons) and I like them, but chose not to invest because of alternatives. One to watch

stolwyk
22-04-2005, 03:49 PM
I was still doing a few calculations while you posted. I have EXR as well. And you have too, I believe.

So, Mr Cooper, what better alternatives are there to Cooper E.?


Cheers,


Gerry

Cooper
22-04-2005, 03:55 PM
I preferred NEO in the very short term, but this is subject to future developments of course.

stolwyk
22-04-2005, 04:05 PM
I looked at that; what about NDO?

Cooper
22-04-2005, 04:12 PM
Yeah, Mick100 suggested that but I haven't yet got around to having a proper look. I certainly see the attraction of being overweight in oil/gas at the moment, but I'm also holding back from investing in any new companies because of the current market instability.

Own NEO and EXR, and have VPE, NDO and COE on the watchlist. I have not really done proper research on these last three though, just brief looks. What was your opinion on NEO?

stolwyk
22-04-2005, 04:29 PM
That was quite some time ago, I looked at NEO. I like COE as it stays at home, is similar to STU as both drill in the Cooper Basin.

Don't like to hold too many small companies operating in deep water unless they can farm out and get a free carried interest. I do think that EXR has some good potential in this case.

I am not keen to further comment on NEO and NDO (H/C favourites) unless I do more study on these.

stolwyk
22-04-2005, 04:49 PM
8 March: Kitson-1 Exploration Well Information Memorandum:
http://stocknessmonster.com/news-item?S=COE&E=ASX&N=284269

(Takes a while to run it)

Cooper
22-04-2005, 04:51 PM
Fair enough Gerry, that's probably wise given you have to defend most of what you say.
Appreciate the info on COE, and if you do have a look at NEO or NDO I would appreciate your point of view.

Moonshine
22-04-2005, 05:01 PM
Hi Gerry,

I noticed in that article that the chances of success for the three different possible geological structures are 4%, 12% and 20%.

These seem like very low probabilities to me to warrant excitement.

Are these probabilities normal in Oil exploration from your experience?

Thanks,

stolwyk
22-04-2005, 05:59 PM
Cooper,

As to defending what I say, there is no difference here or at H/C. But people may invest on the information given, so care is needed. In the meantime, I would follow EXR to see how they manage to farm out.

They are busy with the AIM listing I believe and could create some additional capital but may try to enlarge the North Sea acreage as well. It is still too early to make comment apart from suggesting that they are a pretty shrewd team.

stolwyk
22-04-2005, 06:29 PM
Moonshine,

I would have expected a somewhat larger probability, however where there is increased risk, there will be more partners, I believe there are 3 participants?

There are a large number of wells to drill with varying risks, what the end result will be, I don't know. STU was successful till they struck a dry one, a well with a supposedly large number of barrels.

Of course, if you strike say 2 mill fully recoverable barrels for the whole year, that is a lot of cash!

There are 2 aspects to COE. First, they are producing more with time, hence their profits increase. The P/E's are based on this but may or may not take account of the licence value.

On the other hand they need to replace sold production so they need some success, more so if the oil price fell.

The current share price may reflect the risk taken with the first hole or it may not. The share price may rise if oil rises further. It is posible that it may drop a couple of cents if it is a dry hole.

I only invested half of what I intend to invest once this hole has been finished.

Still, there is always risk. I actually took this stock from the H/C archives, so I won't claim that I thought of it first.

And as Cooper mentioned, he has others to be looked at as well.


Cheers,

Gerry
Readers, please do your own research and you decide if and when to buy, hold or sell any stocks.

Mick100
22-04-2005, 08:18 PM
They are producing and have good income for a junior. Only 1.18 m barrels in reserves - on the low side i think

They must succeed with future drilling or else current earnings are going to evapourate fairly quickly.

.

Moonshine
22-04-2005, 09:28 PM
Thanks for your response Gerry.

I guess that I was surprised at your enthusiasm for this stock,... correction... this "spud", given that the maximum possible return is 20MMBL, and the maximum suggested probability is 20% let alone 12% or even 4%.

If it was a max return of 100-200MMBL or a sizeable find like that, then I could understand the enthusiasm of the drill.
But given that it would cost the same to drill the well, given the geological possibilities down there, probabilities of 4%-20% seem like very little to get excited about given the smallish anticipated return.

Now for the same cost of drilling the well, and to publish potential recoverable reserves of 100-200MMBL then yes, that seems like a risk worth taking.

The risk would be the same, but the return greater.

I recall the VOY drilled last december on a potential field of 300MMBL. Unfortunately it turned out to be a dud, but like COE, VOY has a steady stream of income from producing fields and is very comparable to COE.

Where am I going with all this...???

I was just surprised at your sudden endoresement of COE when there have been others before it that have gone unmentioned.

Good luck.

stolwyk
22-04-2005, 10:44 PM
Moonshine.

You wrote: But given that it would cost the same to drill the well, given the geological possibilities down there, probabilities of 4%-20% seem like very little to get excited about given the smallish anticipated return.

Comment: It costs $1.8 mill to drill that well and COE will pay a portion of that:

"Kitson-1 (Cooper 30%), located in PEL88 approximately 200 km north northeast of Moomba in South Australia, is expected to spud around 21 April 2005, take 18 days to reach the planned total depth of 2,205 metres and expected to cost $1.8 million".


Your: "If it was a max return of 100-200MMBL or a sizeable find like that, then I could understand the enthusiasm of the drill".

and: "was just surprised at your sudden endoresement of COE when there have been others before it that have gone unmentioned".

Comment: I find it difficult to comprehend your reasoning. I can't be in all companies but have been in STU and am now in EXR and COE.

And those 100-200mmb?

Never mind.

Mick100
22-04-2005, 11:18 PM
gennerally I like the look of this company

The drilling program doesn't look high risk(relatively speaking) to me at all. I would rate it "average" risk.

I prefer to invest in these sort of co's that go for smaller,lower risk targets rather than big high risk targets

I'v also noticed, from my experience with junior oilers, that companies which have current producion seem to enjoy a higher success rate with their drilling programs.

.

stolwyk
23-04-2005, 12:04 AM
Cooper 2004 and 2005 Drilling Schedule:

http://stocknessmonster.com/news-item?S=COE&E=ASX&N=275533

4-6 holes in calender year 2005 and also in 2006

stolwyk
23-04-2005, 12:49 AM
Last year COE started drilling on 19 April and they completed 5 wells in calender year 2004.

Prior to that in 2003, they had one successful hole: Worrior 1 and another, Christies 1. Both became oilfields.

In 2004, they drilled Worrior 2, about 250 m from Worrior 1 and that was successful: The Worrior Oilfield was established.

They also drilled Christies 2 (About 280 m from Christies 1) and Christies 3, about 300 m from Christies 2. These 3 wells formed the Christies Oilfield.

In the beginning they drilled Acacia Grove 1 in a different area and it was dry. Later they drilled ARWON 1, a small producer but it was capped for the time being.

2005-April:
Now they are ready to start drilling Kitson 1 in a new location.

Source: Stocknessmonster Announcements


Gerry

Moonshine
25-04-2005, 05:01 AM
Gerry,

You wrote:

"Last year ..."

"Prior to that in 2003, they ..."

This is all old news... why are you bothering to re-hash old news that the market is already aware of??

The value of this company (shareprice) must surely take into account these statistics that are already one/two years old.

So therefore... what is the point of re-hashing old "find's" by the company to 'ramp' the shareprice a little bit??

Seems like low blows to me.

Oh... and by the way...

"And those 100-200mmb?

Never mind."

Never mind what...??! You simply didn't answer/tackle the challenge laid to your initial diagnosis of COE.
Your posts maintain that they are a good buy... very little apart from old news to support you there.

My point was that YES... if there was sufficient reward to warrant a sudden splash out on a speculative stock like COE, then yes... go for it.
But, given the minute potential of the find for such an "average" risk-reward ratio... one is better placing a 'bet' elsewhere!

Again... good luck to yah!

yogi-in-oz
03-07-2005, 05:34 PM
:) :) :) :) :)


Hi folks,

COE ..... we will be looking for some positive news
out of this camp, over the next couple of days ..... :)
04072005 ..... positive news here ...???

28072005 ..... 2 cycles here, also looks positive .....

Near the end of August, COE may bring in a
significant (oil?) well ..... more positive news ???

Potentially, COE may be around 40 cents by 13092005 ...???

More about that later.

happy days

yogi



:) :) :) :) :)

tracker
28-07-2005, 07:20 AM
well good day yesterday

been watching for a while, chart wise at least and yesterday looked like the beginning of a breakout.
quality buying, with house broker in there as well
vol also kicked in, so all in all looking forward to the price going higher
holding from slightly lower levels in anticipation of this

stops as lawyas
tracker

nelehdine
28-07-2005, 02:18 PM
Looking a bit weak today ... good volume going thru at 30c. Am waiting to jump in having just discovered. Will wait hopefully until a dn day in the oil market and try my luck at 27/27.5c

tracker
28-07-2005, 04:58 PM
smacko ey nel lol
sold 31

will try again
def didnt hold up as thought would

tracker

nelehdine
29-07-2005, 08:48 PM
Good selling Tracker ... closed at 29.5 this evening. When Beach Petroleum came out with their announcement yesterday I thought it was very positive. When the stock resumed trading and was sold off 5.5c to 68 I jumped in. Was nicely rewarded today with close at 72.5, COE is another Coopers Basin company, STU were very positive about the location today, I just think with COE that they have a way to go before you get the excitement of a "company making" deal/exploration program. I think BPT are almost there ... yesterdays deal pushed them further into the "serious E & P" class ... I can see $1 inside 12 months ... 40% gain on tonights close. Still excellent upside but with a sizeable stable cash-cow in the Coopers acreage to see them thru the to the next 5-10m bbl p.a. stage.

lewinsky
02-08-2005, 07:35 AM
Hi Nelehdine,
I agree with your view on BPT and I am a holder of both BPT and COE. BPT generate cash from production and actually pay a dividend.They appear to reward shareholders as well as plough back cash into new drilling programs.Their option offer last year was also a nice reward.
I am really concerned about what the price of oil could be by year end and have bought into BOW,BPT and COE plus exposure into oil related stocks IMD and PCG. I was wondering whether to start a topic "Oil Prices-Yeah Right" with people picking the price of oil at year end. I will put up 2 dozen Tui beers to the winner. I am picking it could reach $100 a barrel. Why?
Demand out of China. Uncertainty in the Middle East,Iraq,terrorists,death of King in Saudi.If I am right then what impact does this have on other non oil stocks -Air NZ? If the Kiwi slides against the US how much will be paying per litre by year end.
If BPT does hit $1 by year end I'll be using the profits to fill up my car.Can't win really.

lewinsky
02-08-2005, 07:45 AM
And it ain't just me.
http://www.mlive.com/business/kzgazette/index.ssf?/base/business-2/112290961776890.xml&coll=7

nelehdine
02-08-2005, 10:09 AM
I must be one of the few motorists in NZ that smiles every time the pump price goes up another 3c ... with 98% of my share portfolio off-shore and 28% of that in oil stocks either the kiwi$ has fallen or the POO has risen ... Ka-chingo either way. !!

Disc: Hold AMU,BP,BHP,BPT,ROC,OSH

stolwyk
23-08-2005, 02:50 PM
World Energy News - Item [69521]: News Release
Cooper Energy awarded prospecting permit over Bargou Block, offshore Tunisia
Cooper Energy has been awarded a prospecting permit over the Bargou Block in the offshore waters of Tunisia, North Africa, adjacent to a number of onshore and offshore oil and gas/condensate discoveries.

The 4,600 km2 Bargou Block is situated in the shallow waters of the Gulf of Hammamet off the east coast of Tunisia in the southern Mediterranean Sea.

Cooper has 100% of the licence for an initial two year period, as a prospecting permit, and has committed to spend approximately US$1.25 million to reprocess 5000 km of existing 2D seismic data, as well as acquiring a minimum 400 km of new data.

The deal comes hot on the heels of the company's maiden unaudited full year net profit of about $13 million and reported cash reserves of $22 million, allowing Cooper to seek out quality opportunities.

Cooper Energy CEO, Mike Scott, said the Tunisian deal provided a low cost, low risk entry into a proven hydrocarbon region and further builds the company's exciting and growing exploration portfolio.

"This award is in line with our stated focus of building a quality exploration portfolio in North Africa and South East Asia, consistent with our management and technical skill set," said Mr Scott.

"A preliminary data room review has demonstrated that the Bargou Block has existing hydrocarbon prospects and we expect to further enhance the prospectivity of the block through our seismic reprocessing and acquisition and technical abilities."

"The shallow waters and ready access to markets significantly lowers the cost of commercialising any discoveries made in the block," he said.

After the initial two year period, Cooper has the option to convert the permit into an exploration licence with a five year term. If Cooper opts to convert, it must spend approximately US$8.4 million on acquiring 200 km2 of 3D seismic data and drilling one well.

Tunisia, located between the prolific oil producing countries of Libya and Algeria, is an established oil and gas producer with production of 80,000-100,000 barrels of oil per day over the past decade.

An excellent network of oil and gas pipelines covers Tunisia, with five major gas exporting lines to Europe via Sicily. The Bargou Block has easy access to nearby onshore gas pipelines and the major shipping port of Sousse, located on the western boundary of the permit area.

For further information, please contact:

Mike Scott
CEO
Cooper Energy
Tel: 08 9368 5833

Jim Ward
Ward Holt Corporate Communications
Tel: 08 9221 8722

Topics: Project Countries: Australia; Tunisia
Industries: Oil And Gas Industry; Exploration & Production
Reference: Company news item Contact E-mail Address: N/A
--------------------------------------------------------------------------------


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stolwyk
05-09-2005, 01:16 PM
Cooper Acquires 45% stake in South Madura Onshore PSC

http://stocknessmonster.com/news-item?S=COE&E=ASX&N=298235

Crypto Crude
24-04-2008, 01:25 PM
anyone following Cooper Energy, COE....
I watch them all...
it felt like it was only few weeks ago that poor little cooper was over 80c, now its below 50c...
anyone care to guess when this will bottom out...
:cool:
.^sc

Dr_Who
24-04-2008, 01:32 PM
Why the sudden drop in sp? Euroz Securities has a valuation of $1.04.. LOL

clearasmud
24-04-2008, 07:07 PM
anyone following Cooper Energy, COE....
I watch them all...
it felt like it was only few weeks ago that poor little cooper was over 80c, now its below 50c...
anyone care to guess when this will bottom out...
:cool:
.^sc

wish I had lightened at 85c...
Shrewd imo 45-46c will be the bottem.Imo significantly below fair asset value which I feel is 50-65c.
They have about $75m net cash or near cash and 1.6-2.0mm bbl oil reserves worth $35-$50 npv. shares 253million.
They still have big exploration upside in indonesia and Tunisia as well as the Cooper.
Lower risk entry now imo.
however no big wells to be drilled till 2009?
But domestic production is set to increase this year.

http://www.stocknessmonster.com/news-item?S=COE&E=ASX&N=398589

tricha
25-04-2008, 02:02 PM
anyone following Cooper Energy, COE....
I watch them all...
it felt like it was only few weeks ago that poor little cooper was over 80c, now its below 50c...
anyone care to guess when this will bottom out...
:cool:
.^sc

It bottomed yesterday, hence I bought into them Thursday at .775 cents, now cheap and over sold. ;)

Dr_Who
28-04-2008, 10:43 AM
It bottomed yesterday, hence I bought into them Thursday at .775 cents, now cheap and over sold. ;)

Why the sudden drop in sp and do you think it is cheap at these levels?

tricha
28-04-2008, 08:08 PM
Why the sudden drop in sp and do you think it is cheap at these levels?

Ask Mr Market Dr Who, up 8.5% today.

Typical over reaction in this situation\market condition, quarterly report was OK, with 43.5 cents a share in the bank and no premium for anything else.
Mr Market sometimes has rocks in its head.

Actually bought at 47.5 cents last week, not 77.5 which they are worth.;) My mistake.

tricha
29-05-2008, 06:58 PM
http://www.stocknessmonster.com/news-item?S=COE&E=ASX&N=408206

tricha
23-07-2008, 05:46 PM
A sound result from Cooper, a cash cow and will be re-rated going forward.

http://www.stocknessmonster.com/news-item?S=COE&E=ASX&N=414669

• Cash equivalents of A$72 million (representing approximately
70% of market cap at current prices).

bermuda
23-07-2008, 06:00 PM
A sound result from Cooper, a cash cow and will be re-rated going forward.

http://www.stocknessmonster.com/news-item?S=COE&E=ASX&N=414669

• Cash equivalents of A$72 million (representing approximately
70% of market cap at current prices).


Absolutely agree but the market sentiment is taking the dollars away from oilers at the moment. Right across the board. Some outstanding buys out there at the moment.

shasta
20-10-2008, 03:18 PM
Absolutely agree but the market sentiment is taking the dollars away from oilers at the moment. Right across the board. Some outstanding buys out there at the moment.

COE - Sept Quarterly

Probably worth a look, now the IPm takeover looks unlikely

http://www.stocknessmonster.com/news-item?S=COE&E=ASX&N=425221

tricha
04-11-2008, 06:54 PM
COE - Sept Quarterly

Probably worth a look, now the IPM takeover looks unlikely

http://www.stocknessmonster.com/news-item?S=COE&E=ASX&N=425221

Take over might look unlikely, but COE are slowly picking away at it, now holds 22.64 %, which is a blocking stake.

Copper Energy is very much like PPP and a little a head, as far as selecting a take over target.

1 - Cash = shareprice.

2 - Plenty of oil valued at zero per barrel. About 1.44 million barrels

3 - They are out to snare IPM at a reasonable price.( I am not a great fan of IPM, only because of a one producing asset in Turkey, which equates to soverign risk, but they are a great little producing company )
Mixing it with COE will spread the risk.

4 - Our international exploration portfolio continues to grow in value

and our two blocks in Indonesia and two blocks in Tunisia have
been matured through the year by seismic and study activity
and the portfolio now has more than 100 leads and prospects
with greater than 1 billion barrels of undiscovered oil (P50).



Quarterly Activity Report – 30 September 2008

Financial

�� Oil sales of A$15 million, up 14% from A$13.1 million in the June quarter.

�� Record high cash equivalents of A$75.1 million providing a 30 cents per share
underpinning.

Production

�� Production for the quarter was 98,099 barrels of oil, up 18% on the 82,924 barrels
of oil produced in the June quarter.

Development

�� Callawonga flowline on-line in July 2008 and transporting 3,000 barrels of oil per
day of crude oil.

�� Parsons-2 well tied into the facilities and commenced production at 320 barrels of
oil per day.

�� The Parsons-Callawonga flowline construction is underway and progressing
satisfactorily.

Exploration

�� The Bargou Prospecting Permit in Tunisia was successfully converted to a 5 year
Exploration Permit.

�� The 1,280 km Ibu Horst offshore 2D seismic survey in Indonesia was completed
and the data has been processed and is currently being interpreted.

�� The 332 km2 PEL92 exploration 3D onshore seismic survey in the Cooper Basin
was completed and the seismic is currently being processed.

Corporate

�� Cooper Energy announced a takeover offer for Incremental Petroleum.

JBmurc
04-11-2008, 07:34 PM
Take over might look unlikely, but COE are slowly picking away at it, now holds 22.64 %, which is a blocking stake.

Copper Energy is very much like PPP and a little a head, as far as selecting a take over target.

1 - Cash = shareprice.

2 - Plenty of oil valued at zero per barrel. About 1.44 million barrels

3 - They are out to snare IPM at a reasonable price.( I am not a great fan of IPM, only because of a one producing asset in Turkey, which equates to soverign risk, but they are a great little producing company )
Mixing it with COE will spread the risk.

4 - Our international exploration portfolio continues to grow in value

and our two blocks in Indonesia and two blocks in Tunisia have
been matured through the year by seismic and study activity
and the portfolio now has more than 100 leads and prospects
with greater than 1 billion barrels of undiscovered oil (P50).



Quarterly Activity Report – 30 September 2008

Financial

�� Oil sales of A$15 million, up 14% from A$13.1 million in the June quarter.

�� Record high cash equivalents of A$75.1 million providing a 30 cents per share
underpinning.

Production

�� Production for the quarter was 98,099 barrels of oil, up 18% on the 82,924 barrels
of oil produced in the June quarter.

Development

�� Callawonga flowline on-line in July 2008 and transporting 3,000 barrels of oil per
day of crude oil.

�� Parsons-2 well tied into the facilities and commenced production at 320 barrels of
oil per day.

�� The Parsons-Callawonga flowline construction is underway and progressing
satisfactorily.

Exploration

�� The Bargou Prospecting Permit in Tunisia was successfully converted to a 5 year
Exploration Permit.

�� The 1,280 km Ibu Horst offshore 2D seismic survey in Indonesia was completed
and the data has been processed and is currently being interpreted.

�� The 332 km2 PEL92 exploration 3D onshore seismic survey in the Cooper Basin
was completed and the seismic is currently being processed.

Corporate

�� Cooper Energy announced a takeover offer for Incremental Petroleum.


Personal I 'd rather back IPM on increasing there 11mbbl reserve oil with there Onshore targets
Than back COE increasing there 80% smaller than IPM reserves with their High risk/cost offshore targets

Corporate
08-04-2009, 09:52 PM
anyone following COE? I just took my first serious look....and I'm starting to like what I see.

tricha
18-07-2009, 12:47 AM
anyone following COE? I just took my first serious look....and I'm starting to like what I see.


Re valuation, still cheap :)

tricha
18-07-2009, 08:53 AM
Great report, COE set to fly, way to cheap.:p


MEDIA RELEASE 17 JULY 2009

COOPER ENERGY: OIL FLOW, CASH FLOW, NEWS FLOW

• +28% increase in FY09 oil production to 487,254 barrels of oil

• +33% increase in oil reserves to 1.9M barrels of oil

• +44% increase in cash to A$93.4M at 30 June 2009

• Base case production forecast of 368,000 barrels of oil for FY10
• Exciting forward program includes more Cooper Basin drilling and Fuchsia-1 well in Tunisia

http://www.stocknessmonster.com/news-item?S=COE&E=ASX&N=453113

Corporate
18-07-2009, 02:48 PM
Tricha - any idea what they are going to do with all the cash?

tricha
20-07-2009, 07:18 PM
Tricha - any idea what they are going to do with all the cash?

I would hazard a guess and expect a 5 cents a share dividend coming Corporate.:)

COE 1,900,000 barrels @ $40 ( OZ ) = $76,000,000 + Cash $93,400,000 = $169,000,000 total \ number of share 252,200,000 = 67 cents Total value per share


Including 37 cents cash per share, so COE is conservatively cheap on my simple calculation. ( There is no exploration upside, taken into consideration in this )

shasta
20-07-2009, 07:36 PM
I would hazard a guess and expect a 5 cents a share dividend coming Corporate.:)

COE 1,900,000 barrels @ $40 ( OZ ) = $76,000,000 + Cash $93,400,000 = $169,000,000 total \ number of share 252,200,000 = 67 cents Total value per share


Including 37 cents cash per share, so COE is conservatively cheap on my simple calculation. ( There is no exploration upside, taken into consideration in this )

Smallish reserves though Tricha, & the cost to replace them will likely be much higher than when they accummulated those.

What's there exploration program like for the rest of the year?

Crypto Crude
20-07-2009, 09:48 PM
Shasta, Tricha,
1.9 million barrels of reserves... is that it?

I was going through the process of working out reserves of all ASX oilers, and I came to COE and could not work out what their 2P reserves are, (including gas)...
do you have any ideas?
I emailed the company and got no reply...
getting no reply is the biggest insult...
:cool:
.^sc

shasta
20-07-2009, 09:50 PM
Shasta, Tricha,
1.9 million barrels of reserves... is that it?

I was going through the process of working out reserves of all ASX oilers, and I came to COE and could not work out what their 2P reserves are, (including gas)...
do you have any ideas?
I emailed the company and got no reply...
getting no reply is the biggest insult...
:cool:
.^sc

Put it this way, BPT has a lot of gas & oil reserves & is cheap as chips

TAP has about 5mmbo oil & 5 mmboe in gas

COE is relative small in comparison

tricha
20-07-2009, 10:03 PM
Put it this way, BPT has a lot of gas & oil reserves & is cheap as chips

TAP has about 5mmbo oil & 5 mmboe in gas

COE is relative small in comparison

Share price 41 cents, cash per share 37 cents. 1.9 million barrels of P2, great exploration sucees of late.

COE is Cheap. :rolleyes:

tricha
23-07-2009, 07:26 PM
Share price 41 cents, cash per share 37 cents. 1.9 million barrels of P2, great exploration sucees of late.

COE is Cheap. :rolleyes:

Cash in the bank 37 cents per share, all their oil and exploration only valued at 3.5 cents, can u believe it ? So I bought more discounted shares :p


23/07/2009 Buy 30000 COE ASX $0.405 Order Traded

shasta
23-07-2009, 08:22 PM
Cash in the bank 37 cents per share, all their oil and exploration only valued at 3.5 cents, can u believe it ? So I bought more discounted shares :p


23/07/2009 Buy 30000 COE ASX $0.405 Order Traded

The irony being Tricha, that of COE's two newest oil discoveries in PEL 92, BPT holds 75% (COE 25%).

Not sure there other exploration projects warrant too much more value?

tricha
24-07-2009, 06:34 PM
The irony being Tricha, that of COE's two newest oil discoveries in PEL 92, BPT holds 75% (COE 25%).

Not sure there other exploration projects warrant too much more value?


WELL u might not see much in them Shasta, but the market liked them today, they have a bit of catching up to do.


COECooper Energy Limited FPOhttp://www.stocknessmonster.com/images/australia.gifhttp://www.stocknessmonster.com/chart/stockness/intra/delayed/ASX/COE
Buy 17.5T

42.5

http://www.stocknessmonster.com/images/arrow_up.gifLast
43

http://www.stocknessmonster.com/images/green_round_small.gif 2.5 6.2%
4:38 pm
High 43
Open 41
Volume 2,017,744
43

Sell 82T
Low 41
Prev. Close 40.5
Turnover $841,554

tricha
01-08-2009, 11:12 PM
WELL, I can't believe it, I'm now hold 120,000 shares @ 40.5 cents.

They hold 37.5 cents in the bank.

I expect the dividend cheque, to be big ;)

Cash which increased 44% +, to 93.4 million.

Corporate
02-08-2009, 07:26 AM
WELL, I can't believe it, I'm now hold 120,000 shares @ 40.5 cents.

They hold 37.5 cents in the bank.

I expect the dividend cheque, to be big ;)

Cash which increased 44% +, to 93.4 million.





Tricha - where is the 37.5cps from? I make it 32cps.

tricha
02-08-2009, 09:39 AM
Tricha - where is the 37.5cps from? I make it 32cps.

Re-did my calculation, be interested to see how u did yours Corporate. I must have slipped 1\2 a cent xtra in .


ASX Share Code COE Capital Structure 252,263,312 Ordinary Fully Paid Shares






MEDIA RELEASE 17 JULY 2009

COOPER ENERGY: OIL FLOW, CASH FLOW, NEWS FLOW

• +28% increase in FY09 oil production to 487,254 barrels of oil

• +33% increase in oil reserves to 1.9M barrels of oil

• +44% increase in cash to A$93.4M at 30 June 2009

• Base case production forecast of 368,000 barrels of oil for FY10

• Exciting forward program includes more Cooper Basin drilling and Fuchsia-1 well in Tunisia
All record highs
for the Company.

That's how I came to the conclusion. Please correct me if I am wrong.

Cash $93,400,000 \ shares 252,263,312 = 37 cents.

Corporate
02-08-2009, 11:40 AM
Re-did my calculation, be interested to see how u did yours Corporate. I must have slipped 1\2 a cent xtra in .


ASX Share Code COE Capital Structure 252,263,312 Ordinary Fully Paid Shares






MEDIA RELEASE 17 JULY 2009

COOPER ENERGY: OIL FLOW, CASH FLOW, NEWS FLOW

• +28% increase in FY09 oil production to 487,254 barrels of oil

• +33% increase in oil reserves to 1.9M barrels of oil

• +44% increase in cash to A$93.4M at 30 June 2009

• Base case production forecast of 368,000 barrels of oil for FY10

• Exciting forward program includes more Cooper Basin drilling and Fuchsia-1 well in Tunisia
All record highs
for the Company.

That's how I came to the conclusion. Please correct me if I am wrong.

Cash $93,400,000 \ shares 252,263,312 = 37 cents.

Tricha I get 292,426,001 shares on issues from www.directbroking.co.nz.

EDIT: see page 2 of the June quarterly. It states 292m shares and also confirms 32cps cash.

Still a lot of cash per share but you've got to be careful.

tricha
02-08-2009, 02:40 PM
Tricha I get 292,426,001 shares on issues from www.directbroking.co.nz (http://www.directbroking.co.nz).

EDIT: see page 2 of the June quarterly. It states 292m shares and also confirms 32cps cash.

Still a lot of cash per share but you've got to be careful.

Well I got it off Coopers web site. And most of the options are WELL out of the money.

:confused::confused::confused:


ASX Share Code COE Capital Structure 252,263,312 Ordinary Fully Paid Shares Options (Unlisted) 500,000 at 25 cents expiring 1 August 2009500,000 at 75 cents expiring 1 April 2010150,000 at 40 cents expiring 1 May 20104,100,000 at 55 cents expiring 31 December 2010150,000 at 80 cents expiring 31 August 201113,875,000 at $1.00 expiring 1 September 2011500,000 at 75 cents expiring 30 April 2012120,000 at $1.00 expiring 31 August 2012 19,895,000 TOTAL OPTIONS

tricha
02-08-2009, 02:48 PM
Thanks for that Corporate, u r right, they issued more shares for the IPM take over and have not updated their web site.


• 21.3 million shares acquired at a cost of
A$10 5 39 6

14

Cooper Energy s
shareholders.

10.5 million and the issue of 39.6
million Cooper Energy shares

tricha
04-08-2009, 08:31 PM
Tricha I get 292,426,001 shares on issues from www.directbroking.co.nz (http://www.directbroking.co.nz).

EDIT: see page 2 of the June quarterly. It states 292m shares and also confirms 32cps cash.

Still a lot of cash per share but you've got to be careful.

I owe u a beer Corporate, thanks, it changed my valuation model and 120,000 shares was now deemed to many.

Hence I dropped of 80,000 of them yesterday. Time to sit back and re-evalulate. :confused:

Corporate
05-08-2009, 05:01 AM
I owe u a beer Corporate, thanks, it changed my valuation model and 120,000 shares was now deemed to many.

Hence I dropped of 80,000 of them yesterday. Time to sit back and re-evalulate. :confused:

No worries. I just did the calc and it didn't match up.

All the best.

C

tricha
26-08-2009, 09:09 PM
I owe u a beer Corporate, thanks, it changed my valuation model and 120,000 shares was now deemed to many.

Hence I dropped of 80,000 of them yesterday. Time to sit back and re-evalulate. :confused:




MEDIA RELEASE 26 AUGUST 2009

COOPER ENERGY’S STRONG PERFORMANCE UNDERPINS CASH RECORD

• Steady EBITDAX of $25.7M from revenue of $41.6M for 12 months to 30 June 2009

• 45% increase in cash to record $93.4M as at 30 June 2009

• All-time record oil production of 487,254 barrels for the year

• 32% increase in developed recoverable oil at year-end to 1.9 million barrels

• Exciting international wells in Indonesia and Tunisia spudding over the next six months

Junior80
02-01-2010, 03:35 PM
Saw this artile on SMH. Looking at the charts, I like to look of it. I will be looking to get a small parcel next week.

http://www.smh.com.au/business/punting-on-commodities-20091220-l7il.html

"OIL
The punters settled on Cooper Energy (COE). It closed on Friday at 49’ a share. At that price, exposure to its high-impact 2010 drilling program in overseas locations comes for nothing given its market cap is more than covered by its $100 million in cash and its ongoing oil production business in South Australia's Cooper Basin."

yogi-in-oz
15-02-2011, 01:31 PM
:)

Hi folks,

COE ... price stirring today, ahead of a positive time cycle,
expected around 17-18022011 ..... :)

have a great week

paul

:)

=====

ELYOB
19-12-2011, 12:32 PM
The events since the end of last week are still being played out . Where is this going now ?

On open this morning , COE plunged 6c to 30.5c , before recovering to a 32-33c range in first hour of trading.

The presentation and address by the MD and Chair failed to inspire confidence , and the Eddie Smith push was defeated convincingly !

Yesterday, OIL & Gas Weekly speculated that this is now open to a "takeover" ???

COE is down 10c since last months events and that leaves questions ?????

Analysts have 58-70c targets on this oiler . It has been put around that this could get serious money in the case of a takeover play....


PS: Hold a small COE 100,000 , getting smaller by the hour.....

DYOR please ,,,,

lawrence
20-12-2011, 08:58 PM
I now officially declared this stock a DOG! and why is Mr Smith so determined to get a foot in!!

airedale
21-12-2011, 09:10 AM
Is this the same Eddie Smith who was involved with ITC before it became a takeover? Thanks to B a few of us made some money on that.

ELYOB
21-12-2011, 09:35 AM
This is the same ITC Mr Smith . A very successful man in the oil patch for many years . Mr Smith is ex Chairman and director of AWE , and a string of oilers which he turned into success in the Cooper Basin for shareholders. His offsider Greg is ex ARC [Perth Basin play] and ITC as well .

A google research is a must to see what they are....

soulman
30-10-2013, 08:57 PM
BPT double their stake in COE to 18.41%. Something for the future.

ELYOB
02-11-2013, 12:59 AM
I think BPT are going to have a go at COE in near future, they need something to spin conventional Basin assets into . BPT has not been able to create much value for shareholders . The overseas and shale assets are a drag . Don't dismiss what I say lightly.

Corporate
02-11-2013, 01:46 AM
I think BPT are going to have a go at COE in near future, they need something to spin conventional Basin assets into . BPT has not been able to create much value for shareholders . The overseas and shale assets are a drag . Don't dismiss what I say lightly.


I would be surprised if BPT have a go at acquiring COE. They even said in the quarterly that 'there is no current intention to make a takeover bid for shares in the company'

soulman
03-11-2013, 05:35 PM
I would be surprised if BPT have a go at acquiring COE. They even said in the quarterly that 'there is no current intention to make a takeover bid for shares in the company'

Corp, no one say about their current intention until the time is right for the bid.

Murray Goulburn say the same thing about WCB when they increase their stake to 14.5% this April.

Now an all out bidding war from the heavies all around the world. Still if they lose, they would profits big time from the bidding war.

BPT and COE would be a perfect fit. They have so many JV and BPT would want 100% of those JV.