Cooper Energy Limited (ASX: COE), an exploration and production company, announced a 10 well appraisal program with its JV, PEL 92, that commenced with the spudding of Callawonga-22 on 5th November 2019. The company holds 25% interest in this JV and the rest is with Operator, Beach Energy.
- Callawonga-22 will be the first of four appraisal wells which will be drilled at the Callawonga oil field;
- It will be followed by 4 wells at the Butlers oil field and 2 wells at the Rincon oil field;
At AEST 1:09 PM, COE was trading at $0.57 per share, up by 0.3%.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.
As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.