Cooper Energy suspends Sole gas operations due to weather

Company News

by Rachael Jones

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Last Updated: 17/02/2020 11:12 AM

Cooper Energy (ASX:COE) has suspended operations of the Sole gas field in the Gippsland Basin for this weekend until the weather improves.

It’s expected poor weather will interrupt operations for 3-5 days.

The most significant resource, the Sole gas field, is currently being developed to provide a new source of gas supply for south-east Australia from 2019.

Cooper Energy Limited (ASX:COE) is an exploration and production company which generates revenue from gas supply to south-east Australia and low cost Cooper Basin oil production

Shares in Cooper Energy (ASX:COE) are down 1.3 per cent to 38c.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.