Cooper Energy (ASX:COE) reports quarterly production up 118%

Company News

by Rachael Jones

Cooper Energy (ASX:COE) reports that the quarter’s revenue and production results are the highest the company has recorded.

Quarterly production is up 118 per cent to 0.61 million barrels of oil equivilant versus the prior quarter’s 0.28 million boe.

A 61 per cent increase in gas revenue, despite the Orbost Gas Processing Plant’s variable processing rates and 21 days offline, gives the first indication of the uplift Sole will deliver to Cooper Energy.

Shares in Cooper Energy (ASX:COE) are trading 1.22 per cent higher at 42 cents.
 

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.