MARKETS

Cooper adjusts terms on debt facility

COOPER Energy has readjusted some of the terms and conditions of its debt facility due to the delays at APA’s Orbost Gas Processing Plant, which is still not running at nameplate capacity meaning the company needs to source third party gas to meet contractual obligations.

Mark Tilly

Aligns with lower processing rate at Orbost.

The company sends gas from the Sole field to Orbost before the bulk is sent to domestic manufacturers. The plant is designed to run at 68 terajoules per day but has not hit this since the Sole fields...

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