MARKETS

High spot prices hit Cooper; all guidance tightens downward

COOPER Energy has tightened the upper end of its guidance, revising down production, sales volumes, EBITDAX and capital spend based on expected higher gas spot prices and work at its Orbost gas plant.

File photo: the Orbost gas plant impacting Cooper

File photo: the Orbost gas plant impacting Cooper

Financial 2022 guidance sees production of 3-3.4 million barrels of oil equivalent over 3-3.6MMboe; sales volumes of 3.7-4MMboe over 3.7-4.4MMboe, and, EBITDAX of $53-$63 million over $60 - 70 million....

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