Cooper flags impairments of A$108M

AUSTRALIAN oil and gas producer Cooper Energy has joined the ranks of Santos and Woodside Petroleum in writedowns, announcing A$108 million of pre-tax impairments across a range of its oil and gas assets and has also revised down its oil price outlook.

Cooper flags impairments of A$108M Cooper flags impairments of A$108M Cooper flags impairments of A$108M Cooper flags impairments of A$108M Cooper flags impairments of A$108M

 

However, it is the first of the ASX oilers to write down much based on domestic gas prices, which have softened significantly in recent months.