Cooper production fall offset by high gas, liquids prices

THE Orbost gas plant malfunctions are still a drag on Cooper Energy’s production, which is down 22% over the prior quarter, but a recovering domestic spot price has insulated the Victorian company’s finances with sales revenue 3% higher than the prior quarter at A$24.6 million. 

Cooper production fall offset by high gas, liquids prices Cooper production fall offset by high gas, liquids prices Cooper production fall offset by high gas, liquids prices Cooper production fall offset by high gas, liquids prices Cooper production fall offset by high gas, liquids prices

Sole gas field

The start of Sole gas sales agreements has also helped, as has the rising oil and condensate prices, which rose 28% from $54.3 per barrel of oil equivalent to $69.7/boe by the end of December.