MARKETS

Orbost still causing issues for Cooper

THE great sticking point for Cooper Energy’s large-scale move offshore remains its onshore components as the Orbost gas plant’s technical issues continue to see it process gas from the Sole fields at far lower than nameplate capacity of 68 terajoules per day. 

Sole gas field

Sole gas field

However revenue rose nearly 69% over a year ago from $78.1 million to $131.7 million, while earnings moved from a loss of $110 million to just $33.5 million. It reported a net loss of $30 million this...

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