Cooper concedes A$6 million loss after tough year

SOUTHEAST Australia oil and gas producer Cooper Energy has suffered a A$6.6 million loss for the 2020 financial year as a result of its Sole gas project deferral, despite cash generated by operating activities soaring up 134% compared to the previous year to A$48.1 million.

Cooper concedes A$6 million loss after tough year Cooper concedes A$6 million loss after tough year Cooper concedes A$6 million loss after tough year Cooper concedes A$6 million loss after tough year Cooper concedes A$6 million loss after tough year

Cooper has been developing its Sole gas field in the Gippsland Basin, with gas sent for processing to the Orbost gas plant before being sent to a series of contracted customers drawn largely from