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Cooper Energy Provides FY 2019 First Half Investor Presentation

11 Feb 2019  |  10:04:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: FY19 First Half investor presentation

Cooper Energy provided FY 2019 first half investor presentation. It reported that the sales revenue is up 16% to $36m. The statutory net loss after tax is of $(12.6)m vs PCP statutory profit after tax of $19.8m. There is an increase in available cash to be used in support of offshore Otway Basin gas exploration planned for FY 2019 H2. The gas sales revenue is up 32%. New gas contracts are secured for 2019 and commenced on 1 January 2019.

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