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Company News Summary

Cooper Energy Provides Operational and Financial Update

06 Apr 2021  |  09:14:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Operational and Financial Update

Cooper Energy provided the operational and financial update. It reported of increasing Sole cash flows following commencement of Gas Sales Agreements. The initial cost estimate for this work program is $24m. Gas production from the Casino Henry field continues to perform in line with expectations, with current production volumes of 15 TJ/day. No material capital expenditure commitments are currently planned for the remainder of FY 2021 or FY 2022, and the cash reserve is $115m as at 31 December 2020. Production, sales volumes and capital expenditure are tracking in line with expectations.

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