Cooper Energy Limited (
COE
) is an energy company which focuses on exploration and production in oil and gas. COE has a portfolio comprising of prospective acreage in the Cooper, Otway and Gippsland basins Australia. As the Sole gas project draws closer to completion (expected end of May) there is more interest being generated, with CBA and its related entities recently taking a larger stake.
Disclosure: We are already holding this stock.
COE
) is an energy company which focuses on exploration and production in oil and gas. COE has a portfolio comprising of prospective acreage in the Cooper, Otway and Gippsland basins Australia. As the Sole gas project draws closer to completion (expected end of May) there is more interest being generated, with CBA and its related entities recently taking a larger stake. Disclosure: We are already holding this stock.
Time is the only true currency...how will you spend yours and what value will you receive?
Quarterly Report for 3months to 31 March 2019
29April2019Key features:
-Quarterly production:0.33millionboe up 14% on prior quarter’s 0.29million barrel of oil equivalent
-Quarterly revenue:$20.6 million up 43% from$14.4million in prior quarter
-Year to date sales revenue:$56.8 million up21% from $47.1million
-Year to date production:0.99 million barrel of oil equivalent down from 1.14 million barrel of oil equivalent
-Sole Gas Project:98% complete at 31 March, within budget, offshore construction completed
-Exploration activity:preparations ongoing for offshore drilling commencing June quarter
-Full year production of approximately 1.3 million barrel of oil equivalent anticipated (previous guidance~1.4 million barrel of oil equivalent