Australia's Cooper Energy reports A$5.6mn underlying loss in FY23
The company, however, announced a record annual production of 3.56mn barrels of oil equivalent.
Source: naturalgasworld.com
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The company, however, announced a record annual production of 3.56mn barrels of oil equivalent.
The Orbost plant processes gas from Cooper’s Sole gas field offshore Victoria for supply to customers in south-east Australia.
The upward revision is a result of higher gas prices and higher sustained Orbost gas processing plant processing levels.
The realised gas price during the quarter was up 16% yr/yr.
The loss shrank owing to a 67% year/year increase in sales volume.