Cooper Energy Reports Record Production and Revenue

Cooper Energy Limited (AU:COE) has released an update.

Cooper Energy Limited has reported a record-breaking quarter with a 17% increase in daily average production and 15% rise in revenue, achieving $65.8 million. The OGPP’s enhanced performance, with production rates reaching over 66 TJ/d on more than half the days, contributed to the company’s highest quarterly spot gas sales and eliminated the need for spot gas purchases. Furthermore, the East Coast Supply Project is advancing, with long-lead items ordered and ongoing discussions with potential gas customers.

For further insights into AU:COE stock, check out TipRanks’ Stock Analysis page.