Cooper Energy Limited (AU:COE) has released an update.
Cooper Energy Limited has tightened its FY24 production guidance to 60.5 – 64.0 TJe/d, while reducing and narrowing production expenses to $57 – 63 million, thanks to efficient performance and cost-saving initiatives, particularly at the Orbost plant. The company’s capital expenditure forecast remains steady at $240 – 280 million. As a key supplier to Southeast Australia’s gas market, Cooper Energy is strengthening its position with improved operational efficiencies and strategic asset holdings.
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