Cooper Energy Limited (AU:COE) has released an update.
Cooper Energy Limited reports a production increase of 2% to 63.1 Terajoules per day and an 8% rise in the average realized gas price to $9.24/GJ in the third quarter of FY24, driving a 2% revenue growth to $55.9 million. The company is nearing completion of the BMG wells decommissioning, with costs aligning with the upper end of estimates and a completion target set for late May. An innovative sulphur waste trial is set to begin, aiming to repurpose by-products from the Orbost Gas Processing Plant as agricultural fertilizer, potentially reducing production costs and benefiting the environment.
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