COE 2.78% 18.5¢ cooper energy limited

Ann: Plant works completed - Sole production resumed, page-10

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  1. 177 Posts.
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    The root cause of the foaming has not been identified or fixed as part of these works is my understanding. It was a reconfig of the absorbers so instead of being serial they can be put in parallel. Also they can operate with one or the other absorbers whilst maintenance is carried out on the other to keep production going rather than stopping production completely whilst an absorber is cleaned/worked upon. At least the term gas contracts have started as of 1st Dec and then again on 1st Jan and the associated pricing which will guarantee revenue up to 54 TJ/day in January. So I expect share price to increase as we see stable outputs in January at this level. Fingers crossed and then an outcome from the root cause analysis would be a good christmas present imo.
 
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