COE 0.00% 22.5¢ cooper energy limited

Ann: Q2 FY21 Quarterly Activities Report, page-31

  1. 4,697 Posts.
    lightbulb Created with Sketch. 1232

    After processing 45TJ yesterday, being Sunday, will the demand be there to go higher or do we have to wait for Monday's results?

    That's a very interesting question, as I think the nominations are based on customer requirements (which would be based on their demand).

    Even more interesting, in relation to the GSAs is that:
    Sole GSAs commenced on 1 December 2020 and 1 January 2021 for gas supply of 19.75 PJ (54 TJ/day average) in 2021, with annual take-or-pay obligations for minimum supply of 90% of contracted volumes

    From the above it would appear that it is a take or pay for annual supply of 19.75 PJ

    So whilst the average is 54TJ/day (49TJ/day based on 90% minimum), the take or pay appears to be based on the annual purchase (rather than the daily purchase).

    Be interesting to know how the annual take or pay obligation translates into a minimum/ maximum nominated purchase on a daily basis.

    Eg. Obviously the maximum couldn't exceed 68TJ/day, but likewise wonder what the minimum is.
 
watchlist Created with Sketch. Add COE (ASX) to my watchlist
(20min delay)
Last
22.5¢
Change
0.000(0.00%)
Mkt cap ! $594.0M
Open High Low Value Volume
22.5¢ 22.5¢ 22.0¢ $593.7K 2.672M

Buyers (Bids)

No. Vol. Price($)
10 290435 21.5¢
 

Sellers (Offers)

Price($) Vol. No.
22.5¢ 205975 5
View Market Depth
Last trade - 16.10pm 28/06/2024 (20 minute delay) ?
COE (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.