Ann: Cooper Energy H1 FY24 results presentation, page-48

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jake0002

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27/03/24

12:30

Post #: 73081712
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Originally posted by jake0002 ↑

"...The concerns voiced by the boss of the east coast gas producer are set to be echoed by Adam Watson, chief executive of pipeline owner APA Group, and Cooper Energy’s Jane Norman, as well as by the Bass Strait co-venturers ExxonMobil and Woodside Energy, the biggest east coast domestic suppliers. But they clash with the views of environmental groups which argue against any relaxation of controls over gas development amid the worsening climate crisis.

Cooper Energy chief executive Jane Norman is expected to reinforce the comments, blaming government intervention for exacerbating the shortage risk as capital and investment shifts to other countries.
She will also highlight the need for streamlined approvals processes for projects, which currently can take up to four years in onshore and offshore Victoria, compared to less than six months for onshore South Australia.
Cooper is experiencing strong demand from customers for any new gas the company can bring to the market, with LNG imports as the next best option if that domestic supply does not emerge, Ms Norman will say.

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good run on ASX so far today - last sale at 21.5c, with just under 18m shares traded.

includes two big sales at of 5m shares each. Thats Instos dealing. (not me).

so investors getting set for the completion of BMG decommissioning, and better outlook for Orbost.
Having said that, production at Orbost has been dismal over last 2 weeks, but back up over 60tjd again.
Production for March will be poor, and will taint the Qtrly production figure.

COE Price at posting: 21.5¢ Sentiment: None Disclosure: Held
3 Upvote

0 Great analysis

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