COE 2.44% 21.0¢ cooper energy limited

Ann: Operations Update, page-9

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    It’s been and still is a long frustrating road. If you stand back and look at the big picture there is progress. Slow it may be (2 steps forward one Back), but the rates are going up. And we know it can run at 66 for extended periods. Obviously both managements believe they can get consistent higher numbers or the price would have been a lot lower. APA is incentivised to do their best at working in the polishing unit and then there is the SRP to cut in. Imagine 6 months time, teething problems with polishing ironed out, Solids removal cut in. Where are we then.? Add a third absorber, to have excess capacity for third party gas? Owning the plant starts to look good then.
 
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