COE 0.00% 23.0¢ cooper energy limited

Ann: Plant works completed - Sole production resumed, page-3

  1. 177 Posts.
    lightbulb Created with Sketch. 10
    Highlights for me in bold...looking forward to seeing increased production.
    Am still interested in the root cause analysis as this will be needed to go beyond 54 TJ/day

    The term gas supply contracts with Visy (8 TJ/day) commenced on 1 December as planned with supply
    sourced from supplementary arrangements in place until Sole production recommenced on 8 December.
    Sole production as at 6 am (AEDT) this morning was at a rate equivalent to 25 TJ/day. Volumes in excess
    of gas supply to Visy will be sold into the spot gas market
    during December.
    The plan is to increase OGPP production rates in a sustainable and controlled manner before the
    commencement of the remaining term contracts on 1 January. At this point, the total Annual Contract
    Quantity (ACQ) will be 19.75 PJ per annum (pa) which is equivalent to a daily rate of 54 TJ/day. A
    minimum offtake of approximately 90% of this figure is provided by take-or-pay obligations.

 
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