COE 2.22% 23.0¢ cooper energy limited

Ann: Q2 FY21 Quarterly Activities Report, page-2

  1. 4,760 Posts.
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    Somewhpat clearier now

    I'm respect of gas sales we are required to deliver 54TJ/day, from
    • Orbost plant production
    • Bought gas (pursuant to Compensation Agreement)

    Orbost production
    • revenue belongs to COE.
    • COE pay APA a tariff as always envisage

    Bought gas
    • APA contribute to cost of sourcing gas
    • We earn a margin as though gas had been possessed through Orbost
    • APA cost contribution ensures that we earn the net margin we would otherwise earn

    So basically who cares what level of production we at, we always getting made whole for net cash margin we would have otherwise made on 54TJ of gas....

    I'm fine with the above
 
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