COE 2.27% 21.5¢ cooper energy limited

44.498 TJ July 11.Production has settled around 45 TJ per day...

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    44.498 TJ July 11.
    Production has settled around 45 TJ per day over the last several days.Perhaps they will
    now move to re-configure the plant.
    "APA has also advised it has initiated planning for plant modifications in case current commissioning does
    not achieve the required performance rate. The modifications include re-configuration of the plant’s 2
    absorber vessels from a serial to a parallel arrangement. If required, this modification is expected to
    provide greater flexibility for management of foaming and achievement of the target capacity of 68
    TJ/day.
    If the modifications are required, a further plant shutdown will be necessary, which Cooper Energy has
    been advised could require 3 weeks. This interruption would be accommodated, to the fullest extent
    possible, within the maintenance downtime allowance provided in the processing and sales contract
    agreements.
    It is expected a decision on the plant re-configuration will be made following analysis of plant performance
    after the return to operations from the forthcoming shutdown."
 
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