Cooper Energy Reported 21% Sales Growth in September Quarter

  • Oct 15, 2019 AEDT
  • Team Kalkine

The September quarter was successful in many fronts for Cooper Energy Limited (ASX: COE) as the company recorded a sales growth of 21% in the quarter as compared to its previous quarter, driven by higher gas production and prices. The company reported revenue from the sale of gas of $17.2 million, 32% higher than the prior quarter.

Key Highlights:

  • Quarterly Production was up by 22% to 0.39 million boe from prior quarter’s 0.32 million boe;
  • The upstream Sole Gas project was completed, within budget, ready to supply gas to Orbost plant;
  • Company made a promising gas field discovery at Annie.

At AEST 01:01 PM, the stock was trading at $0.565 per share, up by 2.727% from its previous close.

 

All pictures are copyright to their respective owner(s).Kalkinemedia.com does not claim ownership of any of the pictures displayed on this website unless stated otherwise. Some of the images used on this website are taken from the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image.

 

There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.

As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.

CLICK HERE FOR YOUR FREE REPORT!
   
x
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK