COOPER Energy took a A$12.6 million hit for the six months to December 2018, compared to a $19.8 million profit the during the first half of the year, but gas sales were up - offsetting a lower oil price - something the company expects to continue as it looks ahead over the coming months.
Cooper Sole Gas Project: Image obtained - Cooper Gas
Underlying profit was up 41% to $3.1 million from $2.2 million while EBITDA was also up 6% to $13.8 million from $13 million. The company concluded the year with drawn debt of $186.4 million,...
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