MARKETS

Cooper production fall offset by high gas, liquids prices

THE Orbost gas plant malfunctions are still a drag on Cooper Energy’s production, which is down 22% over the prior quarter, but a recovering domestic spot price has insulated the Victorian company’s finances with sales revenue 3% higher than the prior quarter at A$24.6 million.

Helen Clark

Sole gas field

The start of Sole gas sales agreements has also helped, as has the rising oil and condensate prices, which rose 28% from $54.3 per barrel of oil equivalent to $69.7/boe by the end of December. The...

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