OPERATIONS

Cooper preparing for major blow out of BMG decommissioning bill

Cooper Energy is facing a significant financial hit for the decommissioning program at the Basker Manta Gummy (BMG) field off the Victorian coast following long delays in the arrival of key equipment.

Colin Hay
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Decom.jpg

The company (ASX:COE) told the ASX today it has been forced to revise its mid-case cost estimate for the BMG decommissioning from between A$193 million and A$198 million to approximately A$240 million...

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