Cooper Energy is an ASX-listed energy company which generates revenue from the discovery, commercialisation and sale of gas to south-east Australia and low cost Cooper Basin oil production.
Gas accounts for the major share of the company’s sales revenue, production and reserves. The company’s portfolio includes producing assets in the Otway Basin supplying approximately 7 PJ of gas per annum, gas resources being developed in the Gippsland Basin and well-located gas plant. Cooper Energy has a growing portfolio of gas supply contracts, with customers including AGL Energy, Alinta Energy, EnergyAustralia and O-I Australia.
Oil production of approximately 0.3 million barrels per annum from the Cooper Basin is low cost, with direct operating costs of approximately A$30 per barrel
The company is focused on, and staff are incentivised for, generating superior total shareholder return through a strategy that requires:
- due care for health, safety, and the environment and communities in which Cooper Energy operates;
- focus on hydrocarbon resources and opportunities possessing the strong economic fundamentals that support generation of leading returns for its shareholders and good commercial outcomes for customers within the foreseeable future; and
- concentration of effort and resources on opportunities where it has deep knowledge and expertise, principally the Australian basins and the commercialisation of gas.
As at 30 June 2016 unless indicated otherwise
|Financial $ million|
|Net profit after tax||(34.8)|
|Operating cash flow||7.9|
|Net (Debt)/Cash and Financial Investments1
|Operations (million barrels of oil equivilant)|
|Reserves (proved & probable)2||10|
|Annual production (guidance)||1 million boe|
|Shares on issue (million)3
|Market capitalisation ($ million)3||254|
 As at 30 September 2016. Includes cash, term deposits and investments at cost
 Proforma guidance incorporating Australian reserves reported at 30 June 2016, less production to 31 December 2016 plus reserves acquired
 As at 23 February 2017