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Business Description: Cooper Energy Limited (COE) is an oil and gas exploration and production company with a primary focus on projects located in Australia (the Cooper/Eromanga and Otway Basins) and Tunisia. COE currently has approximately 500,000 barrels of oil production per year from the Cooper Basin, South Australia, with approximately 150 barrels of oil per day gross production from Sukananti KSO in Indonesia. Cooper also has prospective exploration licenses in those countries.
Strategy Analysis: As a conventional oil and gas explorer/producer, COE maintains activity in all focus areas. Exploration is taking place in Australia (Cooper and Otway basins), Indonesia, Tunisia and Romania whilst production is generated in Australia and Indonesia only. COE has budgeted for 2011 exploration expenditure with a domestic focus. Further production is contingent on the funding, and success of, exploration
Cooper Energy reported NPAT of $4.56m for the half-year ended 31 December 2012. Revenues from ordinary activities were $23.37m, down 9.4% from last year. Basic and Diluted EPS were 1.4 cents compared to (1.9) cents last year. Net operating cash flow was $2.13m compared to $13.03m last year. No dividend was declared.
Handing over, what if you need someone else to make decisions for you? There are times in your life when you can't fulfil your financial obligations personally.
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The Age 24/05/2013 |
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The Age 24/05/2013 |
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The Age 24/05/2013 |
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The Age 24/05/2013 |
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