Cooper Energy's Fiscal 2024 Oil, Gas Revenue Up 11% to AU$219.1 Million; Production Up 4%

Cooper Energy (ASX:COE) reported total oil and gas revenue of AU$219.1 million in fiscal 2024 year to date, up 11% from a year earlier, according to a Tuesday Australian bourse filing.

In the year ended June 30, the company produced 22.7 PJe, up 4% from a year earlier, the filing said. Sales volume rose 6% year over year to 23.4 PJe.

In the fiscal fourth quarter, total oil and gas revenue grew 2% sequentially to AU$57.3 million, the filing said.

Total production was up 1% quarter on quarter to 5.8 PJe, while sales volume increased 3% to about 6 PJe.

Capital expenditure for the fiscal year was AU$23.7 million, down 45% from a year earlier. The company had AU$14.5 million in cash reserves as of the end of June.

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