Cooper Energy discovers new gas field in Otway Basin in Victoria

  • Home
  • Company News
  • Cooper Energy discovers new gas field in Otway Basin in Victoria
06Sep

Cooper Energy discovers new gas field in Otway Basin in Victoria

 

Cooper Energy (ASX:COE) announced that the exploration well Annie-1 has made a new gas field discovery in the Otway Basin offshore Victoria.

The reports say that drilling has identified the new gas field within Waarre C formation reservoir.

It's the first new Otway Basin gas field discovery from offshore drilling in 11 years.

Annie-1 is the first offshore gas exploration well Cooper Energy has drilled in Australia and the first of an $80 million drill campaign by the Joint Venture with Mitsui this year to find new gas supply for south-east Australia.

Cooper Energy (ASX:COE) are trading 11.11 per cent higher at $0.65.
 
Copyright 2019 – Finance News Network


Source: Finance News Network

Share this post

Related Posts

08Oct

Mercury’s (ASX:MCY) CEO to join Fonterra executive team in 2020

08 Oct 2019 - Mercury’s (ASX:MCY) Chief Executive, Fraser Whineray, has announced that he will leave the company in 2020 after more than 11 years’ service, including the last five years as Chief Executive.

Read More
27Aug

The proposed acquisition of Spotless Laundries majority-owned by Downer EDI (ASX:DOW) raises competition concerns

27 Aug 2020 - The ACCC has identified potential competition concerns with South Pacific Laundry (SPL)’s proposed acquisition of Spotless Laundries, which is part of Spotless Group Holdings which is majority-owned by Downer EDI (ASX:DOW).

Read More
22Oct

Oil Search (ASX:OSH) Q3 production drops

22 Oct 2019 - Oil Search (ASX:OSH) has seen its total production for the third quarter of 2019 decline to 6.8 million barrels of oil equivalent down 10 per cent on the year earlier period.

Read More
17Jul

Stocks of the Hour: Calmer Co Intl, DroneShield, Sovereign Metals

17 Jul 2023 - A snapshot of the stocks on the move, featuring Calmer Co. International (ASX:CCO), DroneShield (ASX:DRO) and Sovereign Metals (ASX:SVM).

Read More
11Sep

IGO (ASX:IGO) launches strategic review of Tropicana gold mine interest

11 Sep 2020 - Mining and exploration company, IGO (ASX:IGO) has commenced a strategic review of its options in relation to its 30 per cent interest in the Tropicana gold mine.

Read More
22Oct

Stocks of the Hour: Nanoveu, MoneyMe, Alicanto Minerals

22 Oct 2024 - A snapshot of the stocks on the move, featuring Nanoveu (ASX:NVU), MoneyMe (ASX:MME) and Alicanto Minerals (ASX:AQI).

Read More
27Feb

Afterpay (ASX:APT) see statutory loss after tax of $31.6m

27 Feb 2020 - Afterpay (ASX:APT) reported a statutory loss after tax of $31.6 million which was impacted by oneoff and non-cash items including share-based payments expenses.

Read More
31Oct

Stocks of the Hour: European Metals, Carbon Revolution, Nuheara

31 Oct 2022 - A snapshot of the stocks on the move featuring European Metals (ASX:EMH), Carbon Revolution (ASX:CBR) and Nuheara (ASX:NUH).

Read More
11Aug

Sydney Airport (ASX:SYD) to launch a $2 billion equity raising

11 Aug 2020 - Sydney Airport (ASX:SYD) has launched a $2 billion equity raising after reporting a $53.6 million loss after income tax for the six months to June 30.

Read More
20May

Stocks of the Hour: Bastion Minerals, Ironbark Zinc, Western Yilgarn

20 May 2024 - A snapshot of the stocks on the move, featuring Bastion Minerals (ASX:BMO), Ironbark Zinc (ASX:IBG) and Western Yilgarn (ASX:WYX).

Read More