COE 0.00% 17.0¢ cooper energy limited

For Sole they r retaining appx 5PJ for spot mkt sale. So the...

  1. Ya
    5,477 Posts.
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    For Sole they r retaining appx 5PJ for spot mkt sale. So the entire 25 PJ/year isn't contracted yet. Only 20 PJ/a is for sale. The bar chart on the slideshow highlights their planned peak sales for 7 years @ 20 PJ & then a different PJ/a figure later on.

    You are right about the plant capacity. However, they should b able to squeeze 74 TJ/d (as per pg-3 frm ASX release dt 27Feb'17).

    Back in 2011, Orbost processed 83 TJ/d from LT for 2 months in May & June (total of 5.1 PJ) and then dropped down to 68 TJ/d for the gas sales to Santos. So one could choke back or crank up flowrates to some extent.

    As for making room to process extra gas (own gas or 3rd party for instance), its up to the Board to negotiate a deal, but their first priority will b to sell the contracted gas to their 4 customers (ie AGL, Energy Aus etc) & lock in any new buyers for spot sales.
 
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