Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 23 : 17-Feb-15
Australian-listed Cooper Energy has posted a 2014-15 interim loss of $A58m. The result was marred by a write-down of its assets in Tunisia, which now have a carrying value of zero. Cooper Energy has been seeking to offload these assets for some time. The group’s underlying net profit for the half-year fell from $A13.6m previously to just $A900,000. It expects full-year oil production to be between 500,000 and 560,000 barrels
CORPORATES
COOPER ENERGY LIMITED – ASX COE, SANTOS LIMITED – ASX STO, ORD MINNETT GROUP LIMITED