- Cooper Energy (COE) has provided updates regarding the Sole Gas Project and the Orbost Gas Processing Plant
- APA Group (APA) is completing the upgrade at the plant to process gas from the Sole Gas Field but work has been delayed by two weeks following bushfire activity in the area
- Cooper Energy will make donations to the Gippsland Emergency Relief Fund and the Orbost and District Chamber of Commerce and Industry
- Cooper Energy’s share price is down 2.78 per cent and trading for 61.3 cents while APA is up 0.45 per cent with shares trading for $11.11 apiece
Cooper Energy (COE) has provided updates regarding the Sole Gas Project and the Orbost Gas Processing Plant.
APA Group (APA) is completing the upgrade at the plant to process gas from the Sole gas field, however, work has been delayed by two weeks following bushfire activity in the area.
But this estimate is subject to ongoing developments, including the ability to access and use the roads safely.
There were no Cooper Energy personnel in the areas affected by the bushfires and APA has advised that its non-essential personnel were evacuated and those remaining are safe.
The plant has not been affected by the fires and power is still available onsite.
As a participant in the Orbost and East Gippsland community, Cooper Energy is committed to and will be contributing to the region’s recovery and rebuilding in both the near and longer terms.
As a result of the fires, Cooper Energy will immediately make donations to the Gippsland Emergency Relief Fund as well as the Orbost and District Chamber of Commerce and Industry to fund redeemable vouchers for residents in need to use.
Cooper Energy is also consulting with local authorities on how additional financial and other support is best directed for the recovery of the community and local economy.
APA has advised remobilisation of the workforce to site and the restarting of commission work remain subject to assurances of safety and adequate supplies.
At 2:49 pm AEDT, Cooper Energy’s share price is down 2.78 per cent with shares trading for 61.3 cents apiece while APA’s share price is up a slight 0.45 per cent with shares trading for $11.11 apiece.