FY25 production guidance increase

• FY25 production guidance increased to 65-72 TJe/day
• Improved performance at Orbost Gas Processing Plant
• No change to FY25 guidance for production expenses and capital expenditure

Cooper Energy Limited (COE: ASX) has announced an increase in its FY25 production guidance to 65-72 TJe/day, up from the previous range of 62-69 TJe/day. This increase is primarily driven by improved performance at the Orbost Gas Processing Plant relative to the assumptions used in setting guidance at the time of the FY24 Full Year Results, together with point-forward scenario analysis. FY25 guidance for production expenses and capital expenditure remains unchanged at the present time. Managing Director and CEO Jane Norman stated that the increased production guidance reflects confidence that the Orbost plant can continue to operate at least as well as it has thus far in FY25, with maximum rates around nameplate capacity, less frequent and shorter absorber cleans, as well as improved reliability. The company will continue to monitor production trends as well as production expenses and provide further guidance updates through FY25 as required.

FY25 production guidance increased to 65-72 TJe/day (previously 62-69 TJe/day). FY25 guidance for production expenses and capital expenditure is unchanged.