Price Target Changed • Mar 26
Price target decreased by 12% to AU$2.75 Down from AU$3.12, the current price target is an average from 8 analysts. New target price is 70% above last closing price of AU$1.62. Stock is down 33% over the past year. The company is forecast to post earnings per share of AU$0.18 next year compared to a net loss per share of AU$0.17 last year. New Risk • Mar 25
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (24% increase in shares outstanding). Reported Earnings • Feb 27
First half 2026 earnings released: EPS: AU$0.097 (vs AU$0.032 in 1H 2025) First half 2026 results: EPS: AU$0.097 (up from AU$0.032 in 1H 2025). Revenue: AU$141.5m (up 5.8% from 1H 2025). Net income: AU$26.2m (up 246% from 1H 2025). Profit margin: 19% (up from 5.7% in 1H 2025). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Oil and Gas industry in Australia. Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 17% per year. Announcement • Feb 25
Amplitude Energy Limited Provides Production Guidance for the Full Year of Fiscal 2026 Amplitude Energy Limited provides production guidance for the full year of fiscal 2026. For the period, the company expects to increase its FY26 production guidance to 73 77 TJe/day, or 26.6 28.1 PJe in total for FY26 (previously 69 74 TJe/day, or 25.2 27.0 PJe in total). This increase is driven primarily by the OGPP outperforming the company's expectations over fiscal 2026 to date, together with point-forward scenario analysis. The top end of the upgraded production guidance range now assumes OGPP production rates moderately above its prior nameplate capacity of 68 TJ/day. Breakeven Date Change • Feb 25
Forecast breakeven date pushed back to 2027 The 8 analysts covering Amplitude Energy previously expected the company to break even in 2026. New consensus forecast suggests the company will make a profit of AU$61.2m in 2027. Average annual earnings growth of 51% is required to achieve expected profit on schedule. Announcement • Feb 02
Amplitude Energy Limited Appoints Matthew Ridolfi as Non-Executive Director, Effective February 2, 2026 Amplitude Energy Limited has appointed Mr. Matthew Ridolfi as a Non-Executive Director of the Company, effective from February 2, 2026. Mr. Ridolfi brings 35 years’ experience in the upstream oil and gas sector, spanning technical, operational, and corporate leadership roles. With more than three decades at BHP Petroleum and later as Executive Vice President, Projects at Woodside Energy, he has built a strong reputation for delivering complex capital projects in challenging regulatory and geopolitical environments. He has overseen significant global developments, including work on Mexico’s first deepwater project, Trion, and delivery of the Sangomar project, enabling Senegal’s inaugural offshore oil production. In Australia, he held executive oversight for the Scarborough Energy Project and previously served as Project Director for the Minerva Gas Plant—now Amplitude Energy’s Athena Gas Plant—and lead BHP’s interests in the Gippsland Basin. This background provides direct familiarity with the Company’s operating footprint and strategic priorities. Recent Insider Transactions • Oct 09
Independent Non-Executive Director recently bought AU$104k worth of stock On the 3rd of October, Ian Davies bought around 450k shares on-market at roughly AU$0.23 per share. This transaction increased Ian's direct individual holding by 2x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$286k more in shares than they have sold in the last 12 months. Announcement • Oct 03
Amplitude Energy Limited, Annual General Meeting, Nov 06, 2025 Amplitude Energy Limited, Annual General Meeting, Nov 06, 2025. Location: ground floor, 55 currie street, adelaide, Australia New Risk • Oct 02
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 21% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. This is currently the only risk that has been identified for the company. Board Change • Oct 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Non-Executive Director Gillian Larkins was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Sep 24
Amplitude Energy Limited to Report Q1, 2026 Results on Oct 27, 2025 Amplitude Energy Limited announced that they will report Q1, 2026 results on Oct 27, 2025 Announcement • Sep 23
Amplitude Energy Limited has filed a Follow-on Equity Offering in the amount of AUD 50 million. Amplitude Energy Limited has filed a Follow-on Equity Offering in the amount of AUD 50 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 208,333,334
Price\Range: AUD 0.24
Discount Per Security: AUD 0.0225
Transaction Features: Subsequent Direct Listing Price Target Changed • Aug 19
Price target increased by 9.7% to AU$0.30 Up from AU$0.27, the current price target is an average from 9 analysts. New target price is 14% above last closing price of AU$0.26. Stock is up 30% over the past year. The company is forecast to post earnings per share of AU$0.018 next year compared to a net loss per share of AU$0.016 last year. Reported Earnings • Aug 19
Full year 2025 earnings released: AU$0.016 loss per share (vs AU$0.043 loss in FY 2024) Full year 2025 results: AU$0.016 loss per share (improved from AU$0.043 loss in FY 2024). Revenue: AU$268.1m (up 22% from FY 2024). Net loss: AU$41.3m (loss narrowed 64% from FY 2024). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Oil and Gas industry in Australia. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Announcement • Aug 14
Amplitude Energy Limited to Report Fiscal Year 2025 Results on Aug 19, 2025 Amplitude Energy Limited announced that they will report fiscal year 2025 results on Aug 19, 2025 Announcement • Jul 10
Amplitude Energy Limited to Report Q4, 2025 Results on Jul 16, 2025 Amplitude Energy Limited announced that they will report Q4, 2025 results on Jul 16, 2025 Announcement • Jul 08
Amplitude Energy Limited Announces Board Changes Amplitude Energy Limited announced that Mr. Ian Davies has been appointed to the Board as a Non-Executive Director, effective Friday 1
August 2025. Mr. John C Conde, AO, Chairman of the Company, has confirmed that he will not seek re-election to the Board at the Annual General Meeting on Thursday 6 November 2025 when his current term expires and, on behalf of the Board, has confirmed that Mr. Davies will be appointed
Chairman effective from that date 1. Mr. Conde will continue as Chairman until the conclusion of the AGM. Ms Elizabeth `Betsy' Donaghey will retire as a Non-Executive Director on 19 August, following the Board meeting at which the Company's annual accounts for FY2025 will be considered. As the Former CEO of Senex Energy and Chair of Australian Energy Producers, Mr. Davies Has Been Instrumental in Attracting Investment into East Coast Energy Infrastructure to Support Stable Domestic Gas Supply -- Critical Pillars for Industrial Productivity and National Competitiveness. During His Tenure At Senex, Mr. Davies Transformed the Business from A Micro-Cap Explorer into A Leading East Coast Gas Producer, Supplying Approximately 15% of the Domestic Market. He Oversaw A $1 Billion Expansion in Queensland's Surat Basin, Created over 900 Regional Jobs, and Secured Long-Term Gas Supply Agreements with Key Australian Manufacturers, Including Bluescope Steel -- Directly Aligning with the Federal Government's Future Made in Australia Strategy. Mr. Davies Is Regarded Widely for His Strategic Foresight, Disciplined Execution and Stakeholder Engagement, His Integrity and His Strong Commercial Acumen. He Has Been A Leading Voice in National Energy Policy, Contributing to Gas Market Reforms and Elevating the Influence of the Sector Through His Leadership At Australian Energy Producers. He Holds a Bachelor of Business from Qut, Is a fellow of Chartered Accountants Anz, and A Graduate of the Advanced Management Program At the Harvard Graduate School of Business. Ms Donaghey was first appointed to the Board on 25 June 2018 and will retire after seven years of service as a Non-Executive Director, including in recent times as Chair of the Risk & Sustainability Committee. New Risk • Jul 03
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$134m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$134m free cash flow). Earnings have declined by 13% per year over the past 5 years. Recent Insider Transactions • Jul 03
Independent Non-Executive Director recently bought AU$129k worth of stock On the 30th of June, Frank Tudor bought around 634k shares on-market at roughly AU$0.20 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$182k more in shares than they have sold in the last 12 months. Breakeven Date Change • Jun 30
Forecast breakeven date pushed back to 2026 The 9 analysts covering Amplitude Energy previously expected the company to break even in 2025. New consensus forecast suggests the company will make a profit of AU$40.8m in 2026. Average annual earnings growth of 65% is required to achieve expected profit on schedule. Announcement • Apr 15
Giselle Collins Retires as Non-Executive Director of Amplitude Energy Limited, Effective 15 April 2025 Amplitude Energy Limited advised that Ms. Giselle Collins has retired as a non-executive Director effective 15 April 2025. Ms. Collins was first appointed to the Board of Amplitude Energy (then known as Cooper Energy) on 19
August 2021 and has served with dedication, including in recent times as Chairman of the Board Audit Committee. Reported Earnings • Feb 28
First half 2025 earnings released: EPS: AU$0.003 (vs AU$0.034 loss in 1H 2024) First half 2025 results: EPS: AU$0.003 (up from AU$0.034 loss in 1H 2024). Revenue: AU$133.7m (up 26% from 1H 2024). Net income: AU$7.57m (up AU$98.3m from 1H 2024). Profit margin: 5.7% (up from net loss in 1H 2024). The move to profitability was primarily driven by lower expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Oil and Gas industry in Australia. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Announcement • Feb 18
Amplitude Energy Limited to Report First Half, 2025 Final Results on Feb 25, 2025 Amplitude Energy Limited announced that they will report first half, 2025 final results on Feb 25, 2025 Announcement • Jan 17
Amplitude Energy Limited to Report Q2, 2025 Results on Jan 22, 2025 Amplitude Energy Limited announced that they will report Q2, 2025 results on Jan 22, 2025 Announcement • Nov 07
Cooper Energy Limited Announces Board Appointments Cooper Energy Limited at the AGM held on November 7, 2024, the shareholders approved the appointment of Gary Gray AO and Frank Tudor as a Director. Announcement • Nov 06
Cooper Energy Limited Revises Production Guidance for Financial Year 2025 Cooper Energy Limited revised production guidance for financial Year 2025. For the period, the company now expects production to 65 Tje -72 TJe per day (previously 62 Tje to 69 TJe per day). Reported Earnings • Aug 28
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: AU$0.043 loss per share (further deteriorated from AU$0.026 loss in FY 2023). Revenue: AU$219.0m (up 11% from FY 2023). Net loss: AU$114.1m (loss widened 67% from FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 39%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Oil and Gas industry in Australia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance. Major Estimate Revision • Aug 14
Consensus EPS estimates fall by 35% The consensus outlook for fiscal year 2024 has been updated. 2024 expected loss increased from -AU$0.05 to -AU$0.068 per share. Revenue forecast unchanged at AU$219.4m. Oil and Gas industry in Australia expected to see average net income growth of 17% next year. Consensus price target of AU$0.25 unchanged from last update. Share price fell 4.4% to AU$0.21 over the past week. Price Target Changed • Apr 17
Price target increased by 8.6% to AU$0.23 Up from AU$0.21, the current price target is an average from 10 analysts. New target price is 8.6% above last closing price of AU$0.21. Stock is up 20% over the past year. The company is forecast to post a net loss per share of AU$0.048 next year compared to a net loss per share of AU$0.026 last year. Price Target Changed • Apr 10
Price target increased by 8.1% to AU$0.21 Up from AU$0.20, the current price target is an average from 10 analysts. New target price is 5.3% below last closing price of AU$0.23. Stock is up 45% over the past year. The company is forecast to post a net loss per share of AU$0.048 next year compared to a net loss per share of AU$0.026 last year. Major Estimate Revision • Mar 07
Consensus EPS estimates fall by 103% The consensus outlook for fiscal year 2024 has been updated. 2024 expected loss increased from -AU$0.015 to -AU$0.03 per share. Revenue forecast unchanged at AU$221.8m. Oil and Gas industry in Australia expected to see average net income growth of 18% next year. Consensus price target up from AU$0.19 to AU$0.20. Share price rose 3.4% to AU$0.15 over the past week. Major Estimate Revision • Mar 04
Consensus EPS estimates fall from profit to AU$0.03 loss, revenue upgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from AU$216.8m to AU$222.6m. Now expected to report loss of -AU$0.03 instead of AU$0.0017 per share profit. Oil and Gas industry in Australia expected to see average net income growth of 30% next year. Consensus price target up from AU$0.18 to AU$0.19. Share price rose 3.3% to AU$0.15 over the past week. Reported Earnings • Feb 28
First half 2024 earnings released: AU$0.034 loss per share (vs AU$0.002 loss in 1H 2023) First half 2024 results: AU$0.034 loss per share (further deteriorated from AU$0.002 loss in 1H 2023). Revenue: AU$105.9m (up 4.6% from 1H 2023). Net loss: AU$90.8m (loss widened AU$86.6m from 1H 2023). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Oil and Gas industry in Australia. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Price Target Changed • Feb 28
Price target increased by 7.5% to AU$0.19 Up from AU$0.18, the current price target is an average from 9 analysts. New target price is 33% above last closing price of AU$0.14. Stock is down 3.3% over the past year. The company is forecast to post a net loss per share of AU$0.0005 next year compared to a net loss per share of AU$0.026 last year. Announcement • Feb 22
Cooper Energy Limited to Report First Half, 2024 Results on Feb 27, 2024 Cooper Energy Limited announced that they will report first half, 2024 results on Feb 27, 2024 New Risk • Jan 22
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-AU$213m free cash flow). Minor Risk Share price has been volatile over the past 3 months (13% average weekly change). Major Estimate Revision • Jan 12
Consensus EPS estimates fall by 49% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from AU$0.0015 to AU$0.0008 per share. Revenue forecast steady at AU$211.1m. Net income forecast to grow 99% next year vs 13% decline forecast for Oil and Gas industry in Australia. Consensus price target broadly unchanged at AU$0.19. Share price fell 3.1% to AU$0.15 over the past week. Announcement • Nov 08
Strike Energy Reportedly Out of Race for Oil, Gas Assets The $1 billion West Australian gas producer Strike Energy Limited (ASX:STX) is understood have pulled out of the race to buy Woodside Energy Group Ltd. (ASX:WDS)'s $500 million ($768 million)-plus Pyrenees and Macedon oil and gas projects. The sale process is proving to be slow moving for the suitors that remain in the race, with some questioning whether it will drag out into the new year. It is understood Strike was keen to buy the Macedon project but was not in a position to also take on Pyrenees. The sale process is being run by Morgan Stanley. Woodside inherited the two gas facilities in WA's Carnarvon Basin through its acquisition of BHP's petroleum business last year. First-round bids were received last month, but the offers were not conforming bids, with most suitors only vying for the more popular Macedon asset. DataRoom understands that parties that have been in the data room are The Carlyle Group Inc. (NasdaqGS:CG), Cooper Energy Limited (ASX:COE), the Chris Ellison-backed Mineral Resources Limited (ASX:MIN), billionaire Gina Rinehart's Hancock Prospecting Pty Ltd, Carnarvon Energy Limited (ASX:CVN), Strike Energy Limited (ASX:STX), Jadestone Energy plc (AIM:JSE) and Questus Energy LLC. Beach Energy was not thought to have put forward a bid because it currently has an Interim Chief Executive running the company, Bruce Clement. Sources believe that Beach, which is 30% controlled by the interests of billionaire Kerry Stokes and now chaired by his son Ryan on an interim basis, is the logical candidate to buy the assets. Price Target Changed • Oct 25
Price target decreased by 7.9% to AU$0.19 Down from AU$0.20, the current price target is an average from 10 analysts. New target price is 86% above last closing price of AU$0.10. Stock is down 55% over the past year. The company is forecast to post earnings per share of AU$0.001 next year compared to a net loss per share of AU$0.026 last year. Announcement • Sep 15
Woodside Energy's Pyrenees and Macedon Oil and Gas Projects Reportedly Up for Sale through Morgan Stanley Australian listed energy groups may be getting busy on the acquisitions front, with talk of interest in Woodside Energy Group Ltd. (ASX:WDS)'s Pyrenees and Macedon oil and gas projects up for sale through Morgan Stanley. DataRoom understands bids for the assets, which are expected to sell for between $500 million and $1 billion, are due next month. Among the groups set to put in an offer are Carnarvon Energy Limited (ASX:CVN). Carnarvon, the joint owner of the Dorado project in Western Australia with Santos, has a market value of $270 million but now has $175 million of cash on its balance sheet which it is keen to put to work. Canarvon recently finalised a deal with Taiwan's CPC Corp. to sell a 10% stake in its Dorado and Pavo projects, about 140km off the cost of Port Hedland, for an all-up payment of $146 million. Canarvon recently finalised a deal with Taiwan's CPC Corp. to sell a 10% stake in its Dorado and Pavo projects, about 140km off the cost of Port Hedland, for an all-up payment of $146 million. Other groups believed to be keen are Beach Energy Limited (ASX:BPT) and Cooper Energy Limited (ASX:COE). However, the talk is that both need funding partners and are in the market hunting for a joint venture suitor. And sourcing funding, particularly debt, for oil and gas is never an easy assignment as investors favour renewable energy opportunities amid concerns over climate change impacts. Reported Earnings • Aug 30
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: AU$0.026 loss per share (further deteriorated from AU$0.006 loss in FY 2022). Revenue: AU$196.9m (down 4.1% from FY 2022). Net loss: AU$68.5m (loss widened AU$57.9m from FY 2022). Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) also missed analyst estimates. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 1.1% decline forecast for the Oil and Gas industry in Australia. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings. New Risk • Jul 19
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$180m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. This is currently the only risk that has been identified for the company. Announcement • Jul 17
Cooper Energy Limited Appoints Nicole Ortigosa as Company Secretary and General Counsel Cooper Energy Limited announced that Ms Nicole Ortigosa has been appointed as Company Secretary and General Counsel effective 17 July 2023. Ms Ortigosa was appointed Acting Company Secretary and General Counsel on 21 April 2023. Ms Ortigosa joined Cooper Energy in 2017 and brings nearly 15 years experience in corporate law, specialising in energy and resources. Price Target Changed • Jun 28
Price target decreased by 8.7% to AU$0.22 Down from AU$0.24, the current price target is an average from 10 analysts. New target price is 51% above last closing price of AU$0.14. Stock is down 42% over the past year. The company is forecast to post earnings per share of AU$0.003 next year compared to a net loss per share of AU$0.0064 last year. Announcement • Jun 07
Cooper Energy Limited Revises Production Guidance for Fiscal Year 2023 Cooper Energy Limited revised production guidance for Fiscal year 2023. For the year, production guidance has been narrowed, with the low end of guidance revised down 0.5%. Company now expects production to be in range of 3.53 MMboe to 3.56 MMboe against previous guidance of 3.55 MMboe to 3.70 MMboe. Announcement • May 24
Hector Gordon Intends to Retire as Non-Executive Director of Cooper Energy Limited, Effective on 23 June 2023 Cooper Energy Limited announced that Hector Gordon has informed the Company of his intention to retire as a Non-Executive Director of the Company's Board of Directors effective from 23 June 2023. Mr. Gordon joined Cooper Energy as an Executive Director in 2012 following Cooper Energy's takeover of Somerton Energy where Mr. Gordon was the Managing Director. Mr. Gordon has been a Non-Executive Director since 2017. Recent Insider Transactions • Apr 06
Independent Non-Executive Director recently bought AU$153k worth of stock On the 3rd of April, Jeffrey Schneider bought around 1m shares on-market at roughly AU$0.15 per share. This transaction amounted to 70% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$455k more in shares than they have sold in the last 12 months. Price Target Changed • Mar 23
Price target decreased by 8.1% to AU$0.24 Down from AU$0.27, the current price target is an average from 9 analysts. New target price is 63% above last closing price of AU$0.15. Stock is down 47% over the past year. The company is forecast to post earnings per share of AU$0.0013 next year compared to a net loss per share of AU$0.0064 last year. Recent Insider Transactions • Mar 09
Independent Non-Executive Chairman recently bought AU$99k worth of stock On the 6th of March, John Conde bought around 645k shares on-market at roughly AU$0.15 per share. This transaction amounted to 51% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. John has been a buyer over the last 12 months, purchasing a net total of AU$195k worth in shares. Reported Earnings • Mar 01
First half 2023 earnings released: AU$0.002 loss per share (vs AU$0.004 loss in 1H 2022) First half 2023 results: AU$0.002 loss per share. Revenue: AU$101.2m (up 6.1% from 1H 2022). Net loss: AU$6.25m (loss widened 5.4% from 1H 2022). Revenue is forecast to grow 13% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Australia are expected to remain flat. Price Target Changed • Feb 28
Price target decreased by 9.9% to AU$0.26 Down from AU$0.29, the current price target is an average from 10 analysts. New target price is 59% above last closing price of AU$0.17. Stock is down 41% over the past year. The company is forecast to post earnings per share of AU$0.018 next year compared to a net loss per share of AU$0.0064 last year. Announcement • Jan 22
Cooper Energy Limited to Report Fiscal Year 2023 Final Results on Oct 09, 2023 Cooper Energy Limited announced that they will report fiscal year 2023 final results on Oct 09, 2023 Announcement • Jan 17
Cooper Energy Limited to Report Q2, 2023 Results on Jan 24, 2023 Cooper Energy Limited announced that they will report Q2, 2023 results on Jan 24, 2023 Announcement • Dec 20
Cooper Energy Limited Announces Appointment of Jane Norman as Managing Director and CEO Cooper Energy Limited announced that Mr. David Maxwell intended to retire in 2023 as Managing Director and CEO of Cooper Energy. Cooper Energy announced the appointment of Ms. Jane Norman as Cooper Energy's CEO and Managing Director, effective 20 March 2023. Further details about Mr. Maxwell's retirement will be released once the transition plans are settled. Mr. Maxwell is very supportive of Jane's appointment and said he is looking forward to working with her to ensure a smooth transition. Jane has worked and studied in Australia and the UK and brings 30 years of industry experience in the energy markets. She began her career with Shell International Exploration & Production as a Process Engineer in operations and then as a Commercial Advisor in The Hague, Aberdeen and London. Subsequently, in London, Jane held corporate finance and equity capital markets roles with Cazenove & Co (now JP Morgan Cazenove) and Goldman Sachs. Jane returned to Australia to join Santos where she held senior commercial, corporate strategy and Executive Committee roles. She led major strategic initiatives at Santos and played a key role in Santos' growth strategy, in particular the merger with Oil Search. During her time at Santos Jane helped drive the transformation of company performance - helping to establish the growth strategy focused on cash generation and shareholder returns and, more recently, the company's energy transition strategy. Jane holds a Bachelor of Science (Pure Mathematics and Chemistry) and Bachelor of Chemical Engineering (Hons) from the University of Sydney and a Graduate Diploma in Management and Economics of Natural Gas (Distinction) from the University of Oxford. Jane is a Graduate of theAustralian Institute of Company Directors. Jane resides in Adelaide and is married with three daughters. Announcement • Nov 22
Cooper Energy Limited Affirms Production Guidance for the Fiscal Year 2023 Cooper Energy Limited affirmed production guidance for the fiscal year 2023. For the year, the company reaffirmed production guidance as issued on 22 August, 2022. Reported Earnings • Aug 23
Full year 2022 earnings released: AU$0.006 loss per share (vs AU$0.018 loss in FY 2021) Full year 2022 results: AU$0.006 loss per share (up from AU$0.018 loss in FY 2021). Revenue: AU$205.4m (up 56% from FY 2021). Net loss: AU$10.6m (loss narrowed 65% from FY 2021). Over the next year, revenue is forecast to grow 11%, compared to a 68% growth forecast for the Oil and Gas industry in Australia. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings. Announcement • Aug 22
Cooper Energy Limited Announces Reserves and Contingent Resources At 30 June 2022 Cooper Energy Limited provided the following update in relation to its gas and oil Rese and Contingent Resources at 30 June 2022. Cooper Energy's 2P gas and oil Reserves at 30 June 2022 are assessed to be 39.5 MMboe Key factors contributing to the reduction in Reserves since 30 June 2021 include: production of 3.3 MMboe in FY22; a decision to defer further development of the Henry gas field to a future campaign, resulting in a revised classification from Undeveloped Reserves to Contingent Resource. There was also a reduction at Henry due to a revised subsurface interpretation; and the divestiture of Cooper Basin permit PPL 207 to Bass Oil Ltd. Contingent Resources Cooper Energy's 2C gas and oil Contingent Resources at 30 June 2022 are assessed to be 36.9 MMboe. The increase is primarily due to the addition of reclassified Henry undeveloped Reserves to Contingent Resource and upwards revisions at the Annie gas field. Notes on calculation of Reserves and Contingent Resources; Cooper Energy prepares its petroleum Reserves and Contingent Resources in accordance with the definitions and guidelines in the Society of Petroleum Engineers (SPE) 2018 Petroleum Resources Management System (PRMS). The estimates of petroleum Reserves and Contingent Resources contained in this Reserves statement are as at 30 June 2022. The Company is not aware of any new information or data that materially affects the estimates of reserves and contingent resources, and the material assumptions and technical parameters underpinning the estimates continue to apply and have not materially changed. Unless otherwise stated, all references to Reserves and Contingent Resources quantities in this document are Cooper Energy's net share. Cooper Energy has completed its own estimation of Reserves and Contingent Resources for its operated Otway and Gippsland Basin assets. Elsewhere, Reserves and Contingent Resources estimation is based on assessment and independent views of information provided by the permit operators (Beach Energy Limited for PEL 92). Reference points for Cooper Energy's petroleum Reserves and Contingent Resources and production are defined points where normal operations cease, and petroleum products are measured under defined conditions prior to custody transfer. Fuel, flare and vent consumed prior to the reference point is excluded. Petroleum Reserves and Contingent Resources are prepared using deterministic and probabilistic methods. The Reserves and Contingent Resources estimate methodologies incorporate a range of uncertainty relating to each of the key reservoir input parameters to predict the likely range of outcomes. Project and field totals are aggregated by arithmetic summation by category. Aggregated 1P and 1C estimates may be conservative and aggregated 3P and 3C estimates may be optimistic due to the effects of arithmetic summation. Throughout this announcement, totals may not exactly reflect arithmetic addition due to rounding. The conversion factor of 1 PJ = 0.163 MMboe has been used to convert from sales gas (PJ) to oil equivalent (MMboe). Reserves; Under the SPE PRMS 2018, "Reserves are those quantities of petroleum anticipated to be commercially recoverable by application of development projects to known accumulations from a given date forward under defined conditions. The Otway Basin totals comprise the arithmetically aggregated project fields (Casino, Henry and Netherby). The Cooper Basin totals comprise the arithmetically aggregated PEL 92 fields. The Gippsland Basin totals comprise Sole Reserves only. Contingent Resources; Under the SPE PRMS 2018, "Contingent Resources are those quantities of petroleum estimated, as of a given date, to be potentially recoverable from known accumulations by application of development projects, but which are not currently considered to be commercially recoverable owing to one or more contingencies". The Contingent Resources assessment includes resources in the Gippsland, Otway and Cooper Basins. Announcement • Jul 14
Cooper Energy Limited has completed a Follow-on Equity Offering in the amount of AUD 159.969188 million. Cooper Energy Limited has completed a Follow-on Equity Offering in the amount of AUD 159.969188 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 404,081,632
Price\Range: AUD 0.245
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 248,853,830
Price\Range: AUD 0.245
Transaction Features: Rights Offering Announcement • Jul 07
Cooper Energy and APA Announces Operations Update Cooper Energy Limited provided the following update. At the Orbost Gas Processing Plant, operated by APA Group, the average processing rate for June was 45.4 TJ/d, 18% lower than the average processing rate for May of 55.7 TJ/d. A maximum rate of 60 TJ/d was achieved in June. The OGPP processing rate was reduced to 35.1 TJ/d on average during absorber cleans for 10 days in June. The OGPP has been processing at a steady rate of 55TJ/d between the last absorber cleans. Lower rates in June were attributed to the H2S polishing unit coming offline from 8 June. APA are currently undertaking a root cause analysis to understand why the polisher unit's performance has degraded. This analysis will guide the next steps to bring the polisher unit back online. Cooper Energy expects to complete its acquisition of the OGPP from APA in late July 2022. From completion, APA will operate the OGPP on Cooper Energy's behalf under a transitional services agreement, until the plant's Major Hazard Facilities License is transferred to Cooper Energy. During this period there will be continuity of key people, systems and processes under Cooper Energy's integration plan. The average processing rate at the Athena Gas Plant was 26.0 TJ/d in June, 1% higher than the May processing rate of 25.8 TJ/d. Work to optimise combined plant and field performance is ongoing. Ownership interests of the Athena Gas Plant and Casino Henry Netherby fields are Cooper Energy (50% and Operator), Mitsui E&P Australia Pty Ltd. (25%) and Peedamullah Petroleum Pty Ltd. (25%). Breakeven Date Change • Jun 28
Forecast breakeven date moved forward to 2022 The 10 analysts covering Cooper Energy previously expected the company to break even in 2023. New consensus forecast suggests the company will make a profit of AU$873.7k in 2022. Earnings growth of 36% is required to achieve expected profit on schedule. Announcement • Jun 24
Cooper Energy Limited has completed a Follow-on Equity Offering in the amount of AUD 84 million. Cooper Energy Limited has completed a Follow-on Equity Offering in the amount of AUD 84 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 342,857,142
Price\Range: AUD 0.245
Transaction Features: Subsequent Direct Listing Announcement • Jun 21
Cooper Energy Limited (ASX:COE) entered into binding agreement to acquire Orbost Gas Processing Plant of APA Group for AUD 330 million. Cooper Energy Limited (ASX:COE) entered into binding agreement to acquire Orbost Gas Processing Plant of APA Group for AUD 330 million on June 20, 2022. The upfront payment to APA is AUD 210 million followed by a series of deferred payments to APA. First post-completion payment of AUD 40 million within 12 months of completion, second post-completion payment between AUD 20 million and AUD 40 million within 24 months of completion and Third post completion payment of up to AUD 40 million within 36 months of completion. The transaction is expected to be complete in late July 2022. Announcement • Jun 06
Cooper Energy Limited Revises Sales and Production Guidance for Fiscal 2022 Cooper Energy Limited revised sales and production guidance for fiscal 2022. For the period, the company now expects a sales volume of 3.8 MMboe to 3.9 MMboe against the previous guidance of 3.7 MMboe to 3.9 MMboe.The company now expects production of 3.3 MMboe to 3.4 MMboe against the previous guidance of 3.2 MMboe to 3.4 MMboe. Announcement • May 18
Cooper Energy Limited Revises Production Guidance for the Fiscal Year 2022 Cooper Energy Limited revised production guidance for the fiscal year 2022. For the year, the company now expects production in the range of 3.2 to 3.4 MMboe and sales volume in the range of 3.7 to 3.9 MMboe against production of 3.0 to 3.4 MMboe and sales volume of 3.7 to 4.0 MMboe as previously forecasted. Announcement • Mar 31
Cooper Energy Limited Announces Executive Changes Cooper Energy limited announces appointment of Mr. David Di Blasio as Acting Chief Financial Officer, and its announcement on 24 December 2021 advising of the appointment of Mr. Dan Young as CFO. Mr. Young will be joining the Company with effect from the beginning of May 2022, and Mr. Di Blasio will be leaving Cooper Energy on 31 March 2022 after resigning and completing his notice period. Announcement • Mar 10
Cooper Energy and APA Announces Operations Update Cooper Energy provided the following operations update. At the Orbost Gas Processing Plant (OGPP) (owned and operated by APA Group), two sulphur absorbers were cleaned back-to-back in a 6-day period in February, with an average rate of 28.9 TJ/day during this clean. The average processing rate in February was 44.7 TJ/day, and since 23 February the average rate has been 51.1 TJ/day. The OGPP is currently producing at 50 to 55 TJ/day. This steadily improving performance is the result of optimisation by the APA operations team. APA and Cooper Energy continue to work on the optimal installation and commissioning strategy for the Phase 2B works. The OGPP is expected to be shut down for approximately 9 days at the end of March for the installation of a H2S guard bed vessel (also known as a gas polishing unit) and the shutdown dependent components of the Sulphur Removal Package (SRP). Cooper Energy and APA have jointly decided to defer the tie-ins of the SRP package. The optimal timing of the final tie-in and commissioning of the SRP will be determined balancing plant operability with maintaining higher production rates for gas customer demand over the upcoming winter period. The average processing rate at the Athena Gas Plant was 26.8 TJ/d in February, consistent with the January average rate. This rate has been achieved utilising two of the available four Casino Henry Netherby (CHN) wells, with work on optimising processing rates and well configuration ongoing. Trials utilising three wells commenced at the beginning of March and have been successful to date, with the average processing rate for the period from 1 March to 7 March inclusive being 32.5 TJ/day. Ownership interests of the Athena Gas Plant and CHN fields are Cooper Energy (50% and Operator), Mitsui E&P Australia Pty Ltd. (25%) and Peedamullah Petroleum Pty Ltd. (25%). Reported Earnings • Feb 23
First half 2022 earnings: EPS misses analyst expectations First half 2022 results: AU$0.004 loss per share (up from AU$0.014 loss in 1H 2021). Revenue: AU$95.4m (up 96% from 1H 2021). Net loss: AU$5.93m (loss narrowed 74% from 1H 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 10%. Over the next year, revenue is forecast to grow 16%, compared to a 29% growth forecast for the industry in Australia. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Announcement • Jan 28
Cooper Energy Limited Provides Production Guidance for the Second Half of 2022 Cooper Energy Limited provided production guidance for the second half of 2022. The company expects further increase of production in the second half, and at present, they are tracking towards the high end of their year-end guidance numbers. Major Estimate Revision • Jan 28
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 losses forecast to reduce from -AU$0.01 to -AU$0.01 per share. Revenue forecast steady at AU$192.4m. Oil and Gas industry in Australia expected to see average net income growth of 107% next year. Consensus price target broadly unchanged at AU$0.32. Share price was steady at AU$0.30 over the past week. Major Estimate Revision • Dec 23
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 losses forecast to reduce from -AU$0.01 to -AU$0.01 per share. Revenue forecast unchanged from AU$190.3m at last update. Oil and Gas industry in Australia expected to see average net income growth of 107% next year. Consensus price target of AU$0.30 unchanged from last update. Share price rose 5.8% to AU$0.28 over the past week. Major Estimate Revision • Dec 08
Consensus EPS estimates fall to -AU$0.0089 The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from AU$193.6m to AU$191.5m. Losses expected to increase from -AU$0.0065 to -AU$0.0089. Oil and Gas industry in Australia expected to see average net income growth of 103% next year. Consensus price target of AU$0.30 unchanged from last update. Share price was steady at AU$0.27 over the past week. Announcement • Dec 01
Cooper Energy Reportedly in Talks to Buy Orbost Gas Processing Plant from APA Cooper Energy Limited (ASX:COE) is believed to be in talks with the APA Group (ASX:APA) to purchase the Orbost Gas Processing Plant. Expectations are that Cooper Energy will pay about $200 million for the asset, 375km east of Melbourne on the Victoria east coast. The two groups had formed a joint venture for the Sole Gas Project, comprising an offshore project to develop and connect the gas field managed by Cooper Energy and an onshore project managed by APA to upgrade the Orbost gas plant to process Sole gas for supply into the Eastern Gas Pipeline. 
