Page 12 - AsianOil Week 30 2022

AsianOil NEWS IN BRIEF AsianOil

EAST ASIA completion of its acquisition of the Orbost gas McCaul said: “We are very happy with the
processing plant from APA Group announced progress of the test so far, as the performance
JERA – FY2022 first- on 20 June 2022. of the well continues to strengthen daily with
APA will operate the plant on Cooper
higher gas rates. The distance from this well
quarter consolidated Energy’s behalf under a transitional services to the very successful Mira 6+ well to the
agreement until the plant’s Major Hazard
southeast is over 15 km, so it’s great to have
financial results Facilities License is transferred to Cooper demonstrated productive coals over that
distance. We plan to extend this distance
Energy. During this period there will be
JERA has today disclosed its consolidated continuity of key people, systems and again, with further appraisal at our other
financial results for the first quarter of FY2022 processes under Cooper Energy’s integration 100% block at Mahalo East. This block is
(April 1, 2022 through June 30, 2022). plan. also on the high-productivity fairway and
Operating revenue increased by 118.3% Completion of Cooper Energy’s will be appraised to add even more scale to
year-on-year to JPY1,574.5bn as the result proposed acquisition of the vacant land the Mahalo Gas Hub area in a very tight gas
of increased sales by fuel trading subsidiary immediately adjacent to the plant (comprising market. We are uniquely positioned with
JERA Global Markets (JERAGM) as well as a approximately AUD2mn of the total purchase a high equity position over the very large
year-on-year increase in electricity sales. price) is anticipated to occur once the Mahalo Gas Hub area, only 240 km west of
Despite increased JERAGM profit ACCC has completed its assessment of this Gladstone, and near pipeline infrastructure to
associated with fuel volume adjustments, net component of the transaction. both domestic and LNG markets”.
income / loss attributable to JERA was loss COOPER ENERGY, July 28, 2022 Comet Ridge will continue to provide
of JPY11.7bn as the result of losses due to the regular market updates as the production test
fuel cost adjustment system time lag. (Net Comet Ridge – Mahalo continues.
income excluding the impact of the fuel cost COMET RIDGE, July 26, 2022
adjustment system time lag was JPY81.7bn.) North gas production
JERA, July 27, 2022
passes 760 mcfd
OCEANIA Comet Ridge is pleased to advise that the
Mahalo North 1 well continues to increase
Cooper Energy – Orbost gas production, currently flowing at over
760 mcfd. This corresponds with the water
gas processing plant production rate declining from a peak of
approximately 1,560 bwpd (barrels of water
transaction completes per day) down to its current level of around
1,000 bwpd.
Cooper Energy is pleased to announce Comet Ridge managing director, Tor

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