Carrie Trembath (ILF2017), Dean Johnson (ILF2021), InDaily
Soaring gas prices and solid production from their Victorian operations have helped Adelaide-based companies Beach Energy and Cooper Energy to record revenue years.
The two listed companies last week posted their fourth quarter reports, which revealed significant revenue increases.
Beach Energy’s quarterly production was up 9 per cent in the three months to June 30 with quarterly revenue up 10 per cent to $504 million.
It said the production increase was underpinned by higher customer gas demand from the offshore Otway Basin in Victoria.
Cooper Energy announced record production, sales volume and revenue in FY22.