ASX Announcement / Media Release

10 December 2019

Sole Gas Project update

Cooper Energy (ASX:COE) provides the following update on the status of the Sole Gas Project and in particular the upgrade of the Orbost Gas Plant and the outlook for first gas production.

As previously advised, the Sole gas field is ready to produce gas on completion of the Orbost Gas Plant upgrade and commissioning which is being managed by the plant owner, APA Group (ASX:APA).

APA has advised the responsibility for management of the Orbost site was transferred from the construction contractor Downer Limited, to APA on 10 December 2019. This is an important milestone which allows APA to continue with the next phase of commissioning activities, including the onsite power generation.

The introduction of gas from the Eastern Gas Pipeline (EGP) for the first phase of gas commissioning is planned to commence in early January 2020. APA has advised the second phase of gas commissioning, which involves gas supply from the Sole gas field, is now planned to commence late January. On this basis, the first supply of Sole sales gas to the EGP should commence in February 2020.

Cooper Energy will provide further updates as milestones are achieved or their dates become certain.

Further comment and information:

David Maxwell

Don Murchland

Managing Director

Investor Relations

+61 8 8100 4900

+61 439 300 932

About Cooper Energy Limited (ASX:COE) is an ASX listed exploration and production company which generates revenue from gas supply to south-east Australia and low cost Cooper Basin oil production. The company is an emerging player in the south-east Australian energy sector holding a portfolio of gas supply contracts and one of the most extensive portfolios of gas-focussed acreage and assets, including well located reserves and resources in the Otway and Gippsland basins. The most significant resource, the Sole gas field in the Gippsland Basin, is currently being developed to provide a new source of gas supply for south-east Australia.

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Cooper Energy Limited published this content on 10 December 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 December 2019 23:30:09 UTC