On April 29, 2019, Cooper Energy (OTC:COPJF), a small-cap Australian E&P company, which I have already covered in October, recently published its March quarter report. Its quarterly revenue soared 43%, directly impacted by 2019 gas contracts, higher gas prices, and higher output. However, genuinely startling results are expected in FY20 (from July 2019 to June 2020), when the Sole Gas Project in the Gippsland Basin, which is currently ~98% complete, will prop up sales and cash flow.
The company's decision to pivot towards natural gas and trim the share of oil in