Shares in emerging oil and gas exploration company Cooper Energy Ltd. (ASX: COE) are up 4.6% to 45c per share at the time of writing after rising 5% during yesterdays trade and up 25% from July 4 alone.
Cooper yesterday released a quarterly report for the 3 months to June 30 2018, announcing full-year revenue up 71%, with revenue for the quarter rising 51% and quarter production up 6% while full-year production rose 54%.
The stellar results come off the back of Cooper advising its Sole-3 flow-back was completed successfully with aims to connect the Sole gas field with the Orbost Gas Plant by October.
Most other energy players have slipped into the red today with Beach Energy Ltd (ASX: BPT) shares down 1.3% to $1.81, BHP Billiton Limited (ASX: BHP) down 1.1% to $32.70 and Origin Energy Ltd (ASX: ORG) down 1.5% to $9.46.
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Motley Fool contributor Carin Pickworth has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.