Cooper Energy (ASX:COE) announced financial results for the quarter ended 30 September 2022.

Record quarterly production: up 15% from the previous quarter to 0.99 MMboe.

Sales volume: up 10% to 0.98 MMboe.

584 TJ gas sold at spot prices: up 3% compared to previous quarter.

Average gas price: down 14% compared to previous quarter to A$9.06/GJ.

Revenue: down 11% to A$55.4 million, due to lower average gas prices and changes to the PEL92 oil lifting arrangements.

Orbost Gas Processing Plant acquisition completed, A$244 million equity raise and A$400 million debt facility executed.

Orbost Gas Processing Plant integration progressing to plan: including transfer of the Major Hazard Facility Licence.

Following the announcement the company?s share price fell 3.061%.