Cooper Energy Limited has announced that David Maxwell will remain as Managing Director and CEO, until Jane Norman commences on 20 March 2023 and will remain in employment to facilitate a handover until 3 July 2023.

Maxwell will still be eligible for his remuneration entitlements.

Cooper Energy is an exploration and production company which generates revenue from gas supply to south-east Australia and low-cost Cooper Basin oil production.

It has a portfolio of gas supply contracts, reserves and resources in the Otway and Gippsland basins, including the Sole gas field in the Gippsland Basin which recently became the first new offshore gas development in south-east Australia to commence production in several years.