Canaccord Genuity acts as Joint Lead Manager and Bookrunner to Cooper Energy Limited on its $134.6
Million Entitlement Offer

Canaccord Genuity is pleased to announce the completion of a fully underwritten accelerated non-renounceable entitlement offer (“Entitlement Offer”) of approximately 456.2 million new fully paid ordinary shares at an offer price of AUD$0.295 per share, raising gross proceeds of A$134.6 million on behalf of Cooper Energy Ltd. (“Cooper Energy”) (ASX.COE). Canaccord Genuity acted as Joint Lead Manager and Bookrunner to the transaction, which was heavily oversubscribed by both new and existing institutional shareholders.

The proceeds of the Entitlement Offer will be used to fund the remaining capital costs of the Sole Gas Project (“Sole”) and permit the declaration of the Final Investment Decision for Sole. Proceeds will also be applied towards capital expenditure identified for Cooper Energy’s offshore and onshore Otway Basin and Cooper Basin operations and maintenance of the offshore Gippsland Basin facilities.

Cooper Energy is an ASX listed oil and gas exploration and production company featuring low cost oil and gas production and a growing portfolio of gas reserves and exploration acreage. Cooper Energy conducts oil exploration and production in the Cooper Basin, gas production in the Otway Basin and is working towards development of its Gippsland Basin gas reserves to address growing supply opportunities in south-eastern Australia.

The Entitlement Offer is the 3rd equity transaction which Canaccord Genuity has led for Cooper Energy, having acted as joint lead manager and bookrunner on a A$151 million equity offering in March 2017 and a A$63 million equity offering in October 2016.