Cooper Energy Limited

Overnight US stocks slumped more than 5% as investors worried about the global financial crisis and a US recession, wiping out the gains from the Election Day rally as the problems facing US President-elect Barack Obama dimmed optimism on Wall Street.

Yesterday, the Australian share market ended almost 4% higher in its best two-day gain since 1975, adding $42 billion to the value of stocks listed in the All Ordinaries index. As confidence was buoyed, investors rushed back to the big miners and banks and pushed the two-day rally to 9% in total. The benchmark S&P/ASX200 index was up 154.5 points, or 3.7%, at 4335.2, while the broader All Ordinaries index gained 169.6 points, or 4.09%, to 4311.5.

The Australian share market ended a horror week on Friday, down more than 8% in a session that wiped A$106 billion from the value of stocks on the bourse. Last Friday the S&P/ASX200 index fell 8.3% in mid-afternoon trading, losing 360.2 points to plunge to 3960.7, the biggest one-day loss for the ASX200 index. Its affiliate, the All Ordinaries index, had its worst day since the October 1987 crash, losing 8.2%, or 351.9 points, to 3939.4. The ASX200 lost almost 16% for the week, about three times the amount it lost in the week after the September 11 attacks in 2001.

The Australian market has received a mixed lead, with Wall Street up while oil, gold and silver were down again. Yesterday local banks finished mixed despite heavy losses on Wall Street as the US investment bank Lehman was thought facing difficulties. Analysts said the market was volatile, heavy and irrational.

Yesterday Australian shares soared the most in almost half a year after the US Government's bailout of mortgage giants to calm investor worries about global market turbulence.

Cooper Energy Limited (ASX: COE) has reaped the twin benefits of record oil prices and a step-change in production from its South Australian operations during the December 2007 Quarter, delivering record quarterly production revenue of A$12.6 million - 103% up on the previous quarter - and laying the foundations for a pivotal growth year in 2008 as its offshore growth strategy moves into top gear.

Cooper Energy Limited (ASX: COE) - Kurnia-1 Update - Mr Mike Scott, MD; Cooper Energy Limited (ASX: COE) present the following audio webcast regarding "COE - Kurnia-1 Update - Mr Mike Scott, MD". You may also download this audio webcast to your computer or portable audio player.

Cooper Energy Limited (ASX: COE) - Cooper Energy Expands with A$60 million Capital Raising and Tunisian Farm-In - Mr Mike Scott, MD; Cooper Energy Limited (ASX: COE) present the following audio webcast regarding "Cooper Energy Expands with A$60 million Capital Raising and Tunisian Farm-In". You may also download this audio webcast to your computer or portable audio player.

Cooper Energy Limited (ASX: COE) - Rainbird 1 Well Spud - Mr Mike Scott, MD; Cooper Energy Limited (ASX: COE) present the following audio webcast regarding "Rainbird 1 Well Spud". You may also download this audio webcast to your computer or portable audio player.

Cooper Energy Limited (ASX: COE) - 2007 June Quarterly - Mr Mike Scott, MD; Cooper Energy Limited (ASX: COE) present the following audio webcast regarding "2007 June Quarterly". You may also download this audio webcast to your computer or portable audio player.