March 29 (Reuters) - Cooper Energy Ltd COE.AX :
* Commenced with a fully underwritten equity raising of approximately $151 million
* APA group is expected to acquire and undertake all capital expenditure associated with Orbost Gas Plant
* Sole gas project has been approved as ready to proceed by company's board of directors
* Will solely undertake upstream development, which has an expected capital cost of $355 million
* First full year of operation from Sole gas project is expected to lift Cooper Energy's annual production to more than 6 million boe Source text for Eikon: Further company coverage: COE.AX