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Cooper Energy Ltd Announces Commencement Of Drilling At PEL 92

Tuesday, 26 Mar 2013 06:29pm EDT 

Cooper Energy Ltd announced that a six well drilling campaign is about to begin in the PEL 92 permit located on the highly prospective western flank of the Cooper/Eromanga basin, north-east South Australia. The permit contains producing oil fields and discoveries. The PEL 92 drilling campaign comprises four exploration/appraisal wells and two development wells: Rincon North-1, which is planned to commence drilling next week, will appraise the Rincon-1 oil discovery which was drilled in July 2011; two exploration wells, Sharples-1 and Wyomi-1, to be drilled west of the north-south trend of producing fields; plus a fourth exploration well, the location of which will be finalised after assessment of results of the previous wells; and two development wells, Callawonga-7 and Callawonga-8, to accelerate production from the Namur Sandstone. It is anticipated that the six well drilling program will be completed by end June 2012. Cooper Energy holds a 25% interest in PEL 92 with the balance held by the Operator, Beach Energy Limited. 

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-0.0050 -1.09%
18 Sep 2014