Cooper Spuds Parsons Well

Cooper announced that the Parsons-4 development well in PPL224 spudded at 10:30 pm on Friday, March 25, 2011. The current operation is cementing the 9⅝” casing at 640 meters.

Parsons-4 is the second appraisal/development well on the Parsons Oil Field in the current drilling program and follows the recently successful Parsons-3 well. Parsons-4 is targeting the Namur oil reservoir to the south of the Parsons-1 discovery well. The well will be drilled to a total depth of 1,412 meters and is expected to take 9 days to drill and complete.

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