Cooper Begins Drilling Well South of Butlers Field

Cooper announced that the Germein-1 exploration well in PEL 92 spudded at 0330 hours Wednesday August 31, 2011. The surface hole has been drilled to 600 meters and preparations are currently underway to run the 9⅝” surface casing.

Germein-1 is located 1.9 km south of the Butlers oil field. The well's primary objective is the Namur Sandstone, which is the oil reservoir in the nearby oil fields. The Germein prospect is estimated to contain 0.211 million barrels of Prospective Resources (P50). The well will be drilled to a total depth of about 1,410 meters and is expected to take about 10 days to drill and evaluate.

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