Windmill-2 Kicks Off a 4 Well Drilling Campaign in PEL 92

Australia-listed Cooper Energy Limited (ASX: COE) reported Monday that a 4 well drilling campaign has commenced in PEL 92 on the western flank of the Cooper Basin, South Australia with the spudding of Windmill-2 Sept. 21 at 22:00 hours.

The campaign aims to optimize oil production from existing oil fields and comprises:

  • Windmill-2, to appraise the Windmill oil discovery and accelerate production from the Namur Sandstone reservoir
  • Butlers-7 and Butlers-8, which will seek to accelerate production from the Namur Sandstone reservoir by targeting locations up-dip of producing oil wells; and
  • Callawonga-9, to accelerate production rates from the Callawonga oil field

It is anticipated Windmill-2 will be completed within 12 days from spudding, and the four well drilling program by the end of October 2013.

Cooper Energy holds a 25 percent interest in PEL 92 with the balance held by the Operator, Beach Energy Limited.

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