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Cooper Energy Drilling Program in PEL 92 Off to a Successful Start

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Australia-listed Cooper Energy Limited reported Monday that Windmill-2, an appraisal well in PEL 92 on the western flank of the Cooper Basin, South Australia has penetrated 13.1 feet (4 meters) of net oil pay in the Namur Sandstone reservoir. The well also encountered encouraging oil shows in the deeper Birkhead Formation, within two separate sands totalling 6.56 feet (2 meters) in thickness.

The well, which has been drilled to a total depth of 1,743 metres, has been cased and suspended for completion as an oil producer.

Cooper Energy Executive Director - Exploration and Production, Hector Gordon said “Windmill-2 will accelerate oil production from the Windmill field which was discovered late last year and is a good start to our current four well program in PEL 92.”

With Windmill-2 cased and suspended, the rig will move to the Butlers oil field, also in PEL 92, where it will continue the four well campaign with the drilling of Butlers-7. Butlers-8 and Callawonga-7 are scheduled to follow.

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

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