Beach Energy Spuds Butlers-7 Well in PEL 92 in Cooper Basin

Australia-based exploration and production company Cooper Energy Limited reported Friday that Butlers-7, an oil development well located in PEL 92 on the western flank of the Cooper Basin, South Australia was spud Wednesday Oct. 3 at 14:30 hours. The rig is currently drilling ahead in the 12.25 inch surface hole.

Butlers-7, a deviated well located 344.5 feet (105 meters) north-northwest of Butlers-6, is prognosed to drill to a total depth of approximately 4,593.1 feet (1,440 meters) to accelerate production from the Namur Sandstone. Drilling results are expected next week.

After drilling and evaluation of Butlers-7, Butlers-8 will be drilled to further accelerate production from the Namur Sandstone, as well as test the deeper Birkhead Formation secondary target.

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

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