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Beach Energy Spuds Callawonga-9 Well in PPL 220 in Cooper Basin

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Cooper Energy Limited, an Australian oil and gas exploration and production firm announced that Callawonga-9, an oil development well, located in PPL 220 on the western flank of the Cooper Basin, South Australia was spud Saturday Oct. 26 at 07:00 hours. The rig is currently preparing to drill ahead in the 8.5 inch main hole after running casing.

Callawonga-9, a vertical well located 1,115 feet (340 meters) south of Callawonga-2 and Callawonga-6, is prognosed to drill to a total depth of approximately 5,577 feet (1,700 meters) to accelerate production from the Namur Sandstone. The well will also test the deeper Birkhead Formation. Drilling results are expected early next week.

The drilling and evaluation of Callawonga-9 will mark the conclusion of the current four well drilling campaign.

Cooper Energy holds a 25 percent interest in PPL 220 with the balance held by the Operator, Beach Energy Limited.

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