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Cooper Energy Reports Successful Conclusion to PEL 92 Drilling Program

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Australia's oil and gas exploration and production firm Cooper Energy Limited reported Friday that Callawonga-9, an oil development well in PPL 220 on the western flank of the Cooper Basin, South Australia has penetrated at least 19 feet (6 meters) of gross oil column in the McKinlay Member and the Namur Sandstone, with at least 13 feet (4 meters) of net oil pay.

The well was drilled to a total depth of  5,589 feet (1,703.5 meters) and has been cased and suspended for completion as an oil producer. Callawonga-9 will be linked into the existing Callawonga production facilities.

Cooper Energy Executive Director-Exploration and Production, Hector Gordon said “Callawonga-9 completes this phase of our current PEL 92 drilling program with four successes from four wells, each of which has been completed as a future oil producer.” Previous wells in the program included the Windmill-2 appraisal well and the Butlers-7 and Butlers-8 development wells.

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

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