Shelly-1 Well in SA's PEL 92 Encounters Non-Commercial Hydrocarbons

Cooper Energy Limited reported Wednesday that Shelly-1, the final well of the current exploration campaign in PEL 92, Cooper Basin, South Australia, has been plugged and abandoned after reaching a total depth of 6,371 feet (1,942 meters) and encountering hydrocarbons in the primary target which were considered non-commercial.

The rig will move to the Elliston-2 well location in PPL 249, located east of the Parsons oil field. Elliston-2 is an oil development well aimed at accelerating production from the Namur Sandstone reservoir.

Participating interests in PEL 92 and PPL 249 are:

  • Cooper Energy (25 percent)
  • Beach Energy (75 percent and Operator)

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