Beach Energy Spuds Elliston-2 Oil Development Well in Cooper Basin

Cooper Energy Limited reported Wednesday that Elliston-2, an oil development well located in PPL 249 on the western flank of the Cooper Basin, South Australia was spud Tuesday July 22 at 22:30 hours. At 06:00 hours today, the rig was drilling 12.25 inch surface hole at 531 feet (162 meters).

Elliston-2, a vertical well located 820 feet (250 meters) south-southwest of Elliston-1, is prognosed to drill to a total depth of approximately 5,429 feet (1,655 meters) to accelerate production and improve recovery from the Namur Sandstone reservoir. The well is expected to take approximately one week to drill and case.

Cooper Energy holds a 25 percent interest in PPL 249 with the balance held by the Operator, Beach Energy Limited.

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