Cooper Energy Reports Poor Oil Shows at Akela-1 Well in Cooper Basin

Cooper Energy Limited reported Wednesday that Akela-1, an exploration well in PEL 110, Cooper Basin, South Australia, has been cased and suspended after reaching a total depth of 8,779 feet (2,676 meters) in Pre-Permian Basement.

Trace to poor oil shows were observed throughout the well with the best oil shows recorded in the Birkhead Formation. A basal Birkhead Formation sandstone was identified as a potential hydrocarbon bearing zone however several attempts to sample reservoir fluids from this formation were unsuccessful due to poor borehole conditions. The Operator has cased and suspended the well for potential future evaluation of the Birkhead Formation.

EDA Rig 4 is scheduled to return to the area in early December to drill the Jenners-1 oil exploration well approximately 1.4 miles (2.3 kilometers) north of Fairbridge-1 in PEL 100, in which Cooper Energy has a 19.165 percent interest.

Participating interests in PEL 110 are:

  • Cooper Energy (20 percent)
  • Orca Energy (20 percent)
  • Senex Energy (60 percent and Operator)


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