Cooper Energy Provides Update on Drilling in Indonesia, Australia
Joint Venture participants in the KSO Tangai-Sukananti Block are Cooper Energy Ltd. (Operator 55 percent) and Mega Adhyaksa Pratama Sukananti Ltd. (45 percent).
Separately, Cooper Energy disclosed Wednesday that Perlubie-3, an oil appraisal well located in PPL 247 on the Western Flank of the Cooper Basin, South Australia encountered a sub-commercial 3.6 feet (1.1 meter) oil column in the primary target Namur Sandstone. The well has therefore been plugged and abandoned.
The well reached a total depth of 4,681 feet (1,427 meters) in the Late Jurassic Westbourne Formation.
The PEL 92 Joint Venture is planning a drilling program commencing in late April/early May which comprises 1 development well and 1 appraisal well in the Callawonga Field together with an exploration well.
Cooper Energy holds a 25 percent interest in PPL 247 with the balance held by the Operator, Beach Energy Limited.
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