Beach Energy Spuds Sensation-1 Oil Prospect in PRL 98 in SA's Cooper Basin

Australia's exploration and production company Cooper Energy Limited reported Monday that Sensation-1, an oil exploration well located in PRL 98 on the western flank of the Cooper Basin, South Australia, has been spud Monday May 18 at 00:15 hours. At 06:00 hours this morning, the rig was drilling ahead at 203 feet (62 meters) in 12.25 inch surface hole.

The Sensation-1 well location is 1.8 miles (2.9 kilometers) north of the Callawonga Field. Sensation-1 is being drilled to a total depth of 6,309 feet (1,923 meters) in the Merrimelia Formation and is anticipated to be completed within 8 days.

The primary target of Sensation-1 is the Namur Sandstone, which is the oil-bearing reservoir in several fields in PEL 92 (Callawonga, Parsons, Windmill). The secondary targets of Sensation-1 are the McKinlay Member, Birkhead Formation and Poolowanna Formation, which are oil-bearing in several PEL 92 fields (e.g. Callawonga, Christies, Sellicks).

The drilling of Sensation-1 will conclude the current three well drilling campaign. The previous wells, Callawonga-10 and Callawonga-11 recorded development and appraisal successes.

Cooper Energy Limited holds a 25 percent interest in PRL 98, with the balance held by the Operator, Beach Energy Limited.

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