Beach Energy Fails to Find Oil at Sensation-1 Well in Cooper Basin

Cooper Energy Limited, an Australian exploration and production company, reported Monday that Sensation-1, an oil exploration well located in PRL 98, Cooper Basin, South Australia, is being plugged and abandoned after reaching a total depth of 6,355 feet (1,937 meters) in the Merrimelia Formation.

No oil shows were recorded in the well.

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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