Beach Energy Completes Callawonga-12 Well Drilling in Cooper Basin

Beach Energy Ltd. completed logging operations Thursday at the Callawonga-12 oil development well in PPL 220 on the western flank of South Australia's Cooper Basin, with the well to be cased and suspended after reaching a total depth of 4,754 feet (1,449 meters) in the Westbourne Formation.

Joint venture partner Cooper Energy said the operator drilled the Callawonga-12 well 755 feet (230 meters) southeast from the Callawonga-3 production well to accelerate production from the northern part of the field. A gross oil column of 13 feet (24 meters) or approximately 6.6 feet (2 meters) net oil was interpreted in the primary target McKinlay Member and Namur Sandstone.

"This is a pleasing result which reinforces the remaining production and development potential upside in the Callawonga oil field," David Maxwell, Cooper Energy's managing director said in the press release.

After work is completed at Callawonga-12, the rig will leave the yard before returning in October to drill 1 to 2 exploration wells in PRL’s 85-104. Cooper Energy holds a 25 percent interest in PPL 220, with the balance held by the field operator.



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