Cooper Energy announced that it is planned to complete the Butlers-1 well as an oil producer within a few weeks. It is expected that this well will contribute to the PEL92 production volumes from later in 2009 once a flow-line has been run from the Butlers-1 well to the Parsons Oil Facilities.
Cooper Energy's estimate of recoverable oil volumes for the Butlers Oil Field is as follows:
The Butlers Oil Field will increase Cooper Energy's oil ultimate recovery and assist in sustaining the Company's future oil production volumes.
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