Cooper Starts Drilling at Perlubie-2 Well

Cooper announced that the Perlubie-2 appraisal/development well in PEL92 spudded at 10:00 am, Friday, August 19, 2011. The current operation is drilling the surface hole.

Perlubie-2 is targeting the Namur oil reservoir and is located 0.8 km to the southeast of the Perlubie-1 and 0.6 km to the northeast of Perlubie South-1 production wells. Perlubie-2 will be drilled to a total depth of 1,362 meters and is expected to take 8 days to drill and complete.