Cooper Energy Reports on Drilling Success at Butlers-8 Well in PEL 92

Australian oil and gas exploration and production firm Cooper Energy Limited reported Tuesday that the Butlers-8 oil well, located in PEL 92 on the western flank of the Cooper Basin, South Australia has penetrated 19.7 feet (6 meters) of net oil pay in the Namur Sandstone reservoir.

The well, which has been drilled to a total depth of 5,413.3 feet (1,650 meters), will be cased and suspended for completion as an oil producer and will be linked into the existing Butlers production facilities. Butlers-8 is the third well in a four well program in PEL-92, with preceding two wells, Butlers-7 and Windmill-8, also being successful and cased and suspended as future oil producers.

Cooper Energy holds a 25 percent interest in PEL 92 with the balance held by the Operator, Beach Energy Limited.


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