Cooper Drills Ahead at Madura Well

The drilling of the Gigir East-1 well, located in South Madura, Indonesia, is progressing according to the drilling plan. The 17 ½" section has been drilled to a depth of 265.6m MDRT and 13 3/8" casing has been set. Preparation for drilling of the 12 ¼" section is underway.

Further updates will be made on a regular basis unless additional disclosure is required.

The South Madura Joint Venture consists of Cooper Energy (30% and Operator), AED (60%) and PT Eksindo South Madura (10%).