Cooper Energy Limited: PEL 92 Drilling - 13 06 13

13.06.2013  |  ABN Newswire

13:03 AEST June 13, 2013 ABN Newswire (C) 2004-2013 Asia Business News PL. All Rights Reserved.

Sydney, Australia (ABN Newswire) - Cooper Energy Limited (ASX:COE) reports that Mills-1, an exploration well in PEL 92, Cooper Basin, South Australia, has been plugged and abandoned after reaching a total depth of 1,900 metres and failing to record any significant hydrocarbon shows.

Cooper Energy Executive Director, Mr Hector Gordon, said that the well has increased understanding of the southern portion of PEL 92 in advance of requirements to relinquish 50% of the permit in November 2013.


Hooper-1

The next well to be drilled in PEL 92 will be Hooper-1, which is expected to commence in late July. The Hooper-1 prospect is located in the north-west of PEL 92 (refer map following) and follows the successful Rincon and Rincon North oil exploration wells in the northern portion of the permit.

Joint Venture participants in PEL 92 are Cooper Energy (25%) and Beach Energy Limited (Operator, 75%).

To View Location Map, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-BPT-739861.pdf


About Cooper Energy Limited:

Cooper Energy Limited is an Australia-based oil and gas exploration and production company. The Company is engaged in securing, finding, developing, producing and selling hydrocarbons.



Contact:

Cooper Energy Limited
Hector Gordon, Executive Director
Exploration and Production
TEL: +61-8-8100-4900