13 May 2015
Cooper Basin drilling campaign success continues at Callawonga-11
• Callawonga-11 to accelerate production, add reserves
• Sensation-1 following to target oil north of the Callawonga Field
Cooper Energy Limited (ASX: COE) reports that Callawonga-11, an oil appraisal well in PPL 220 (refer map following) on the western flank of the Cooper Basin, South Australia, is to be cased and suspended after reaching a total depth of 1,733 metres in the Hutton Sandstone.
Callawonga-11 was the second of a three-well drilling campaign targeting the Namur
Sandstone.
After the completion of wireline logging operations a gross oil column of 4.3 metres is interpreted in the McKinlay Member and Namur Sandstone primary targets at Callawonga-11.
Callawonga-11 was a step-out well drilled 670 metres southeast from the Callawonga-9 production well to appraise a structural extension to the southern flank of the Callawonga field. The well information is currently under evaluation, however the results are expected to lead to the identification of additional development well locations.
Following Callawonga-11, EDA Rig 930 will move to drill the Sensation-1 oil exploration well in
PRL 98, which is located 2.9 kilometres north of Callawonga-3 (refer map following). Sensation-
1 has a planned total depth of 1,923 metres in the Merrimelia Formation. Drilling is anticipated to be completed within 8 days of spudding. Sensation-1 will conclude the current Cooper Basin
drilling campaign.
Cooper Energy Limited holds a 25% interest in PPL 220 and PRL 98, with the balance held by the Operator, Beach Energy Limited.
Further comment and information
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David Maxwell
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Don Murchland
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Managing Director
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Investor Relations Advisor
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+61 8 8100 4900
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+61 439 300 932
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About Cooper Energy Limited (ASX:COE) is an ASX listed exploration and production company featuring low cost oil production, a growing portfolio of gas resources and exploration acreage and a management and Board team with a proven track record in building resource companies.
Cooper Energy conducts oil exploration and production in the Cooper and South Sumatra Basins and is building its gas portfolio to address emerging supply opportunities in Eastern Australia. The company has a strong balance sheet, enjoys strong cash flow and is executing a clear strategy driven by shareholder return. www.cooperenergy.com.au
Cooper Energy Limited Level 10, 60 Waymouth Street Phone: +61 8 8100 4900 [email protected] 1
ABN 93 096 170 295 Adelaide, South Australia 5000 Fax (Aust): +61 8 8100 4997 www.cooperenergy.com.au
ASX: COE GPO Box 1819, Adelaide SA 5001
Location of Callawonga-11 and Sensation-1, Cooper Basin, South Australia,
2
Callawonga Field (PPL 220, Cooper Basin)
Namur structure showing Callawonga-10 and Callawonga-11 locations
PRL 86 (25%) (ex 'PEL 92')
139'?1'
c=J Cooper Energy tenement
Most likely oillwater contaci
Upside oillwater contaci
-- Oilpipeline
e Oilwell
Jl Cased and suspended oil well
o Proposed well
kilometre
3