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SEPTEMBER 2008 +ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-/div+AD4- +ADw-p class+AD0-MsoNormal align+AD0-center style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt: auto+ADs-text-align:center'+AD4APA-b+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:18.0pt+ADs-font-family: Georgia+ADs-color:black+ADs-mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal align+AD0-center style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt: auto+ADs-margin-left:7.1pt+ADs-text-align:center'+AD4APA-b+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size: 18.0pt+ADs-font-family:+ACI-Frutiger LT 45 Light+ACIAOw-mso-ansi-language:EN-GB'+AD4-Recommencement of +ADw-u1:place u2:st+AD0AIg-on+ACIAPgA8-u1:PlaceName u2:st+AD0AIg-on+ACIAPgA8-st1:place w:st+AD0AIg-on+ACIAPgA8-st1:PlaceName w:st+AD0AIg-on+ACIAPg-Cooper+ADw-/u1:PlaceName+AD4APA-/st1:PlaceName+AD4- +ADw-u1:PlaceName u2:st+AD0AIg-on+ACIAPgA8-st1:PlaceName w:st+AD0AIg-on+ACIAPg-Basin+ADw-/u1:PlaceName+AD4APA-/u1:place+AD4APA-/st1:PlaceName+AD4APA-/st1:place+AD4- Drilling Program+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal align+AD0-center style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt: auto+ADs-margin-left:7.1pt+ADs-text-align:center'+AD4APA-b+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size: 18.0pt+ADs-font-family:+ACI-Frutiger LT 45 Light+ACIAOw-mso-ansi-language:EN-GB'+AD4-Two Prospects to be Targeted in PEL92 in December 2008+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- margin-left:7.1pt'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:11.0pt+ADs-font-family:+ACI-Frutiger LT 45 Light+ACIAOw- mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- margin-left:7.1pt'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:11.0pt+ADs-font-family:+ACI-Frutiger LT 45 Light+ACIAOw- mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- margin-left:7.1pt+ADs-text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:11.0pt+ADs- font-family:+ACI-Frutiger LT 45 Light+ACIAOw-mso-ansi-language:EN-GB'+AD4-Cooper Energy (ASX: COE) is pleased to announce that the Ensign +ACM-30 rig has been contracted to drill two low-risk exploration targets in PEL92 in the Cooper Basin, South Australia - commencing the first well in early December 2008.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal align+AD0-center style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt: auto+ADs-margin-left:7.1pt+ADs-text-align:center'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size: 11.0pt+ADs-font-family:+ACI-Frutiger LT 45 Light+ACIAOw-mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- margin-left:7.1pt+ADs-text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:11.0pt+ADs- font-family:+ACI-Frutiger LT 45 Light+ACIAOw-mso-ansi-language:EN-GB'+AD4-The wells are targeting the Gunyah and Perlubie prospects that lie +ADw-st1:metricconverter ProductID+AD0AIg-1.3 km+ACI- w:st+AD0AIg-on+ACIAPg-1.3 km+ADw-/st1:metricconverter+AD4- and +ADw-st1:metricconverter ProductID+AD0AIg-2.6 km+ACI- w:st+AD0AIg-on+ACIAPg-2.6 km+ADw-/st1:metricconverter+AD4- respectively south of the Parsons-2 well that is in the recently discovered Parsons Oil Field.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- margin-left:7.1pt+ADs-text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:11.0pt+ADs- font-family:+ACI-Frutiger LT 45 Light+ACIAOw-mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- margin-left:7.1pt+ADs-text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:11.0pt+ADs- font-family:+ACI-Frutiger LT 45 Light+ACIAOw-mso-ansi-language:EN-GB'+AD4-The prospects are covered by the same 3D seismic survey that enabled the discovery of the Parsons accumulations.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- margin-left:7.1pt+ADs-text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:11.0pt+ADs- font-family:+ACI-Frutiger LT 45 Light+ACIAOw-mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- margin-left:7.1pt+ADs-text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:11.0pt+ADs- font-family:+ACI-Frutiger LT 45 Light+ACIAOw-mso-ansi-language:EN-GB'+AD4-The wells are targeting a number of reservoirs from the +ADw-u1:place u2:st+AD0AIg-on+ACIAPgA8-u1:City u2:st+AD0AIg-on+ACIAPgA8-st1:City w:st+AD0AIg-on+ACIAPgA8-st1:place w:st+AD0AIg-on+ACIAPg-Namur+ADw-/u1:City+AD4APA-/u1:place+AD4APA-/st1:place+AD4APA-/st1:City+AD4- down to the Poolowanna with Gunyah-1 also testing a deeper large structural target in the Kaladina. The total depth for the wells is +ADw-st1:metricconverter ProductID+AD0AIg-2,050 metres+ACI- w:st+AD0AIg-on+ACIAPg-2,050 metres+ADw-/st1:metricconverter+AD4- for Gunyah-1 and 1,796 for Perlubie-1 with well costs of A+ACQ-1.8+ADw-a style+AD0-'mso-footnote-id: ftn1' href+AD0AIgAjAF8-ftn1+ACI- name+AD0AIgBf-ftnref1+ACI- title+AD0AIgAiAD4APA-span class+AD0-MsoFootnoteReference+AD4APA-sup+AD4APA-span style+AD0-'font-family:+ACI-Frutiger LT 45 Light+ACI-'+AD4AWw-1+AF0APA-/span+AD4APA-/sup+AD4APA-/span+AD4APA-/a+AD4- million and A+ACQ-1.6+ADw-sup+AD4-1+ADw-/sup+AD4- million respectively.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- margin-left:7.1pt+ADs-text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:11.0pt+ADs- font-family:+ACI-Frutiger LT 45 Light+ACIAOw-mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- margin-left:7.1pt+ADs-text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:11.0pt+ADs- font-family:+ACI-Frutiger LT 45 Light+ACIAOw-mso-ansi-language:EN-GB'+AD4-The prospects have a combined volume of one million barrels of oil in place (P50)+ADw-sup+AD4-1+ADw-/sup+AD4- at the Namur Sandstone level with upside volume potential if the other formations result in a discovery.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- margin-left:7.1pt+ADs-text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:11.0pt+ADs- font-family:+ACI-Frutiger LT 45 Light+ACIAOw-mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- margin-left:7.1pt+ADs-text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:11.0pt+ADs- font-family:+ACI-Frutiger LT 45 Light+ACIAOw-mso-ansi-language:EN-GB'+AD4-The next announcement on these wells is expected to be at spud in early December 2008.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- margin-left:7.1pt+ADs-text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:11.0pt+ADs- font-family:+ACI-Frutiger LT 45 Light+ACIAOw-mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- margin-left:7.1pt'+AD4APA-span style+AD0-'font-size:11.0pt+ADs-font-family:+ACI-Frutiger LT 45 Light+ACI-'+AD4-Regards,+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- margin-left:7.1pt'+AD4APA-b+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:11.0pt+ADs-font-family: +ACI-Frutiger LT 45 Light+ACIAOw-mso-ansi-language:EN-GB'+AD4-Cooper Energy Limited+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- margin-left:7.1pt'+AD4APA-b+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:11.0pt+ADs-font-family: +ACI-Frutiger LT 45 Light+ACIAOw-mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- margin-left:7.1pt'+AD4APA-b+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:11.0pt+ADs-font-family: +ACI-Frutiger LT 45 Light+ACIAOw-mso-ansi-language:EN-GB'+AD4-Michael Scott+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- margin-left:7.1pt'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:11.0pt+ADs-font-family:+ACI-Frutiger LT 45 Light+ACIAOw- mso-ansi-language:EN-GB'+AD4-Managing Director+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto'+AD4APA-i+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:8.0pt+ADs-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/i+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto'+AD4APA-span class+AD0-MsoFootnoteReference+AD4APA-b+AD4APA-i+AD4APA-sup+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:8.0pt+ADs- font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4AWw-1+AF0APA-/span+AD4APA-/sup+AD4APA-/i+AD4APA-/b+AD4APA-/span+AD4APA-i+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:8.0pt+ADs-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4- All costs and volumes 100+ACU- Joint Venture+ADw-/span+AD4APA-/i+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs-color:black+ADs-mso-ansi-language:EN-GB'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-/div+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-/div+AD4- +ADw-div style+AD0-'mso-element:footnote-list'+AD4APAAhAFs-if +ACE-supportFootnotes+AF0APgA8-br clear+AD0-all+AD4- +ADw-hr align+AD0-left size+AD0-1 width+AD0AIg-33+ACUAIgA+- +ADwAIQBb-endif+AF0APg- +ADw-div style+AD0-'mso-element:footnote' id+AD0-ftn1+AD4- +ADw-p class+AD0-MsoFootnoteText+AD4APA-a style+AD0-'mso-footnote-id:ftn1' href+AD0AIgAjAF8-ftnref1+ACI- name+AD0AIgBf-ftn1+ACI- title+AD0AIgAiAD4APA-span class+AD0-MsoFootnoteReference+AD4APA-b+AD4APA-i+AD4APA-sup+AD4APA-span lang+AD0-EN-AU style+AD0-'font-size:8.0pt+ADs-font-family:Georgia+ADs-mso-ansi-language:EN-AU'+AD4AWw-1+AF0APA-/span+AD4APA-/sup+AD4APA-/i+AD4APA-/b+AD4APA-/span+AD4APA-/a+AD4APA-i+AD4APA-span lang+AD0-EN-AU style+AD0-'font-size:8.0pt+ADs-font-family:Georgia+ADs-mso-ansi-language:EN-AU'+AD4- +ADw-/span+AD4APA-/i+AD4APA-i+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:8.0pt+ADs-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4-All costs and volumes 100+ACU- Joint Venture+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/i+AD4APA-/p+AD4- +ADw-/div+AD4- +ADw-/div+AD4- +ADw-/body+AD4- +ADw-/html+AD4-