Akela-1

12 November 2014
Cooper Energy Limited ("Cooper Energy", ASX: COE) reports that Akela-1, an exploration well in PEL 110 (refer map following), Cooper Basin, South Australia, has been cased and suspended after reaching a total depth of 2,676 metres in Pre-Permian Basement.
Trace to poor oil shows were observed throughout the well with the best oil shows recorded in the Birkhead Formation. A basal Birkhead Formation sandstone was identified as a potential hydrocarbon bearing zone however several attempts to sample reservoir fluids from this formation were unsuccessful due to poor borehole conditions. The Operator has cased and suspended the well for potential future evaluation of the Birkhead Formation.
EDA Rig 4 is scheduled to return to the area in early December to drill the Jenners-1 oil exploration well approximately 2.3 kilometres north of Fairbridge-1 in PEL 100, in which Cooper Energy has a 19.165% interest.
Participating interests in PEL 110 are:

• Cooper Energy (20%)

• Orca Energy (20%)

• Senex Energy (60% and Operator)

About Cooper Energy Limited ("Cooper") Since listing on the ASX in 2002, Cooper Energy has built a portfolio of near-term low-risk development and appraisal projects as well as high-impact exploration prospects. Cooper Energy produces over 500,000 barrels of oil per year from the Cooper Basin, South Australia, and 160 barrels of oil per day from its Sukananti KSO in Indonesia. Cooper Energy also has prospective acreage in Australia (Cooper, Otway and Gippsland basins), Indonesia and Tunisia. Cooper Energy has a strong balance sheet, good production earnings,

and has a clear strategy to enhance 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 Akela-1 (PEL 110) and proposed Jenners-1 (PEL 100)

Cooper Basin, South Australia

c=:J Cooper Energy tenement

L j Other companies' tenement

Oilfield

. Gasfeld

-- Oilpipeline

-- Gas pipeline

30 seismic survey

<:t Gaswell

Oil and gas show

Oilshow

-Q- Gasshow

f<5 Suspended well withoil show

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o Proposed well

Moolion

27>ro'

PEL 11O (20%) Pothos l

Semapllorel

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IAkela-1 1

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Dundinna

3Dseismic

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