COE 0.89% 56.5¢ cooper energy limited

Beach Pet and Cooper Energy

  1. 31,481 Posts.
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    2150 barrels of oil per day should be a good little earner for this company from their first drill Regards Towie






    Final Report: Sellicks-1

    Document date: Mon 05 Aug 2002 Published: Mon 05 Aug 2002 14:40:51
    Document No: 220937 Document part: A
    Market Flag: N
    Classification: Progress Report
    COOPER ENERGY NL 2002-08-05 ASX-SIGNAL-G

    HOMEX - Perth

    +++++++++++++++++++++++++
    Cooper Energy advises that the drilling rig used to drill Sellicks-1
    was released at 1200 hours on 4 August 2002 following successful
    completion of the well for oil production.

    Location: PEL 92; about 75km west of Moomba.
    Spud Date: 2200 hours on 16 July 2002
    Days since spud: 20
    Final Depth: 2242 metres
    Operation: The well has been completed as a single zone oil
    producer from the Patchawarra Formation. The
    perforated intervals were 2060 - 2061 metres and
    2062 - 2065 metres. The cleanup flow following
    completion was 2160 barrels of 56 API oil at
    180 psi through a (1/2) inch choke.

    Future completion of the lower oil bearing zone
    from 2077 - 2082 metres is planned at the time of
    recompletion of the well, which is subject to the
    longer term capability of the top zone to sustain
    production.

    Participants: Beach Petroleum NL (Operator) 75%
    Cooper Energy NL 25%

    For further advice on this release, please contact either R Kirtlan
    (0409 842 354) or T Wright ((08) 8363 2111 or 0408 180 939).

 
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