COE 0.00% 43.5¢ cooper energy limited

Count Not Thy Chickens

  1. A couple of days ago I was waxing lyrical about this one on the basis of DST 1. Well, I'm sorry to say now that the Patchwarra interval has been re-tested, I'm not so sure...

    Drilling Report - Sellicks-1

    COOPER ENERGY NL 2002-07-30 ASX-SIGNAL-G

    HOMEX - Perth

    +++++++++++++++++++++++++
    Cooper Energy advises that the status of Sellicks-1 at 1700 hours
    (CST) on 30 July 2002:

    LOCATION: PEL 92; about 75 km west of Moomba
    SPUD DATE: 2200 hours on 16 July 2002
    DAYS SINCE SPUD: 14
    FINAL DEPTH: 2242 metres
    OPERATION: A straddle Drill Stem Test of the interval
    2076.6 - 2086.5 meters was conducted. This interval includes a 5
    metre zone which had hydrocarbon shows during drilling. No fluid
    flows to surface occurred during the one hours twenty minute flow
    period, but 17.6 barrels of oil and 12.3 barrels of water and mud
    were recovered from the test string.

    The well will now be cased and completed for oil production from the
    Patchawarra Formation.

    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).

    R Kirtlan
    ACTING CHAIRMAN
 
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