COE 0.87% 57.0¢ cooper energy limited

spudded in today

  1. 1,747 Posts.
    Latest announcement just released.

    Regards M.


    Dear Sir / Madam
    CHRISTIES – 1
    Cooper Energy NL (‘Cooper Energy’) wishes to announce that the Christies-1 well spudded at 1000 hours
    (CST) on 23 June 2003.
    Christies-1 is located in Petroleum Exploration Licence (‘PEL’) 92 on a well defined anticlinal feature situated
    about 11 km to the southwest of the Sellicks oil discovery. Cooper Energy is to complete its farmin obligations
    in PEL 92 as a result of funding 50% of the cost of drilling this well and will have a post farmin interest of 25%.
    Christies-1 has several objectives that will be intersected during the planned time of about 10 days that is
    required to drill to a total depth of 2054 metres. The well is being drilled as an oil prospect with a mean
    potential assessed to be about 1 million barrels of recoverable oil.
    Interests in Christies-1are:
    Beach Petroleum Limited (Operator) 75%
    Cooper Energy NL 25%
    A daily report will be made during the drilling of the well with each release posted on the website at
    www.cooperenergy.com.au
    For further information please contact Mr Greg Hanc*ck on 0418 263 388 or Mr Tony Wright on 08-8363 2111.
    Yours faithfully,
    COOPER ENERGY NL
    Mr G Han*ock
    CHAIRMAN
 
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