Cooper Energy reported that the Tinah-1 exploration well, in PEL 92 on the western flank of the Cooper Basin, has been drilled to a total depth of 6,443 feet (1,964 meters).

The primary target Namur Sandstone was intersected on depth prognosis but was water bearing. The well will be plugged and abandoned. This is the final well in the current four well drilling campaign.

Cooper Energy Executive Director Hector Gordon said, "Whilst the Tinah-1 well was a dry hole, overall this recent phase of the PEL 92 drilling campaign was a success with a new field discovery at Windmill-1 and successful appraisal of the Butlers oil field by the Butlers 5 and 6 wells. The Joint Venture plan to continue further evaluation of PEL 92 in 2013 by drilling up to 6 wells following the interpretation of newly acquired 2D and 3D seismic."

Tags: Cooper Energy