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Cooper Energy provides update on Germein-1


Published Sep 8, 2011
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Cooper Energy - PEL92

Cooper Energy reported that Germein-1 in PEL92 has made a new oil field discovery. Wireline logs have confirmed that Germein-1 discovered a 2.5 meters net oil column in the Namur Sandstone formation. The recoverable volumes will be estimated after the productive performance of the well has been observed.

Germein-1 has been suspended as a future PEL92 production well that will be tied into the PEL92 production system. The rig will be moved to Butlers-4 well location. Butlers-4 is an appraisal/development well on the Butlers Oil Field.

Joint Venture participants are Cooper Energy (25%) and Beach Energy (75% and Operator).

Tags: Cooper Energy



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