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Cooper's Indonesian upside recognised

COOPER Energy is hoping that the successful Bunian-4 appraisal/development well, which has found oil in the primary TRM3 sand and promising indications in a new deeper target, will go some way to increasing the sales price it will be able to command from its interest in the Tangai-Sukananti KSO, Indonesia.

Haydn Black

Cooper's Bunian-4 well reached a total depth of 1744m over the weekend, finding a net 5.2m of net sand in the TRM3 Sandstone section, some 17m high to prognosis, and at least 6m below the producing TRM3...

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