Cooper Energy outlines well program

Hoping to emulate the recent success of their fellow South Australia explorers, newly-listed Cooper Energy has told its shareholders to look forward to an active four well program in the Cooper/Eromanga Basins this year.
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Cooper told shareholders the four wells it plans to drill are Sellicks-1, Warrior-1, Paning-2 and a yet to be named fourth well for PEL 88.

The first well, Sellicks-1 in PEL 92, has been delayed to until July with the rig intended for Sellicks being used to drill Acrasia-2, the follow-up well to the recent discovery by Stuart and Beach Petroleum.

The well will primarily target oil structures within the Poolowanna and Patchawarra Formations.

A second well, likely to be called Warrior-1, will target a geological structure in the same permit known as the Pando Feature, which is considered by Cooper not to have been adequately evaluated when first drilled in 1966 by Pando-1.

The third well, Paning-2 in PEL 90, will test the flow potential of Permian reservoirs, known to be gas bearing in Paning-1, that were damaged with high mud weights when drilling in 1980.

As for Cooper's fourth well in PEL 88, the company said this well will be the first to be drilled on this licence. The company said it is planning a seismic survey of some 44km to mature at least one prospect for drilling within the southern portion of the permit.

Cooper said it was looking at a November or December spud date for that well.

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