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Cooper Energy Announces Callawonga Appraisal Drilling Campaign Being Successful

03 Dec 2019  |  09:37:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Callawonga appraisal drilling campaign successful

Cooper Energy announced successful conclusion of the four well appraisal program at the Callawonga oil field, Cooper Basin, SA by the PEL 92 JV. The Company has a 25% interest in the PEL 92 JV with the balance held by the Operator, Beach Energy. The campaign commenced 5 November 2019, targeting information on the extent of the field to the north and east as illustrated by the well location. The Results from the campaign are largely in line with pre-drill expectations and have helped define the field limits in the north and east. Callawonga-19, 20 and 21 intersected the top Namur Formation reservoir high to prognosis which may result in increased field size and future development drilling.

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