Beach Energy disappointed by Shelly probe in Cooper basin

7/17/2014

Beach Energy disappointed by Shelly probe in Cooper basin

ADELAIDE -- Cooper Energy Limited (COE) reported that Shelly-1, the final well of the current exploration campaign in PEL 92, Cooper Basin, South Australia, has been plugged and abandoned after reaching a total depth of 1,942 m and encountering hydrocarbons in the primary target which were considered non-commercial.

The rig will move to the Elliston-2 well location in PPL 249 (refer map following), located east of the Parsons oil field. Elliston-2 is an oil development well aimed at accelerating production from the Namur Sandstone reservoir.
 
Participating interests in PEL 92 and PPL 249 are: Cooper Energy (25%) and Beach Energy (75% and Operator).

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