Beach Energy spuds Elliston-2 oil development well in Cooper basin

7/23/2014

Beach Energy spuds Elliston-2 oil development well in Cooper basin

ADELAIDE -- Cooper Energy reported that Elliston-2, an oil development well located in PPL 249 on the western flank of the Cooper Basin, spudded on 22 July, 2014. The rig was drilling 12-1/4 inch surface hole at 162 m.

Elliston-2, a vertical well located 250 m south-southwest of Elliston-1, is prognosed to drill to a total depth of approximately 1,655 m to accelerate production and improve recovery from the Namur Sandstone reservoir. The well is expected to take approximately one week to drill and case.

Cooper Energy holds a 25% interest in PPL 249 with the balance held by the Operator, Beach Energy.

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