Callawonga-14 well is cased and suspended as future oil producer, Cooper Energy says

5/22/2017

ADELAIDE, Australia -- Cooper Energy has announced that Callawonga-14, an appraisal and development well drilled by the PEL 92 Joint Venture in PPL 220, has been cased and suspended as a future oil producer.

Cooper Energy holds a 25% interest in the PEL 92 Joint Venture with the balance held by the Operator, Beach Energy Limited.

Callawonga-14 was drilled to a TD of 1,429 m and its primary target, the McKinlay Member Sandstone, was encountered 1.5 m high to prognosis, with 2.5-m gross thickness and 1 m of net oil pay in a clean sand.

Callawonga-14 was the first of a five-well campaign on the Callawonga oil field targeting previously undeveloped reserves in the McKinlay Member Sandstone. As previously advised, the drilling campaign will address locations designated as Callawonga 14-18, with the sequencing of wells to be determined based on individual well results. The rig has moved to drill the second well of the campaign at location 18, where the westernmost flank of the field will be tested.

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