| Bunian-3 Spuds Sukananti KSO 07 January 2015 | |
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Cooper Energy Limited (ASX: COE) advises that Bunian-3, an oil development well, spudded in the
Sukananti KSO (refer map following), South Sumatra, Indonesia at 5:00 p.m Indonesian local time,
31 December 2014. Bunian-3 is an onshore vertical well with a prognosed total depth of 1,682 metres. The well is forecast to take approximately 28 days to complete, inclusive of production testing.
The Bunian structure is a four-way, fault bounded anticline defined by the 2011 Sukananti 3D seismic survey. Bunian-3 is located 730 metres southwest of Bunian-1 and the primary target is the Talang Akar Formation TRM-3 Sand. The TRM3 sand at Bunian-1 is currently producing approximately 200 bopd and has cumulatively produced 960,000 bbls oil. Secondary targets in deeper K and M sands will also be evaluated at Bunian-3.
Following the completion of Bunian-3, the drilling rig will move to the Tangai-5 development well location.
Joint Venture participants in the Sukananti KSO are Cooper Energy Ltd (Operator 55%) and Mega
Adhyaksa Pratama Sukananti Ltd.
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Figure 1: Location or Bunian-3, Sukananti KSO, South Sumatra Basin, Indonesia
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Cooper Energy
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CODE : COE.AX |
ISIN : AU000000COE2 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Cooper Energy is based in Australia. Cooper Energy holds various exploration projects in Tunisia. Its main exploration property is NABEUL in Tunisia. Cooper Energy is listed in Australia and in Germany. Its market capitalisation is AU$ 233.7 millions as of today (US$ 157.5 millions, € 144.0 millions). Its stock quote reached its highest recent level on April 13, 2012 at AU$ 0.69, and its lowest recent point on November 12, 2023 at AU$ 0.09. Cooper Energy has 1 140 189 952 shares outstanding. |