| Perlubie-3 Update 08 April 2015 | |
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Cooper Energy Limited (ASX: COE) reports that Perlubie-3, an oil appraisal well located in PPL
247 on the Western Flank of the Cooper Basin (as per the attached map) encountered a sub- commercial 1.1 metre oil column in the primary target Namur Sandstone. The well has therefore been plugged and abandoned.
The well reached a total depth of 1,427 metres in the Late Jurassic Westbourne Formation.
The PEL 92 Joint Venture is planning a drilling programme commencing in late April / early May which comprises 1 development well and 1 appraisal well in the Callawonga Field together with an exploration well.
Cooper Energy holds a 25% interest in PPL 247 with the balance held by the Operator, Beach
Energy Limited.
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David Maxwell
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Don Murchland
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Managing Director
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Investor Relations Advisor
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+61 8 8100 4900
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+61 439 300 932
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Location of Perlubie-3, PPL 247, Cooper Basin
139' 20'
Rincon
North
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Rincon '
Callawonga l
" Sellicks
Cooper Energy tenement Other companies tenements Oil field
Gas field
Oil pipeline
Gas pipeline
e Oil well
Parsons Elliston
-28'
Lycium Hub
20
kilometres
52
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Cooper Energy
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CODE : COE.AX |
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ISIN : AU000000COE2 |
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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$ 193.8 millions as of today (US$ 126.5 millions, € 119.2 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. |