Cooper Energy Limited (ASX: COE) has announced the recommencement of drilling by the PEL 92 Joint Venture with the spudding of Callawonga-12, an oil development and appraisal well located in PPL 220 (refer map following) on the western flank of the Cooper Basin, South Australia. The well spudded on Thursday 18 August 2016 at 05:00 hours. At 06:00 hours, the rig was drilling ahead at 32 m in 12-1/4 in. surface hole.
Callawonga-12, located 330 m northeast of the Callawonga-1 production well, is prognosed to drill to a depth of approximately 1448 m to accelerate production, and potentially add reserves, from the McKinlay Member and Namur Sandstone reservoirs in the northeastern area of the field.
Following Callawonga-12, the rig will depart PPL 220 before returning in October to drill 1-2 exploration wells in the PRL 85-104 permits.
Cooper Energy Limited holds a 25% interest in PPL 220, with the balance held by the Operator, Beach Energy Limited.
Adapted from a press release by Louise Mulhall
Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/18082016/cooper-energy-resumes-cooper-basin-drilling/