Cooper Energy (ASX:COE) announces that Callawonga-18, an appraisal and development well drilled by the PEL 92 Joint Venture in PPL 220, is being 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-18 is a deviated well which was drilled to a total depth of 1582 m and encountered its primary target, the McKinlay Member Sandstone, 1.8 m high to prognosis, with a 2.4 m gross thickness and 2.1 m of net oil pay in a clean sand.
Callawonga-18 is the second of a 5 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 (refer accompanying map), with the sequencing of wells determined progressively based on results. The first well in the programme, Callawonga-14, was also cased and suspended as a future oil producer.
The third well in the campaign, Callawonga-15, is to be spudded from the same drillpad on completion of Callawonga-18.
Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/31052017/cooper-energy-callawonga-18-successful/