Cooper Energy Limited reports that Mills-1, an exploration well in PEL-92, Cooper Basin, South Australia, spudded, the well was drilling ahead at 360 metres through a 12-1/4 inch surface hole.
Mills-1 will be drilled on a 2D seismic- defined anticline in the south of PEL 92 and has an expected total depth of 1845 metres. Total depth is expected to be reached in 7 days.
The primary target of Mills-1 is the Namur Sandstone with the Birkhead Formation considered a secondary target. Mills-1 is located approximately 13 kilometres south-southeast of the Butlers oil field which produces oil from the Namur Sandstone reservoir.
The well has been situated to assess the prospectivity of the southern portion of the permit ahead of scheduled relinquishment requirements in November 2013.
Joint Venture participants in PEL 92 are Cooper Energy (25%) and Beach Energy Limited (Operator, 75%).
