• Callawonga-18 cased and suspended as future producer
• Callawonga-15 next well in campaign

Cooper Energy 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 1,582 metres and encountered its primary target, the McKinlay Member Sandstone, 1.8 metres high to prognosis, with a 2.4 metre gross thickness and 2.1 metre 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, with the sequencing of wells determined progressively based on results. The first well in the program, 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.