worrier cased..chart..b2
ABN 93 096 170 295 South Shore Centre 83 - 85 The Esplanade South Perth WA 6151 Mail Address PO Box 1163 South Perth WA 6151 Telephone (+61 8) 9368 5833 Facsimile (+61 8) 9368 5844 Email [email protected] Visit us at www.cooperenergy.com.au Wednesday 15 September 2004 Australian Stock Exchange ELS442005 Company Announcements Office Electronic Lodgement System Dear Sir DRILLING REPORT – WORRIOR-2 Cooper Energy advises that the Worrior-2 has been cased and suspended as a dual zone oil producer from the Birkhead and McKinlay formations. The rig is commencing completion operations which are expected to be finished by 20th September. Worrior-2 will be brought on line by month end at an initial rate of approximately 2000 barrels of oil per day. The well achieved its objectives by intersecting two oil zones in the McKinlay and Birkhead formations, as well as gas pay in the Patchawarra Formation. On release the rig will move to the Arwon location, where it will spud the Arwon-1 exploration well in which Cooper Energy NL has an 11.2% interest. Cooper Energy NL advises the status of Worrior-2 at 0600 (CST) on 15 September 2004 as follows: Location: PEL 93; approximately 55 km south-west of the Moomba oil & gas facilities, and approximately 250 m to the north-north-west of the Worrior-1 producing well Spud Date: 17:00 hours on Monday 23 August 2004 Days Since Spud: 22 Total Depth: 1751 metres in the Pando Fm Interests: Stuart Petroleum Ltd (Operator) 70 % Cooper Energy NL 30 % For further advice on this release, please contact either Michael Scott, Chief Executive Officer, on 08 9368 5833 / 0409 299 812 or Greg Hancock, Chairman, on 08 9368 5833 / 0418 263 388. Yours faithfully COOPER ENERGY NL Michael Scott CHIEF EXECUTIVE OFFICER
not unexpected ?? B2? holds 83 today..on low vols
STU Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
