STU 0.00% 94.0¢ stuart petroleum limited

worrier cased..chart..b2 ABN 93 096 170 295South Shore Centre83...

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    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
 
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