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Reserves Position

Cooper Energy Recoverable Oil at 30 June 2011

Cooper Energy is pleased to announce that a the end of the 2010-2011 financial year, the Company's Proved (1P) recoverable oil volume is 2.1 million barrels of oil. The Proved plus Probable (2P) recoverable oil volume is 2.5 million barrels of oil.

recoverableoil

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The Proved Developed category represents the existing production from our 9 oilfields in the Cooper Basin, South Australia.

Cooper Energy reports hydrocarbons in accordance with Cooper Energy's Hydrocarbon Reporting Guidelines.

Recoverable Hydrocarbon Reporting Guidelines.