PEL 92

PEL92 lies in the north of South Australia on the western margin of the Cooper Basin. PEL92 contains a full section of Cretaceous and Jurassic sediments, with Permian sediments subcropping in the eastern part of the block. The Permian subcrop edge is considered to form the migration pathway for oil into the Jurassic reservoirs that form the main exploration targets within the block.

Cooper Energy has participated in the following discoveries in PEL92: Christies, Sellicks, Silver Sands, Callawonga, Parsons, Perlubie, Perlubie South and Butlers.

Following discovery wells on Christies and Sellicks, the Joint Venture initially acquired 3D seismic data over the Sellicks and Christies oil fields which led to successful development drilling. As a result of the discovery of the Callawonga oil field and an upgrade in prospectivity, an exploration 3D seismic survey was acquired over the main exploration fairway in the block. This led to discovery of the Parsons, Perlubie and Perlubie South oil fields.

The Joint Venture then acquired a second exploration 3D seismic survey located to the west of the initial 3D that improved resolution over several structural leads and prospects. The Joint Venture is currently preparing to acquire a third exploration 3D seismic survey to the southwest of the current 3D coverage. This will include the Butlers oil field and will assist in structural definition of several leads in this area.

Based on the success to date and the extensive leads and prospects portfolio, the block remains highly prospective for oil exploration.

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