Sellicks 1 - DST 2
ASX Announcement Letter
30 July 2002
Mr B O’Hara
Australian Stock Exchange Limited
2 The Esplanade
PERTH WA 6000
By Fax 1300 300 021
Dear Mr O’Hara,
ANNOUNCEMENT TO ASX
DRILLING REPORT: SELLICKS-1
(PEL-92, COOPER/EROMANGA BASIN)
Cooper Energy advises that the status of Sellicks-1 at 1700 hours (CST) on 30 July 2002:
| Location: | PEL 92; about 75 km west of Moomba. |
| Spud Date: | 2200 hours on 16 July 2002 |
| 2200 hours on 16 July 2002 | 14 |
| Final Depth: | 2242 metres |
| Operation: | A straddle Drill Stem Test of the interval 2076.6 – 2086.5 metres was conducted. This interval includes a 5 metre zone which had hydrocarbon shows during drilling. No fluid flow to surface occurred during the one hour twenty minute flow period, but 17.6 barrels of oil and 12.3 barrels of water and mud were recovered from the test string. |
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The well will now be cased and completed for oil production from the Patchawarra Formation. |
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| Participants: | Beach Petroleum Limited (Operator) 75%
Cooper Energy Limited 25% |
For further advice on this release, please contact either R Kirtlan (0409 842 354) or T Wright ((08) 8363 2111 or 0408 180 939).
Yours faithfully
R Kirtlan
Acting Chairman