Our Operations
Cooper Basin - PEL110
| COE Interest: | 20% |
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| Participant Status: | Operator | |
| Permit Type: | Exploration | |
| Location: | Onshore | |
| Permit Area: | 728 km2 | |
| Award Date: | 5 Feb 2003 | |
| Renewal Date: | 9 Nov 2008 | |
| Tenure: | 5 Years | |
| Current Year: | 2 | |
| Expiry Date: | 10 May 2014 | |
Overview
PEL110 lies in the northeast corner of South Australia on the northern margin of the Cooper Basin.
PEL110 sits on the northwestern flank of the Patchawarra Trough and Pre-Permian economic basement is onlapped by progressively older sediments (Jurassic Poolowanna Formation - Triassic Tinchoo Formation - Permian formations) across the block from northwest to the southeast.
Cooper Energy has participated in two exploration wells in PEL110:
- Semaphore-1 in October 2003
- Yanerbie-1 in May 2005
The exploration wells were plugged and abandoned as dry holes with oil shows.
After the recent renewal of the licence for a second 5 year period, Cooper Energy has recently completed a re-evaluation of the blocks potential.
Monitor Energy has farmed into PEL110 for a 20% interest in exchange for carrying Cooper Energy in a proportion of the future work program. Victoria Petroleum entered the Joint Venture by purchasing Magellan Petroleum's 60% interest. Victoria Petroleum have subsequently been taken over by Senex Energy.
A recent re-evaluation of the permit has led the Joint Venture to plan to acquire 3D seismic to highgrade prospects for drilling. The current plan is to acquire this seismic in 2012.
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