Cooper Energy updates Indonesia drilling activity

Thursday, September 6 2007 - 03:23 AM WIB

The following is an excerpt from Cooper Energy drilling update report released on Thursday.

 

Kurnia-1 (South Madura PSC, , COE 30% Capped Free Carry)

Since the last release (COE310807a) the rig has drilled from 1,793 to 1,996 metres. The current operation is drilling the 12 ¼” pilot hole to 2,500 metres. Once the pilot hole has been drilled, wireline logs will be run to evaluate the oil and gas shows encountered over the following intervals: 1,260-1,265m; 1,295-1,301m and 1,783-1,791m. Following logging and sampling, the pilot hole will be widened to 17” in preparation for running the 13 ⅜” casing. (end of excerpt)

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