Cooper Energy updates Kurnia-1 drilling activity

(The following is an excerpt taken from Australian firm Cooper Energy Limited?s drilling operation update released on Friday.)

Kurnia-1 (South Madura PSC, Indonesia, COE 30%, Capped Free Carry)
The 12 1/4? hole has been successfully drilled to 3,003 metres and the rig is now preparing to run logs prior to running the 9 5/8? casing string. The 9 5/8? casing string is expected to be the last casing string to be run prior to penetrating the primary target.

Following the running and cementing of the 9 5/8? casing string, the rig will drill ahead in an 8 ?? hole to evaluate the Kujung II primary target.

The top of the Kujung II primary target is prognosed to be around 3,023 metres, which is subject to the normal geophysical depth conversion uncertainties. (end of excerpt)