Cooper updates Indonesian operation

Tuesday, April 28 2009 - 01:22 AM WIB

The following is an excerpt taken from Australian firm Cooper Energy quarterly report released Tuesday.

Exploration: South Madura PSC, off/onshore Madura, East Java, Cooper 30%, operator: Nations Petroleum

The 2D onshore seismic from South Madura was interpreted and a small gas prospect has been identified. Plans are now underway to secure approvals and land for drilling this prospect. At this time a notional spud date of around early 2Q10 is expected.

Further announcements on this prospect will be made as planning progresses. (end of excerpt)

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