Cooper updates Indonesian ops

The following is an excerpt taken from Cooper Energy quarterly report released Monday.

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

The 2D land seismic is continuing to be acquired, with a portion of that data currently being processed in Jakarta.

The 2D seismic is being acquired to mature a shallow onshore prospect for drilling in 2009. The prospect is highly dependent upon the results of the seismic and a further announcement will be made once all the data has been acquired, processed and interpreted.

Exploration: Seruway PSC, offshore North Sumatra, Cooper 22.5%, operator: Transworld Energy.

The 1,280 km Ibu Horst 2D offshore seismic survey was acquired and processed during the Quarter and is currently being interpreted to delineate a potential 2009 drilling target on the lbu Horst.

The local gas market in North Sumatra is severely deficient in gas supply, presenting a significant opportunity for the Company given that the Seruway block is gas prone with a large number of gas occurrences demonstrated by earlier exploration wells.

Cooper Energy is keen to accelerate potential supply options for this region. (end of excerpt)