Cooper updates Indonesian ops

The following is an excerpt from Cooper Energy's quarterly activity report ending 31 December 2010, which released on Thursday. (ed)

Development
Sukananti Production Project (COE 55%)

A rig was mobilised to the Sukananti area on 26 January to commence working over Bunian1, which is the first well to be targeted for production reinstatement.

A further announcement on the results of the operations will be made when appropriate.

Production
During the quarter Cooper Energy's share of production was 117,395 of barrels of oil, which is up 18% on the previous quarter.

The increase in production was due to flooding having less impact on operations and the installation of increased pumping capacity in PEL92.

Next Quarter Key Items Look-Ahead
Sukananti Bunian-1 well successfully worked over and production re-started. (end of edited excerpt)