Release: Cooper Energy: Gurame-1X rig mobilisation

Gurame-1X (Seruway PSC, Indonesia, Cooper Energy 22.5%)

(5 March 2008)--We are please to inform shareholders that at 01:45 this morning the ENSCO-1 barge commenced mobilisation to the Gurame-1X location.

A further update will be made as soon as the rig has spud the well, which is expected in the next 2-3 weeks. (end of release)