COE Commences 10 Well Appraisal Program in Cooper Basin

  • Nov 06, 2019 AEDT
  • Team Kalkine

Cooper Energy Limited (ASX: COE), an exploration and production company, announced a 10 well appraisal program with its JV, PEL 92, that commenced with the spudding of Callawonga-22 on 5th November 2019. The company holds 25% interest in this JV and the rest is with Operator, Beach Energy.

  • Callawonga-22 will be the first of four appraisal wells which will be drilled at the Callawonga oil field;
  • It will be followed by 4 wells at the Butlers oil field and 2 wells at the Rincon oil field;

At AEST 1:09 PM, COE was trading at $0.57 per share, up by 0.3%.

 

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