Butlers-8 oil well drilled
Cooper Energy Limited (ASX: COE) reports that the Butlers-8 oil well, in PEL 92 on the western flank of the Cooper Basin, has penetrated 6 metres of net oil pay in the Namur Sandstone reservoir.
The well, which has been drilled to a total depth of 1650m, will be cased and suspended for completion as an oil producer and will be linked into the existing Butlers production facilities. Butlers-8 is the third well in a four well program in PEL-92, with preceding two wells, Butlers-7 and Windmill-8, also being successful and cased and suspended as future oil producers.
Cooper Energy holds a 25% interest in PEL 92 with the balance held by the Operator, Beach Energy Limited.