Prospective Resource Assessment Completed In South Australia’s Otway Basin
Drilling Activity Details
Drilling Activity Summary
Description
Brisbane-based Cooper Energy Ltd. has completed its prospective resource assessment (unrisked best estimate, P50) of the Annie and Elanora prospects in VIC/P44 and VIC/L24 in the offshore portion of South Australia’s Otway Basin. The Annie prospect (VIC/P44) is estimated at 71 Bcf of gas and the Elanora prospect (VIC/L24) is estimated at 100 Bcf of gas. The primary reservoir targets are Waarre C and Waarre A, which are the productive reservoirs in the Casino and Minerva gas fields. Area water depth at the two prospects is 70-80 m. Elanora straddles VIC/L24, VIC/L30 and VIC/P44. Additional exploration, appraisal and evaluation is required to determine potentially moveable hydrocarbons. Participating interests in VIC/P44 and VIC/L24 are Cooper Energy (50% and operator); Mitsui (25%); and Peedamullah Petroleum (25%).
Brisbane-based Cooper Energy Ltd. has completed its prospective resource assessment (unrisked best estimate, P50) of the Annie and Elanora prospects in VIC/P44 and VIC/L24 in the offshore portion of South Australia’s Otway Basin. The Annie prospect (VIC/P44) is estimated at 71 Bcf of gas and the Elanora prospect (VIC/L24) is estimated at 100 Bcf of gas. The primary reservoir targets are Waarre C and Waarre A, which are the productive reservoirs in the Casino and Minerva gas fields. Area water depth at the two prospects is 70-80 m. Elanora straddles VIC/L24, VIC/L30 and VIC/P44. Additional exploration, appraisal and evaluation is required to determine potentially moveable hydrocarbons. Participating interests in VIC/P44 and VIC/L24 are Cooper Energy (50% and operator); Mitsui (25%); and Peedamullah Petroleum (25%).