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Friday, July 15, 2011

Cooper to Abandon Wheatons-1 Well

- Cooper to Abandon Wheatons-1 Well

Friday, July 15, 2011
Cooper Energy Ltd.

The Wheatons-1 exploration well has been drilled to a total depth of 1882 mRT and wireline logs have been run and interpreted, according to Cooper Energy.

During drilling there were no hydrocarbon shows observed in the primary objective (Namur Sandstone) or secondary objectives (Birkhead, Hutton and Poolowanna Formations) and the evaluation of the wireline logs has confirmed the absence of hydrocarbons in all objective horizons.

The Wheatons-1 well will be plugged and abandoned as a dry hole. Preparations are in place to move the rig to the Rincon-1 drill site.

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