Cooper Energy, Beach Energy Spud South Australia Oil, Gas Well

Joint venture partners Cooper Energy and Beach Energy have spudded Bungaloo-1 shale well within the Penola Trough of the onshore Otway Basin in South Australia.

Bungaloo-1 will, like the preceding well Jolly-1, have the primary objective of assessing the oil and gas potential of shales within the Casterton Formation, Cooper Energy said.

The well is expected to be drilled to a total depth of 3,677 metres and collect over 100 metres of conventional core. The well will also assess the sands of the Lower Sawpit which were gas-bearing in Jolly-1.

Drilling and completion of Bungaloo-1 will conclude the current drilling programme in the Otway Basin.

Participating interests in PEL 494 and PRL 32 are: Cooper Energy (30%); Beach Energy (70% and Operator).