The well is the first in the company's 2003 drilling program, and was originally scheduled to begin after the Moana-1 well. However, the company upgraded the Christies prospect, which is estimated to have a mean recoverable reserve of one million barrels.
The structure lies 11 km south west of the Sellicks-1 oil discovery and Cooper Energy is to fund 50% of the cost of the well, which will complete its obligations in the permit and earn its 25%.
Following the Christies and Moana wells it is believed the Brighton prospect will be the next target. Brighton has been assessed to have similar mean reserves to Christies-1.