The structure lies 11km 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 earning obligations in the permit.
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 Chrities-1.
Depending on the outcome of these wells the company can then earn a 40% interest in PEL 88 by sole funding the Eucalyptus-1 well in July-August this year. Cooper's partner is Beach Petroleum.
