THE Beach Petroleum-operated Parsons-1 oil exploration well, in Cooper Basin permit PEL 92, has e...
Cooper said the joint venture plans to run wireline logs to evaluate the shows in this primary target, where pre-drill recoverable reserves had been calculated at 500,000 barrels of oil.
The well, which was drilled to a total depth of 1817m, is about 9km west-northwest of the Christies oil field and 8km west-southwest of the Callawonga oil field.
Beach holds a 75% stake in PEL 92, while Cooper has 25%.
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