Louth-1 being plugged and abandoned, having failed to encounter significant hydrocarbons Martin Kovacs, 25 Sep 2017

Cooper Energy has reported that the Louth-1 exploration well drilled by the PEL 92 joint venture in PRL 102 in the South Australian Cooper Basin is being plugged and abandoned, having “failed to encounter significant hydrocarbons”.

Cooper advised that Louth-1 had reached a total depth of 2,469 m in the Merrimelia Formation.

Cooper holds a 25% interest in the PEL 92 joint venture, with operator Beach Energy holding the balance.

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