Cooper Energy pleased at Casino Henry workover | Finance News Network

Cooper Energy pleased at Casino Henry workover

Company News

by Rachael Jones

Cooper Energy (ASX:COE) has announced that the workover on Casino Henry gas project in the offshore Otway Basin Victoria has been completed.

The workover met all technical objectives. Gas production from Casino-5 resumed on 25 April 2018 at flow rates in line with expectations. The duration between rig arrival and departure at Casino-5 was 46 days, with operations interrupted on a number of occasions by unusually heavy ocean conditions.

Gas production from the other wells in the field has been ongoing during the workover operations.

Cooper Energy is a 50 per cent interest holder and Operator of the Casino Henry gas project with other interest holders being Mitsui E&P Australia (25 per cent) and AWE (ASX:AWE) (25 per cent).

Shares in Cooper Energy (ASX:COE) flat at 33 cents.
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.