Posts Tagged ‘cooper’

Beach hits more Bauer oil as reserves rise

by on November 16, 2012 6:18 am BST
The Bauer-9 appraisal well encountered good oil shows on mud logs over a 14 metre interval while drilling through the McKinlay formation and Namur sandstones.Once the well reaches total depth, wireline logs will be run to confirm the find and gather more information.Drillsearch said, if a discovery is confirmed,

Strike awarded Eromanga trio

by on November 12, 2012 6:38 am BST
Strike announced on Monday that the South Australian Minister for Mineral Resources & Energy had awarded it the PEL 71, PEL 515 and PEL 575 permits following the completion of agreements with native title holder and claimant groups.Strike said the permits lied to the west of the Cooper basin and were prospective

Acer shareholders urged to accept takeover offer

by on November 5, 2012 2:57 am BST
“The board of directors has carefully considered the offer and unanimously recommends that you accept the offer in the absence of a superior announced offer,” Acer said its target statement released to shareholders on Monday.It added that an independent expert had concluded the offer was “fair and reasonable”,

New pipeline to boost Cooper output

by on October 29, 2012 5:35 am BST
The company said its oil output (which totaled 104,056 barrels for the September 2012 quarter) was currently constrained by transport capacity but was anticipated to rise to more than 1500 barrels per day when the pipeline opens. Cooper’s production average for the September quarter was 1079 bpd.It added that its production guidance (of 550,000