Gippsland and Otway Basin Developments
COOPER ENERGY
Exploration success rates in the Offshore Otway Basin are world class
94% success rate for seismic amplitude supported prospects
Waarre Formation seismic amplitude map showing target prospects
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29 exploration wells drilled in the Offshore Otway Basin
16 gas field discoveries to date (success rate 55%)
Modern seismic data has dramatically improved success rates
Very strong correlation between presence of gas and seismic amplitude
94% success rate for seismic amplitude supported targets
All targets drilled―
Offshore Otway Basin
45%
55%
Success
Failure
All seismic amplitude supported targets
drilled-Offshore Otway Basin
6%
94%
Martha
Pecten
East
Reservoir Absent
ecten-1
etherby
Annie
Annie-1
Netherby
Waarre
Reservoir
limit
Elanora
Henry
Herry-1ST1
Isabella
Heera
Casino-3
Casino-1 Casino
Casino-2
Juliet
CHN pipeline
Nestor
10km
Minerva
Minerva-2
Waarre reservoir
amplitudes
HIGH
LOW
Total wells = 29
Total wells = 171
Cooper Energy has six Otway seismic amplitude supported targets ready to drill in the Otway
COOPER 15
ENERGY
1Eight of the 17 seismic amplitude targets were drilled on Cooper Energy acreageView entire presentation