## crude on a roll before stocks data! ##, page-7

amazed,
And the best thing is costs for onshore production will be a fraction of what it costs for off-shore set-up, as well as close to existing infrastructure
for immediate production to commence on favourable drilling and appraisals etc........................$$$$$$$$$


'Cooper Energy Buys Indonesian Onshore Block

Cooper Energy Limited yesterday announced its most significant international acquisition to date, after acquiring 50% of South Madura Exploration Pty Ltd that holds 90% of the rights and obligations in the South Madura Production Sharing Contract (PSC).

The PSC is a high-potential onshore block covering the south of Madura Island, Indonesia, which is surrounded by a number of major oil and gas fields in the East Java Basin. Cooper are expecting to drill the first onshore well in the PSC in this block in early 2006.

The South Madura PSC is located in East Java, approximately 120 km northwest of Bali, immediately to the north of the Jeruk and Oyong oil and gas discoveries. The PSC also lies close to ExxonMobil's recently announced Banyu Urip discovery in East Java.'

wrxsti