Cooper Energy has advised shareholders and investors that the Fuschia Prospect in the Hammamet Exploration Permit (COE 35% interest) in Tunisia, North Africa has been selected as the first drilling target in the permit.

The Fuschia Prospect lies on a structural high between the Cosmos and Maamoura oil discoveries. The Fuschia-1 well will be targeting the Birsa Sandstone Formation with the well expected to drill to a total depth of around 2,600 meters. The Fuschia Prospect is a multi-fault block prospect with a small four-way dip closure in the central fault block defined on 3D seismic data. The Birsa Sandstone Formation, which is expected to be over 400 meters in thickness at this location, is the main reservoir in this region...more...