Oz Cooper Announces Annie Gas Field Resources

Sydney-listed Cooper Energy February 24 said it has assessed the 2C contingent resource for the Annie gas field in Victoria as being an estimated 8.9mn boe (100% gross working interest). Cooper’s net economic interest is assessed to be an estimated 4.6mn boe.

The Annie gas field is principally located in VIC/P44. Cooper holds 50% interest in the licence containing Annie, with Japan’s Mitsui E&P controlling the remaining share. A minor portion of the field area extends into VIC/P76 in which Cooper has a 100% interest and is the operator.

Discovery of the Annie field was announced in September 2019. The field is located approximately 9-km offshore Victoria in a water depth of 58 metres, between the producing Henry and the depleted Minerva gas fields. Cooper Energy and Mitsui currently produce gas from the Casino, Henry and Netherby fields. Cooper Energy and Mitsui also own the nearby Minerva gas plant which was acquired in December 2019 to process gas from these fields and new discoveries such as Annie.

“The proximity of subsea infrastructure and access to the Minerva gas plant provides a potential development pathway for gas from Annie to the south-east Australian gas market,” Cooper said.