Cooper increases interests in Bass Strait Oil

Cooper Energy Ltd. (ASX:COE) will acquire shares in Bass Strait Oil Co. Ltd. which will bring Cooper’s total holdings in Bass to 16.7%.
Aug. 13, 2012
Bass Strait interests offshore Australia
Bass Strait interests offshore Australia

Offshore staff

SUBIACO, Australia –Cooper Energy Ltd. (ASX:COE) will acquire shares in Bass Strait Oil Co. Ltd. which will bring Cooper’s total holdings in Bass to 16.7%. Cooper has committed to an additional plan that would raise the holdings to 19.9%.

Bass holds permits in Otway and Gippsland basins offshore Australia.

Additionally, Cooper and Bass have agreed in principle to enter a technical services agreement whereby Cooper may supply technical and commercial support to Bass.

8/13/2012

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