OREANDA-NEWS. Cooper Energy Limited announces that it has re-assessed its net 2C Contingent Resource in the Manta Field in VIC/L26 and VIC/L27 in the Gippsland Basin, offshore Victoria, studies to be 13.9 MMboe.

This represents a 2.5 MMboe (22%) increase on the previous assessment dated 18th August 2014. In addition, it has re-assessed its risked Best Estimate (P50) Prospective Resource in the Manta Field to be 1.8 MMboe. The upgraded assessment includes interpretation of new studies including 3D seismic reprocessing and inversion studies and dynamic simulation modelling that have been undertaken since Cooper Energy entered the permit as Operator in May 2014.

These estimates will be included in Cooper Energy's formal statement of Reserves and Resources as at 30 June 2015 to be included in the Company's 2015 Annual Report to shareholders. The Manta oil and gas field is located offshore Victoria, 58 kilometres from the Orbost gas plant shore crossing in water depths of approximately 130 metres. Participating interests in VIC/L26 and VIC/L27 are: * Cooper Energy Limited (65% and Operator) * Beach Energy Limited (35%)