ASX Announcement / Media Release

29 May 2013

Level 10, 60 Waymouth Street

Adelaide SA 5000

GPO Box 1819

Adelaide SA 5001

Tel: +61 8 8100 4900

Fax: +61 8 8100 4997

customerservice@cooperenergy.com.au www.cooperenergy.com.au

Hammamet West-3 Well - Weekly Operations Update Report No. 9

Cooper Energy Limited (ASX:"COE") ("Cooper Energy") as Operator (and 30% joint venture interest) of the Bargou Permit, offshore Tunisia, provides the following operational update on the Hammamet West-3 well.

Well details :

Hammamet West-3 is located 15 km offshore and 1.6 km east of Hammamet West-2 in 54 metres water depth (see attached map). The nearest producing field is Maamoura, 12 km SW.

The well objective is to drill and test a highly deviated wellbore through the naturally fractured Abiod Formation reservoir to confirm oil productivity.

Activity at 06.00 hours

28 May, Tunisia time :

Preparing to cement 9 5/8 inch casing at 2,788mRT.

Progress since last report :

12 ¼ inch hole was drilled to 2,793 mRT from 2,620 mRT while building angle to approximately 35 degrees from vertical. Wireline logs were run and 9 5/8 inch casing was run to 2,788mRT.

Planned activities :

Cement 9 5/8 inch casing, test BOP's then directionally drill the 81/2

inch hole to the top of the Abiod Formation.

* mRT - metres below the rotary table

As previously advised, the Joint Venture is currently reviewing the forward well program and projected well cost.

Cooper Energy's contribution to the well is fully funded up to a gross amount of US$26.6 million by

Dragon Oil (paying 75% to earn 55%) and Jacka Resources (paying 30% to earn 15%).

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Cooper Energy is providing weekly updates on well progress through the drilling campaign on each

Wednesday.

Further comment and information:

Hector Gordon
Executive Director - Exploration and Production
+61 8 8100 4900

Location of Hammamet West-3 well, Offshore Tunisia About Cooper Energy Limited ("Cooper")

Since listing on the ASX in 2002, Cooper has built a portfolio of near-term low-risk development and appraisal projects as well as high-impact exploration prospects. Cooper currently benefits from approximately 500,000 barrels of oil production per year from the Cooper Basin, South Australia, with approximately 150 barrels of oil per day gross production from its Sukananti KSO in Indonesia. Cooper also has prospective exploration licenses in Australia (Cooper, Otway and Gippsland Basins), Tunisia and Indonesia. Cooper enjoys a solid balance sheet, good production earnings, and has a clear strategy to enhance shareholder return.
www.cooperenergy.com.au

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