ASX Announcement / Media Release

22 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. 8

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, The well is currently drilling ahead in the 12¼ inch hole section at 21 May, Tunisia time: 2,620 mRT. Progress Since Last Repairs to the top drive system were completed and drilling was Report: resumed from 2,182 mRT. Planned Activities: Complete a bit change then resume drilling the 12¼ inch hole section to 2790 mRT, run wireline logs and then set and cement 9