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Beach Petroleum Announce Oil Flow at Cooper Basin SA
Adelaide, Apr 27, 2006 (ABN Newswire) - Beach Petroleum advises that DST 1 conducted yesterday over the uppermost Namur Sandstone interval 1354 - 1358 metres resulted in a flow of oil to surface in 35 minutes. The final rate was 859 barrels of oil/day accompanied by water at a rate of 340 barrels/day. The stabilised flowing pressure was 125psi through a 1/4 inch surface choke.
At 0600 hours (CST) the rig was preparing to drill ahead to evaluate deeper objectives.
Participants in the Silver Sands-1 well are:
Beach Petroleum Ltd (Operator) 75 %
Cooper Energy Ltd 25 %
SILVER SANDS-1: DST-1 RESULT
(PEL-92, COOPER-EROMANGA BASIN, SA)
BACKGROUND: Silver Sands-1 is a near-field exploration well located within PEL 92, approximately 80km west of Moomba in the Cooper Basin of northern South Australia. The well is targeting reservoirs in the Namur Sandstone and Hutton Sandstone in a small structural closure about 1.5km SE of the Christies Oilfield (cumulative production of 0.8 million barrels). The well has a planned total depth of 1920 metres that is expected to take approximately 14 days to drill from spud.
Source:
Kevin Skinner
Senior Consultant
FIELD PUBLIC RELATIONS
231 South Road
MILE END SA 5031
Tel: (08) 8234 9555
Fax: (08) 8234 9566
Mob: 0414 822 631
kevin@fieldpr.com.au
About BEACH PETROLEUM LIMITED
Beach Petroleum (ASX: BPT) is a long established oil and gas Exploration and Production Company. Based in Adelaide, South Australia, the Company has Oil and gas reserves of 90 million barrels of oil equivalent (at 30 June 2007), an Annual Oil Production in the 2006/07 Financial Year of 9.4 million barrels and an active drilling program within a well balanced portfolio of tenements.
About COOPER ENERGY LIMITED
Oil and gas exploration.
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