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Adelaide, Dec 3, 2009 (ABN Newswire) - Beach Petroleum Limited (ASX:BPT)(PINK:BEPTF) The drilling report for the week ending 2 December. Highlights of the week's activities include:
Egypt - North Shadwan Concession - Gulf of Suez
NS377-4 (Teen) is scheduled to spud on 4 December. As information that will be obtained through the drilling of Teen is considered commercially sensitive, the Joint Venture will not be releasing further information on the well. Beach has a 20 percent interest in the well and the concession.
Arrowie Basin (South Australia) - Paralana-2 Geothermal Exploration Well
Operations at Paralana-2 have resumed after a week of waiting on roads to dry following heavy rainfalls in the basin. The well bore is being conditioned prior to continuing with the evaluation program (Beach, well Operator, earning 21%).
Egypt - North Shadwan Concession - Gulf of Suez
NS377-4 (Teen) is scheduled to spud on 4 December. As information that will be obtained through the drilling of Teen is considered commercially sensitive, the Joint Venture will not be releasing further information on the well. Beach has a 20 percent interest in the well and the concession.
Arrowie Basin (South Australia) - Paralana-2 Geothermal Exploration Well
Operations at Paralana-2 have resumed after a week of waiting on roads to dry following heavy rainfalls in the basin. The well bore is being conditioned prior to continuing with the evaluation program (Beach, well Operator, earning 21%).
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Well Participants
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Paralana-2 BPT* 21.00%
GEL 178 PTR 69.00%
Geothermal Exploration TRU 10.00%
Arrowie Basin, SA
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Weekly Progress & Summary Primary Targets
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Report Time: 0600 hrs(CST)2/12/2009 Upper Cannana
Depth: 4012m (TD) or Bolla Bollana
Operation: Conditioning hole prior to
continuing with evaluation program.
Progress: 0m
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Well Participants
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NS377-4 (TEEN) BPT 20.00%
Oil Development BP* 50.00%
North Shadwan TOE 30.00%
Egypt
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Weekly Progress & Summary Primary Targets
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Report Time: 0600 hrs(local)1/12/2009 Kareem Formation
Depth:
Operation: Rig move and rigging up.
Progress:
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Well Participants
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Dullingari-36DW1 BPT 20.21%
PPL 12 STO* 66.60%
Gas Development ORG 13.19%
C/E Basin, SA
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Weekly Progress & Summary Primary Targets
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Report Time: 0600 hrs(CST)2/12/2009 Patchawarra Formation
Depth: 2607m (TD)
Operation: Well is being cased and suspended as a future
Patchawarra Formation gas producer.
Progress: 1021m
(*) Operator
BPT Beach Petroleum Ltd
ORG Origin Energy Resources Ltd
BP BP Exploration (Delta)
PTR Petratherm Ltd
TRU TRUenergy Pty Ltd
STO Santos Limited
TOE TriOcean Energy
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About Beach Energy Limited
Beach Energy Limited (ASX:BPT) is a long established oil and gas Exploration and Production Company, based in Adelaide, South Australia.
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