Beach Petroleum Limited (ASX:BPT)(PINK:BEPTF) drilling report for the week ending 16 September 2009, highlights of the week's activities include:
Beach Operated Bass Basin - Offshore Tasmania: Spikey Beach-1 (T/38P)
Spikey Beach-1 (Beach 80% in Spikey Beach Farmout Blocks) targeting oil in the Upper Eastern View Group reached final total depth of 2100m MDRT on 14 September. No significant hydrocarbon shows were encountered and the well is being Plugged and Abandoned. It is expected that the Ocean Patriot will be released on 19 September.
Egypt - North Shadwan Concession - Gulf of Suez
The NS 394-3 [Burtocal North] offshore oil exploration well (Beach 20%) is drilling ahead at a depth of 672 metres after spudding on 14 September. Its primary target is the Nubia Sandstone.
The NS377-3 oil development well (Beach 20%) is expected to spud on Saturday 19 September. This will be an extended reach production well to be drilled from an onshore location to intersect the offshore Kareem Formation oil pool at a location approximately 150 metres north of the GH377-1 discovery well.
Beach Petroleum Operated Cooper / Eromanga Exploration (PEL 218)
Wakefield-1 (Beach 23.33% in Post Permian JV), targeting oil in the Namur and Hutton Sandstones, spudded Thursday 10 September. Current operation is drilling ahead in the Cretaceous at a depth of 1467 metres. Beach is being free carried through the drilling of this well.
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Well Participants
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Wakefield-1 BPT* 23.33%
PEL 218 ADE 10.00%
Oil Exploration ICN*** 33.33%
C/E Basin, SA DEK*** 5.02%
WEL*** 5.02%
BUY** 23.28%
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Weekly Progress & Summary Primary Targets
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Report Time: 0600(CST) 06/09/2009 Namur Sandstone
Depth: 1467m Hutton Sandstone
Operation: Drilling ahead in
the Cretaceous.
Progress: 1467m
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Well Participants
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Spikey Beach-1 BPT 80.00%
T/38P CUE 10.00%
Oil Exploration EXO 10.00%
Bass Basin, Tas
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Weekly Progress & Summary Primary Targets
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Report Time: 0600 hrs(CST) 16/09/2009 Upper Eastern View
Depth: 2100m(TD) Group
Operation: Well is being plugged
and abandoned.
Progress: 1284m
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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) 16/09/2009 Upper Cannana
Depth: 2466m or Bolla Bollana
Operation: Drilling ahead in 8.5" hole.
Progress: 213m
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Well Participants
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NS 394-3 BPT 20.00%
(Burtocal-Nth) BP* 50.00%
Oil Exploration Well TOE 30.00%
N. Shadwan, Egypt
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Weekly Progress & Summary Primary Targets
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Report Time: 0600hrs(Egypt) 15/09/2009 Nubia Sandstone
Depth: 672m Matulla Sandstone
Operation: Drilling ahead in 16" hole.
Progress: 672m
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Well Participants
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NS 377-3 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) 15/09/2009 Nubia Sandstone
Depth:
Operation: Rigging up, expect to
spud on 20 September.
Progress:
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Well Participants
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Surlow-2 BPT 23.20%
PL 205 STO* 60.06%
Gas Development ORG 16.74%
C/E Basin, QLD
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Weekly Progress & Summary Primary Targets
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Report Time: 0600 hrs(CST) 16/09/2009 Patchawarra Formation
Depth: 31m Birkhead Formation(s)
Operation: Drilling surface hole.
Progress: 31m
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Well Participants
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Charo-7 BPT 20.21%
PPL 177 STO* 66.60%
Oil Appraisal 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) 16/09/2009 Birkhead Formation
Depth: 1880m (TD)
Operation: Well is cased and suspended as a future Birkhead
Formation and Hutton Sandstone oil producer.
Progress: 0m
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Well Participants
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Okotoko West-2 BPT 23.20%
PL 288 (ATP 259P) STO* 60.06%
Gas Development ORG 16.74%
C/E Basin, QLD
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Weekly Progress & Summary Primary Targets
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Report Time: 0600 hrs(CST) 16/09/2009 Hutton Sandstone
Depth: 2465m (TD) Patchawarra Fm(s)
Operation: Well is cased and suspended as a future Toolachee
Formation and Patchawarra Formation gas producer.
Progress: 0m
* Operator
(s) Secondary Targets
ORG Origin Energy Resources Ltd
BPT Beach Petroleum Ltd
ICN Icon Energy Ltd
ADE Adelaide Energy Ltd
ORG Origin Energy Resources Ltd
BP BP Exploration (Delta)
PTR Petratherm Ltd
BUY Bounty Oil & Gas NL
STO Santos Limited
COE Cooper Energy
TOE TriOcean Energy
CUE Cue Energy Resources
TRU TRUenergy Pty Ltd
DEK Deka Resources Pty Ltd
WEL Well Traced Pty Ltd
EXO Exoil Ltd
** Bounty Oil & Gas NL earning 23.28% interest in Post Permian strata in PEL 218 through Deka and Well Traced upon completion of drilling of Wakefield-1 and execution of assignment documentation.*** Icon (10%), Well Traced (5%) and Deka (5%) earning additional interests in Post Permian strata in PEL 218 through Beach upon completion of drilling of Wakefield-1 and execution of assignment documentation. Participation interests shown are final interests that will be earned (include Deka and Well Traced farmouts to Bounty).
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.
Contact
Hector GordonChief Operating Officer
TEL: +61-8-8338-2833
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