Beach Petroleum Operated Cooper / Eromanga Exploration (PEL 91)
Marino-1 (Beach 40%) spudded on 22 August and is currently drilling ahead in the Toolebuc Formation at a depth of 1003 metres. It is expected that the well will enter the primary reservoir objective Namur Sandstone early Thursday morning.
Basker - Manta - Gummy (BMG) Oil Field Development - Gippsland Basin
Basker-7 (Beach 30%) has been cased and suspended as a future Latrobe Group oil producer. The current operation is preparing to install a subsea well head. The Ocean Patriot semi-submersible rig will then be released to the T/38P Joint Venture for the drilling of Spikey Beach-1.
Beach Operated Bass Basin - Offshore Tasmania: Spikey Beach-1 (T/38P)
It is expected that the Ocean Patriot semi-submersible drilling rig will be assigned to Beach Petroleum for the drilling of the Spikey Beach-1 exploration well (Beach earning 80%) in T/38P, in the Bass Basin, offshore Tasmania, on or around the 30th August. Spikey Beach-1 will be addressing mean recoverable oil of 16 million barrels and a high side of 41 million barrels (recoverable) of oil in the Upper Eastern View Group.
Egypt - North Shadwan Concession - Gulf of Suez
The Comet Jack-up rig was assigned to the North Shadwan Joint Venture on 25 August and is moving to the NS394-3 oil exploration well location (Beach 20%) in the Gulf of Suez. Spud date will be dependent upon suitable weather for jack-up operations.
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Well Participants
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Marino-1 BPT* 40.00%
PEL 91 DLS 60.00%
Oil Exploration
C/E Basin, SA
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Weekly Progress & Summary Primary Targets
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Report Time: 0600 (CST)26/08/2009 Namur Sandstone
Depth: 1003m Birkhead Formation
Operation: Drilling ahead in
the Cretaceous.
Progress: 1003m
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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) 26/08/2009 Upper Cannana
Depth: 1947m or Bolla Bollana
Operation: Drilling ahead in
the Brachina Formation.
Progress: 227m
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Well Participants
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NS-394-3 BPT 20.00%
(Burtocal-Nth) BP* 50.00%
Oil Explorationl Well TOE 30.00%
N. Shadwan, Egypt
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Weekly Progress & Summary Primary Targets
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Report Time: 0600hrs (Egypt)26/08/2009 Nubia Sandstone
Depth: 0m Matulla Sandstone
Operation: Rig moving to location.
Progress: 0m
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Well Participants
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Basker-7 BPT 30.00%
Vic L26 ROC* 30.00%
Development CIE 20.00%
Gippsland Basin, SJE 10.00%
VIC PTM 10.00%
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Weekly Progress & Summary Primary Targets
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Report Time: 600 hrs (AEST)26/08/2009 Latrobe Group
Depth: 3921m (TD)
Operation: Well has been cased and
suspended; preparing to
install subsea wellhead.
Progress: 0m
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Well Participants
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Charo-6 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)26/08/2009 Birkhead Formation
Depth: 1871m (TD) Hutton Sandstone
Operation: Running wiper trip prior Namur Sandstone
to running wireline logs.
Progress: 1871m
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Well Participants
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Wackett-16 BPT 23.20%
PL 62 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)26/08/2009 Toolachee Formation
Depth: 1996m (TD)
Operation: Pulling out of hole to
run wireline logs.
Progress: 1996m
* Operator
(s) Secondary Targets
BPT Beach Petroleum Ltd
PTR Petratherm Ltd
CIE Cieco Exl & Prod
COE Cooper Energy
STO Santos Limited
ROC Roc Oil
CVX Chevron Australia Pty Ltd
TRU TRUenergy Pty Ltd
SJE Sojitz Energy
ORG Origin Energy Resources Ltd
IBL INPEX Browse, Ltd.
PTM Pertamina
BP BP Exploration (Delta)
TOE TriOcean Energy
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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