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, has reached total depth at 2298 metres in the Nappamerri Formation and is preparing to run wireline logs. Fair hydrocarbon shows have been observed within the Murta, Namur, Adori and Birkhead Formations.
Egypt - North Shadwan Concession - Gulf of Suez
The NS 394-3 [Burtocal North] offshore oil exploration well (Beach 20%) has reached a depth of 1315 metres and is running intermediate casing. Its primary target is the Nubia Sandstone.
The NS377-3 oil development well (Beach 20%) is expected to spud this week. This will be an extended reach production well 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.
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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) 23/09/2009 Namur Sandstone
Depth: 2298m (TD) Hutton Sandstone
Operation: Pulling out of hole
to run wireline logs.
Progress: 831m
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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) 23/09/2009 Upper Cannana
Depth: 2777m or Bolla Bollana
Operation: Running in hole to
drill ahead.
Progress: 311m
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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) 22/09/2009 Nubia Sandstone
Depth: 1315m Matulla Sandstone
Operation: Working stuck casing.
Progress: 643m
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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) 21/09/2009 Nubia Sandstone
Depth:
Operation: Preparing to spud.
Progress: 0m
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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) 23/09/2009 Patchawarra Formation
Depth: 2023m Birkhead Formation (s)
Operation: Drilling ahead in the
Nappamerri Group.
Progress: 1992m
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Well Participants
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Bobs Well-2 BPT 20.21%
PPL 89 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) 23/09/2009 Patchawarra Formation
Depth: 816m
Operation: Surface casing set.
Testing blow out preventers.
Progress: 816m
(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, Well Traced and Deka 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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