Perth, April 23, 2008 AEST (ABN Newswire) - Beach Petroleum Limited (ASX:BPT) Weekly Drilling Report 20080423
Beach Petroleum (ASX: BPT) Announce the weekly drilling report for the week ending 23 April 2008 is attached.
Highlights of the week's activities include:
Cooper/Eromanga Oil
- Coolangatta- 1 (Beach 80.0%) encountered minor oil shows, but has subsequently been plugged and abandoned.
- In areas operated by Santos, one well is in progress (McKinlay-9, Beach 20.21%).
Well Participants Weekly Progress & Summary Primary TargetsCoolangatta-1 BPT* 85.00% Report Time: 0600 hrs (CST) 23/04/2008 Namur SandstoneATP 633P STX 15.00% Depth: 1372m Oil Exploration Operation: well is being plugged and abandoned C/E Basin, QLD Progress: 985m Coonatie-12 BPT 17.14% Report Time: 0600 hrs (CST) 22/04/2008 Numerous Permian targetsPPL: 131 STO* 72.32% Depth: 2853m Gas Development ORG 10.54% Operation: Drilling ahead in Callamurra C/E Basin, SA Progress: 1597m Mudera-14 BPT 20.21% Report Time: 0600 hrs (CST) 22/04/2008 Coorikiana SandstonePPL 22 STO* 66.60% Depth: 1031m MemberGas Development ORG 13.19% Operation: Plugged and suspended C/E Basin, SA Progress: 169m Well will be continued with an alternate rig in the future. Cooba-3 BPT 20.21% Report Time: 0600 hrs (CST) 22 /04/2008 Patchawarra FmPPL 68 STO* 66.60% Depth: 3152m (TD) Oil/Gas Development ORG 13.19% Operation: Well cased and suspended as a future gas producer C/E Basin, SA Progress: 1806 McKinlay-9 BPT 20.21% Report Time: 0600 hrs (CST) 22/04/2008 McKinlay MemberPPL 34 STO* 66.60% Depth: 519m Oil Appraisal ORG 13.19% Operation: Drilling ahead in surface hole C/E Basin, SA Progress: 519m COAL SEAM GAS PROJECTS Location Participants Well Depth Operation: 0600hrs (EST) 23rd April 2008 Pl 198 BPT 40% River Road 5 306.5m well cased, setting up for River Road 5T Surat Basin, QLD AOE* 60% PL 198 BPT 40% Tipton-95T 60m drilling ahead Surat Basin, QLD AOE* 60% ATP 683P BPT 40% Long Swamp 3 340m well cased, rig moved to Tipton-95T Surat Basin, Qld AOE* 60% ATP 683P BPT 40% Plainview 3 405m Coring ahead Surat Basin, Qld AOE* 60% * Operator ** BPT 30% subject to completion of sale of 10% equity to Sojitz ** SOJITZ 10% subject to completion of purchase from Beach BPT Beach Petroleum Ltd ORG Origin Energy Resources Ltd STO Santos Limited AOE Arrow Energy NL AZA Anzon Australia Ltd CIECO = Itochu Corporation COE Cooper Energy Ltd SOJITZ Sojitz Energy Australia Ltd C/E = Cooper/Eromanga Sur = Surat Gip = Gippsland
Contact
Hector Gordon
Chief Operating Officer
Tel: (618) 8338 2833
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