Brisbane, May 7, 2008 AEST (ABN Newswire) - Beach Petroleum Limited (ASX:BPT) announce the weekly drilling report for the week ending 7 May 2008. Highlights of the week's activities include:
Cooper/Eromanga Oil
Bodalla South-19 (Beach 100%) is being cased and suspended for future completion for oil production from the Birkhead Formation and Hutton Sandstone.
BMG Project
Basker-6 ST1 (Beach 30%) was perforated over three reservoir intervals with resulting oil flow rates from each zone in the range 3980-4800 bopd. The well is expected to commence production in the third quarter of 2008.
----------------------------------------------------------------------------------------------------Well Participants Weekly Progress & Summary Primary Targets----------------------------------------------------------------------------------------------------Bodalla South-19 BPT* 100.0% Report Time: 0600 hrs (CST) 07/05/2008 Birkhead/HuttonPL 31 Depth: 1686m (TD) Operation: Well to be cased and suspended as a future oilOil Appraisal producer from the Birkhead Formation and Hutton Sandstone.C/E Basin, QLD Progress: 1686m DST from Basal Jurassic flowed water to surface. ----------------------------------------------------------------------------------------------------Basker-6 ST1 BPT 40.00% Report Time: 0600 hrs (CST) 07/05/2008 Intra-Latrobe VIC /L26 AZA* 40.00% Depth: 3395mRT (TD) sands Dev/Appraisal (Oil) CIECO 20.00% Operation: Completion operations Gippsland Progress: 0m Well to be cased and completed as a future oil producer. ----------------------------------------------------------------------------------------------------Coonatie-12 BPT 17.14% Report Time: 0600 hrs (CST) 06/05/2008 Numerous PermianPPL: 131 STO* 72.32% Depth: 3165m (TD) targets Gas Development ORG 10.54% Operation: Cased and suspended as a future gas producerC/E Basin, SA Progress: 312m ----------------------------------------------------------------------------------------------------Bindah-2 BPT 20.21% Report Time: 0600 hrs (CST) 06/05/2008 PatchawarraPPL: 124 STO* 66.60% Depth: 2607m Tirrawarra (s)Oil &Gas Devel ORG 13.19% Operation: Drilling ahead in the Patchawarra formation C/E Basin, SA Progress: 1212m ----------------------------------------------------------------------------------------------------COAL SEAM GAS PROJECTS ----------------------------------------------------------------------------------------------------Location Participants Well Depth Operation: 0600hrs (EST) 7th May 2008Pl 198 BPT 40% Tipton-100T 570.22m Completed - Mobilised to Tipton - 25TCoal Seam Develop't AOE* 60% Tipton-28T 18m Drilling ahead in surface hole Tipton-25 252.3m Coring ahead Sur Basin, QLD Tipton-96T 4856m Drilling ahead to TD ----------------------------------------------------------------------------------------------------ATP 683P BPT 40% River Road 5T 467m Completed - Mobilised to Tipton - 96TSurat 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 CorporationCOE Cooper Energy Ltd SOJITZ Sojitz Energy Australia Ltd C/E = Cooper/Eromanga Sur = Surat Gip = Gippsland ----------------------------------------------------------------------------------------------------
Contact
Reg Nelson
Beach Petroleum
TEL: 08 8338 2833
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