Adelaide, June 18, 2008 AEST (ABN Newswire) - Beach Petroleum Limited Weekly Drilling Report For the Week ending 18 June 2008
The weekly drilling report for the week ending 18 June 2008 follows. Highlights of the week's activities include:
Cooper/Eromanga Oil
- Parsons-1 (Beach 75%) commenced freeflow production on the 16 June at an initial stabilised rate of 2640 bopd.
- In areas operated by Santos, one successful well was drilled
(Mama-1, Beach 20.21%) and one well is in progress
(Big Lake-87, Beach 20.21%).
-------------------------------------------------------------Well Participants -------------------------------------------------------------Mama-1 BPT 20.21% PPL 149 STO* 66.66%Oil NFE Well ORG 13.19% C/E Basin, SA -------------------------------------------------------------Weekly Progress & Summary Primary Targets-------------------------------------------------------------Report Time: 0600 hrs (CST) 17/06/2008 Murta, McKinlayDepth: 1544m (TD) other Jurassic (S)Operation: Well being cased and suspended. Progress: 1002m -------------------------------------------------------------Well Participants -------------------------------------------------------------Big Lake-87 BPT 20.21% PPL 11 STO* 66.00% Oil Development ORG 13.19% C/E Basin, SA -------------------------------------------------------------Weekly Progress & Summary Primary Targets-------------------------------------------------------------Report Time: 0600 hrs (CST)17/06/2008 Mid BirkheadDepth: 701m Hutton (s)operation: Drilling ahead in main hole Progress: 701m --------------------------------------------- COAL SEAM GAS PROJECTS---------------------------------------------Location Participants Well---------------------------------------------Pl 198 BPT 40% Tipton - 98TCoal Seam Develop't AOE* 60% Tipton - 132ASurat Basin, QLD Tipton - 131Depth Operation: 0600hrs (EST) 18th June 2008581.57m(TD) Rig moved to Tipton 132A. 248.2m Drilling ahead. 611.79m(TD) Preparing to move to Tipton 133.* OperatorBPT Beach Petroleum LtdSTO Santos LimitedORG Origin Energy Resources LtdAOE Arrow Energy NL(s) Secondary targets
Contact
Hector Gordon
Chief Operating Officer
TEL: +61-8-8338-2833
FAX: +61-8-8338-2336
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