Adelaide, June 25, 2008 AEST (ABN Newswire) - Beach Petroleum Limited (ASX:BPT)(PINK:BEPTF) Weekly Drilling Report for Week ending 25 June 2008. Highlights of the week's activities include:
Cooper/Eromanga Oil
- In areas operated by Santos, one successful well was drilled (Big Lake-87, Beach 20.21%), and one well is in progress (Granchio-3, Beach 20.21%). Operations were slowed by rain early in the week.
------------------------------Well Participants------------------------------Granchio-3 BPT 20.21%PPL 188 STO* 66.60%Oil Appraisal ORG 13.19%C/E Basin, SA------------------------------Weekly Progress & Summary Primary Targets Report Time: 0600 hrs (CST) 24/06/2008 McKinlayDepth: 1314m Basal Birkhead (S)Operation: Drilling ahead.Progress: 1314m------------------------------Well Participants------------------------------Big Lake-87 BPT 20.21%PPL 11 STO* 66.60% Oil Development ORG 13.19%C/E Basin, SAReport Time: 0600 hrs (CST) 24/06/2008 Mid BirkheadDepth: 2046m (TD) Hutton (s)Operation: Cased and suspended as a future Hutton oil producer.Progress: 1345m------------------------------COAL SEAM GAS PROJECTS------------------------------Location Participants----------------------------------Pl 198 BPT 40%Coal Seam Develop't AOE* 60%Surat Basin, QLDWell Depth Operation: 0600hrs (EST) 25th June 2008Tipton - 133 631.63m (TD) Completing wellTipton - 132A 476.0m Completing well----------------------------------* Operator(s) Secondary TargetsBPT Beach Petroleum LtdSTO Santos LimitedORG Origin Energy Resources LtdAOE Arrow Energy NL
Contact
Reg Nelson
Beach Petroleum
TEL: +61-8-8338-2833
Ian Howarth
Farrington National
MOB: +61-407-822-319
Mark Lindh
Adelaide Equity
MOB: +61-414-551-361
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