Brisbane, July 9, 2008 AEST (ABN Newswire) - Beach Petroleum Limited (ASX:BPT)(PINK:BEPTF) Weekly Drilling Report for Week ending 9 July 2008
The weekly drilling report for the week ending 9 July 2008 is attached. Highlights of the week's activities include:
Cooper/Eromanga Oil
In areas operated by Santos, one successful well was drilled (Narcoonowie-7, Beach 20.21%), and two wells are in progress (Deparanie-2, Beach 20.21% and Big Lake-88, Beach 20.21%).
Well Participants Big Lake-88 BPT 20.21% PPL 11 STO* 66.60% Oil Development ORG 13.19% C/E Basin, SA Weekly Progress & Summary Primary Targets Report Time: 0600 hrs (CST) 08/07/2008 Hutton Depth: 1984m Operation: Drilling ahead in the Hutton Sandstone. Progress: 1434m Narcoonowie-7 BPT 20.21% PPL 25 STO* 66.60% Oil Development ORG 13.19% C/E Basin, SA Report Time: 0600 hrs (CST) 08/07/2008 Basal Birkhead Depth: 1678m (TD) Operation: Well to be cased and suspended as a future oil producer.Progress: 1678m Deparanie-2 BPT 20.21% PPL 174 STO* 66.60% Oil Appraisal ORG 13.19% C/E Basin, SA Report Time: 0600 hrs (CST) 08/07/2008 Namur Depth: 2512m (TD) Tirrawarra (s) Operation: Running wireline logs. Progress: 1073m COAL SEAM GAS PROJECTS Location Participants Pl 198 BPT 40% Coal Seam Develop't AOE* 60% Surat Basin, QLD Well Depth Operation: 0600hrs (EST) 9th July 2008 Tipton - 113 392.35m (TD) Well completed, rig moved to Tipton 38T.Tipton -39T 553m Under reaming. Tipton - 38T 389.25m Drilling production hole. * Operator (s) Secondary Targets BPT Beach Petroleum Ltd STO Santos Limited ORG Origin Energy Resources Ltd AOE Arrow Energy NL
Contact
Reg Nelson
Beach Petroleum
TEL: +61-8-8338-2833
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