Perth, Aug 20, 2008 AEST (ABN Newswire) - Beach Petroleum Limited (ASX:BPT)(PINK:BEPTF) Announce the drilling report for the week ending 20 August, 2008 are attached. Highlights of the week's activities include:
Cooper/Eromanga
In areas operated by Santos:
- One well is logging (James-2, Beach 17.14%),
- Beach has elected not to participate in casing Naccowlah South-18 (Beach 38.50%), and
- Marabooka-14 (Beach 20.21%) was cased as a gas production
------------------------------Well Participants ------------------------------Big Lake-89 BPT 20.21%PPL 11 STO* 66.60%Gas Development ORG 13.19%C/E Basin, SA ----------------------------------------------------------Weekly Progress & Summary Primary Targets----------------------------------------------------------Report Time: 0600 hrs (CST) 19/082008 PatchawarraDepth: 1173m TirrawarraOperation: Drilling deviated hole in Oodnadatta Formation.Progress: 294m ------------------------------Well Participants ------------------------------Naccowlah BPT 38.50%Sth-18 PL 25 STO* 55.50%Oil Development IOR 2.00% C/E Basin, SA DLS 2.00% AGF 2.00% ----------------------------------------------------------Weekly Progress & Summary Primary Targets----------------------------------------------------------Report Time: 0600 hrs (CST) 19/08/2008 HuttonDepth: 1902m TD SandstoneOperation: Cleaning hole. Beach have Basal Jurassic(s) elected not to participate in the casing and completion of this well. Progress: 176m ------------------------------Well Participants ------------------------------James-2 BPT 17.14%PPL 182 STO* 72.32%Oil Appraisal ORG 10.54%C/E Basin, SA ----------------------------------------------------------Weekly Progress & Summary Primary Targets----------------------------------------------------------Report Time: 0600 hrs (CST) 19/08/2008 TinchooDepth: 2456m TD FormationOperation: Running wireline logs. Progress: 267m ------------------------------Well Participants ------------------------------Marabooka-14 BPT 20.21%PPL 22 STO* 66.60%Gas Development ORG 13.19%C/E Basin, SA ----------------------------------------------------------Weekly Progress & Summary Primary Targets----------------------------------------------------------Report Time: 0600 hrs (CST) 19/08/2008 Coorikiana Depth: 1117m TD SandstoneOperation: Well is cased and suspended as a future Coorikiana Sandstone gas producer. Progress: 817m ------------------------------COAL SEAM GAS PROJECTSLocation Participants ------------------------------Pl 198 BPT 40%Coal Seam Develop't AOE* 60%Surat Basin, QLD Well Depth Operation: 0600hrs (EST) 20th August 2008--------------------------------------------------------------Tipton -140 201.3m Drilling ahead. --------------------------------------------------------------* Operator (s) Secondary Targets AOE Arrow Energy NL BPT Beach Petroleum Ltd DLS Drillsearch Energy N.LSTO Santos Limited IOR Inland oil (Prod) PTY LTD ORG Origin Energy Resources LTD AGF Australian Gas Fields LTD
Contact
Reg Nelson
Beach Petroleum
08 8338 2833
Mark Lindh
Adelaide Equity
0414 551 361
Ian Howarth
Farrington National
03 9223 2455
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