Adelaide, Sep 18, 2008 AEST (ABN Newswire) - Beach Petroleum Limited (ASX:BPT)(PINK:BEPTF) announce the drilling report for the week ending 17 September, 2008 are attached. Highlights of the week's activities include:
Cooper/Eromanga
In areas operated by Santos:
- Two wells are in progress (Galex-2, Beach 23.20% and Jackson-57, Beach 38.50%).
- Two wells have been cased and suspended as future producers (Big Lake-89 (gas), Beach 20.21% and Iliad-4 (oil), Beach 30.00%).
----------------------------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) 16/09/2008 Patchawarra FmDepth: 3166m (TMD) 3064m (TVD) (TD) Tirrawarra Sst (s)Operation: Well cased and suspended as future Toolachee Sandstone and Patchawarra Formation gas producer.Progress: 0m ----------------------------Well Participants----------------------------Galex-2 BPT 23.20%PL 61 STO* 60.06%Gas Development ORG 16.74%C/E Basin, QLD ---------------------------------------------------------------Weekly Progress & Summary Primary Targets---------------------------------------------------------------Report Time: 0600 hrs (CST) 16/09/2008 Patchawarra FmDepth: 2132m Toolachee Fm (s)Operation: Wiper trip. Progress: 2048m ----------------------------Well Participants----------------------------Iliad-4 BPT 30.00%PL 34 STO* 70.00%Oil Appraisal C/E Basin, QLD ---------------------------------------------------------------Weekly Progress & Summary Primary Targets---------------------------------------------------------------Report Time: 0600 hrs (CST) 16/09/2008 Murta Fm Depth: 1340m McKinlay Mbr (s)Operation: Well cased and suspended as future Murta Formation and McKinlay Member oil producer. Progress: 535m ----------------------------Well Participants----------------------------Jackson-57 BPT 38.50%PL 23 STO* 55.50%Oil Development IOR 2.00%C/E Basin, Qld DLS 2.00% AGF 2.00%---------------------------------------------------------------Weekly Progress & Summary Primary Targets---------------------------------------------------------------Report Time: 0600 hrs (CST) 16/09/2008 Hutton Sst Depth: 219m Westbourne Fm (s)Operation: Testing blow out preventers. Progress: 169m --------------------------------COAL SEAM GAS PROJECTS Location Participants--------------------------------Pl 198 BPT 40%Coal Seam Develop't AOE* 60%Surat Basin, QLD --------------------------------------------------------------------Well Depth Operation: 0600hrs (EST) 17 Sep.2008--------------------------------------------------------------------Tipton - 148 641m (TD) Completing wellTipton - 149 611m (TD) Completing well* Operator(s) Secondary Targets AOE Arrow Energy NLBPT Beach Petroleum Ltd ORG Origin Energy Resources LTDSTO Santos Limited AGF Australian Gas Fields LTDDLS Drillsearch Energy IOR Inland Oil Resources
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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