Adelaide, Oct 29, 2008 AEST (ABN Newswire) - Beach Petroleum Limited (ASX:BPT)(PINK:BEPTF) announce the drilling report for the week ending ending 29 October 2008
The drilling report and well location map for the week ending 29 October, 2008 are attached. Highlights of the week's activities include:
Cooper/Eromanga Oil
In areas operated by Santos, two wells are in progress (Tickalara-20, Beach 30.00% and Jackson South-16, Beach 38.50%).
Beach Petroleum Operated Cooper / Eromanga Exploration
Brownlow-1 (PEL 106FI, Beach 50.00%) is drilling ahead at a depth of 2520 metres in the Patchawarra Formation.
Bass Basin - Offshore Tasmania: PeeJay-1 (T/39P)
Rig repairs are in progress. The rig owner has advised that drilling at PeeJay-1 is expected to resume in mid November
----------------------------Well Participants---------------------------- PeeJay-1 BPT* 50.00% T/39P BEN 50.00% Oil Exploration Bass Basin, Tas. ---------------------------------------------------------------Weekly Progress & Summary Primary Targets---------------------------------------------------------------Report Time: 0600 (AEST) 29/10/2008 Upper Eastern Depth: 0m View GroupOperation: Rig repairs. Progress: 0m ----------------------------Well Participants----------------------------Brownlow-1 BPT* 50.00%PEL106 (Farmin block) DLS 50.00% Gas Exploration C/E Basin, SA---------------------------------------------------------------Weekly Progress & Summary Primary Targets---------------------------------------------------------------Report Time: 0600 (CST) 29/10/2008 Patchawarra FmDepth: 2520m Operation: Drilling ahead in Patchawarra Fm.Progress: 1596m ----------------------------Well Participants----------------------------Yawa-2 BPT 23.20% PL 111 STO* 60.06% Gas Development ORG 16.74% C/E Basin, QLD ---------------------------------------------------------------Weekly Progress & Summary Primary Targets---------------------------------------------------------------Report Time: 0600 hrs (CST) 29/10/2008 Patchawarra FmDepth: 2625m (TD) Operation: Wiper trip in advance of running logs . Progress: 1861m ----------------------------Well Participants----------------------------Big Lake-91 BPT 20.21% PPL11 STO* 66.60% Gas Development ORG 13.19% C/E Basin, SA ---------------------------------------------------------------Weekly Progress & Summary Primary Targets---------------------------------------------------------------Report Time: 0600 hrs (CST) 29/10/2008 Patchawarra FmDepth: 2451m (2349m TVD) Tirrawarra Sst (s)Operation: Drilling ahead in Daralingie Fm. Progress: 1232m ----------------------------Well Participants----------------------------Tickalara-20 BPT 30.00% PL 34 STO* 70.00% Oil Appraisal C/E Basin, Qld ---------------------------------------------------------------Weekly Progress & Summary Primary Targets---------------------------------------------------------------Report Time: 0600 hrs (CST) 29/10/2008 McKinlay MemDepth: 1422m Other Jurassic(S)Operation: Pulling out of hole to casing shoe to investigate problem with top drive. Progress: 837m ----------------------------Well Participants----------------------------Jackson South-16BPT 38.50% PL 24 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) 29/10/2008 Westboure FmDepth: 1296m mid Birkhead Fm /Operation: Drilling ahead in Namur Sst. Hutton SstProgress: 894m --------------------------------COAL SEAM GAS PROJECTS Location Participants--------------------------------Pl 198 BPT 40% Coal Seam Develop't AOE* 60% Surat Basin, QLD --------------------------------------------------------------------Well Depth Operation: 0600hrs (EST) 29th October 2008 --------------------------------------------------------------------Tipton-138 523.0m (TD) logging hole * Operator (s) Secondary Targets AOE Arrow Energy NL BEN Benaris Petroleum N.V BPT Beach Petroleum Ltd ORG Origin Energy Resources LTD DLS Drillsearch Energy STO Santos Limited AGF Australian Gas Fields LTD 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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