Adelaide, Nov 12, 2008 AEST (ABN Newswire) - Beach Petroleum Limited (ASX:BPT)(PINK:BEPTF) announce the drilling report for the week ending ending 12 November, 2008 are attached.
Highlights of the week's activities include:
Cooper/Eromanga Oil
In areas operated by Santos, one well is in progress (Watson-3, Beach 38.50%).
Beach Petroleum Operated Cooper / Eromanga Exploration
The Ensign 30 drill rig is being moved from the Brownlow-1 gas discovery to Canunda-1, (PEL 106FI, Beach earning 50.00%) which is scheduled to spud on or about 14 November. The well, located 11.5 km to the north of Brownlow-1, is targeting liquids rich Patchawarra Formation gas within a fault dependant closure on the western margin of the highly productive Patchawarra Trough.
Bass Basin - Offshore Tasmania: PeeJay-1 (T/39P)
Rig repairs have been completed and the West Triton jack-up rig is now back on location at PeeJay-1, currently jacking up. (Beach earning 50.00%).
----------------------------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) 12/11/2008 Upper Eastern Depth: View GroupOperation: Jacking up on location . after completing rig repairs ----------------------------Well Participants---------------------------- Canunda-1 BPT* 50.00% PEL106 DLS 50.00% (Farmin Block) Gas Exploration C/E Basin, SA---------------------------------------------------------------Weekly Progress & Summary Primary Targets---------------------------------------------------------------Report Time: 0800 (CST) 12/11/2008 Patchawarra FmDepth: Operation: Rigging up. Progress:----------------------------Well Participants----------------------------Vega-3 BPT 23.20% PL 131 STO* 60.06% Gas Development ORG 16.74% C/E Basin, QLD ---------------------------------------------------------------Weekly Progress & Summary Primary Targets---------------------------------------------------------------Report Time: 0600 hrs (CST) 12/11/2008 Toolachee FmDepth: 1695m Patchawarra FmOperation: Drilling ahead in the Murta Fm. Progress: 1695m ----------------------------Well Participants----------------------------Watson-3 BPT 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) 12/11/2008 Hutton Sst Depth: 1674m (TD) Basal JurassicOperation: Pulling out of hole to run wireline logs. Progress: 1659m --------------------------------COAL SEAM GAS PROJECTS Location Participants--------------------------------Pl 198 BPT 40% Coal Seam Develop't AOE* 60% Surat Basin, QLD --------------------------------------------------------------------Well Depth Operation: 0600hrs (EST) 12th November 2008--------------------------------------------------------------------Bora Creek 2 288m Completing wellGlenburnie 3 70m Drilling ahead in main holeTipton-139 537m (TD) Drilling production section to TD.* Operator (s) Secondary Targets BPT Beach Petroleum Ltd STO Santos Limited AOE Arrow Energy NL ORG Origin Energy Resources LTD AGF Australian Gas Fields LTD BEN Benaris Petroleum N.V DLS 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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