Adelaide, Jan 29, 2009 AEST (ABN Newswire) - Beach Petroleum Limited (ASX:BPT)(PINK:BEPTF) notes the release by Santos yesterday that its year-end reserve review has included a "Major contingent resource booking in the Cooper Basin for unconventional reservoir gas and closer spaced drilling into conventional reservoirs", totalling 863 million boe (Santos Share).
Although Beach has not yet received the DeGoyler and MacNaughton report which has audited this assessment, it is estimated that Beach's share of the identified resource is approximately 262 million boe.
Beach expects to be able to provide further clarification on this matter in late February.
Contact
Reg Nelson
Beach Petroleum
08 8338 2833
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