Adelaide, Feb 19, 2009 AEST (ABN Newswire) - Beach Petroleum Limited (ASX:BPT)(PINK:BEPTF) announce the drilling report for the week ending 18 February 2009.
The drilling report and well location map for the week ending 18 February, 2009 are attached. Highlights of the week's activities include:
Beach Petroleum Operated Cooper / Eromanga Exploration
Perlubie-1 has been cased and suspended for completion as a future oil producer. The well is to be tied-in to the nearby Parsons oil field facilities, from which oil will then be transported to Moomba by existing pipelines. Production from Perlubie-1 is scheduled to commence at the end of June. Interests in Perlubie-1 are Beach Petroleum Ltd (75%) and Cooper Energy Ltd (25%).
Cooper/Eromanga Oil Exploration and Development - Santos Operated
In areas operated by Santos, two wells are in progress: Muteroo-6, Beach 20.21% and Chilla-3A, Beach 38..50%.
Egypt - South East July Concession - Gulf of Suez
South July-1, targeting oil in the Lower Rudeis and Nubia Formations, is at a depth of 3647 metres. The current operation is preparing to run wireline log suite in advance of installing intermediate casing. Interests in South July-1 are Beach Petroleum (Egypt) Pty Limited, 20%, Santos Egypt Pty Ltd, 40% and Dana Petroleum (E&P) Limited, 40%.
------------------------------------Well Participants------------------------------------Perlubie-1 BPT* 75.00% PEL 92 COE 25.00% Oil Exploration C/E Basin, SA --------------------------------------------------------------- Weekly Progress & Summary Primary Targets---------------------------------------------------------------Report Time: 0600(CST) 18/02/2009 Namur, Pool (s)Depth: 1900m (TD) Birk/Hutt (s)Operation: Well has been cased and suspended as a future Namur Sandstone oil producer. Progress: 0m ------------------------------------Well Participants------------------------------------South July-1 BPT 20.00% SE July Concession STO* 40.00% Oil Exploration DNX 40.00% Gulf of Suez, Egypt --------------------------------------------------------------- Weekly Progress & Summary Primary Targets---------------------------------------------------------------Report Time: 0600hrs (Egypt) 17/02/2009 Rudeis FmDepth: 3647m Nubia SstOperation: Preparing to run intermediate log suite. Progress: 323m ------------------------------------Well Participants------------------------------------Muteroo-6 BPT 20.21% PPL 32 STO* 66.60% Oil Development ORG 13.19% C/E Basin, Qld --------------------------------------------------------------- Weekly Progress & Summary Primary Targets---------------------------------------------------------------Report Time: 0600 hrs (AEST) 18/02/2009 Birkhead FmDepth: 1971m (TD) Hutton SstOperation: Preparing to run wireline logs. Progress: 379m ------------------------------------Well Participants------------------------------------Mudrangie Sth-1 BPT 20.21% PPL 196 STO* 66.60% Oil/Gas Development ORG 13.19% C/E Basin, SA --------------------------------------------------------------- Weekly Progress & Summary Primary Targets---------------------------------------------------------------Report Time: 0600 hrs (AEST) 18/02/2009 Patchawarra FmDepth: 1737m Tirrawarra SstOperation: Drilling ahead in the Wallumbilla Formation. Progress: 361m ------------------------------------Well Participants------------------------------------Chilla-3A BPT 38.50% PL 25 STO* 55.50% Oil Appraisal IOR 2.00% C/E Basin, Qld DLS 2.00% --------------------------------------------------------------- Weekly Progress & Summary Primary Targets---------------------------------------------------------------Report Time: 0600 hrs (AEST) 18/02/2009 Murta FmDepth: 31m Operation: Chilla-3 was abandoned at depth of 230m. Currently drilling surface hole at Chilla-3A, located 5 metres from Chila-3. Progress: 31m ------------------------------------Well Participants------------------------------------Fly Lake-27 BPT 20.21% PPL18 STO* 66.60% Gas Development ORG 13.19% C/E Basin, SA --------------------------------------------------------------- Weekly Progress & Summary Primary Targets--------------------------------------------------------------- Report Time: 0600 hrs (CST) 18/02/2009 Patchawarra FmDepth: 2944m (TD) Operation: Well to be cased and suspended as a future Permian gas producer. Progress: 653m --------------------------------COAL SEAM GAS PROJECTS Location Participants-------------------------------- PL A 258 BPT 40% Coal Seam Develop't AOE* 60% Surat Basin, QLD PLA 258 BPT 40% Coal Seam Develop't AOE* 60% Surat Basin, QLD ATP 683P BPT 40% Coal Seam Develop't AOE* 60% Surat Basin, QLD--------------------------------------------------------------------Well Depth Operation: 0600hrs (EST) 18th February 2009--------------------------------------------------------------------Meenawarra-8 459.2m (TD) Preparing to run production liner. Meenawarra-7 458.85m (TD) Well has been completed. Rig moved to Meenawarra-8. Bora Creek 3 60.6m Installing blowout preventers. * Operator (s) Secondary Targets COE Cooper Energy Resources IOR Inland Oil Resources BPT Beach Petroleum Ltd DNX Dana Petroleum (E&P) Limited ORG Origin Energy Resources LTD AOE Arrow Energy NL DLS Drillsearch N.L STO Santos Limited AGF Australian Gasfields LTD
Contact
Hector Gordon
Chief Operating Officer
TEL: +61-8-8338-2833
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