Perth, Feb 25, 2009 AEST (ABN Newswire) - Beach Petroleum Limited (ASX:BPT)(PINK:BEPTF) announces the drilling report for the week ending 25 February 2009
Cooper/Eromanga Oil Exploration and Development - Santos Operated
In areas operated by Santos, one well was successful (Chilla-3A, Beach 38.50%) and one well was unsuccessful (Muteroo-6, Beach 20.21%).
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 3757 metres. Current operation is completing acquisition of the intermediate wireline log suite. 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 -----------------------------------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) 24/02/2009 Lower Rudeis FmDepth: 3757m Nubia SstOperation: Completing acquisition of intermediate wireline log suite.Progress: 110m---------------------------------------------------------------------------------------------------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) 25/02/2009 Birkhead FmDepth: 1971m (TD) Hutton SstOperation: Well has been plugged and abandoned.Progress: 0m----------------------------------------------------------------------------------------------------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) 25/02/2009 Patchawarra FmDepth: 3058m Tirrawarra SstOperation: Drilling ahead in the Patchawarra Formation.Progress: 1321m---------------------------------------------------------------------------------------------------Well Participants -----------------------------------Chilla-3A BPT 38.50%PL 25 STO* 55.50%Oil Appraisal IOR 2.00%C/E Basin, Qld DLS 2.00% AGF 2.00%---------------------------------------------------------------------------------------------------Weekly Progress & Summary Primary Targets----------------------------------------------------------------Report Time: 0600 hrs (AEST) 25/02/2009 Murta FmDepth: 1528m (TD)Operation: Well is being cased and suspended as a future Murta Formation oil producer.Progress: 1497m----------------------------------------------------------------COAL SEAM GAS PROJECTS -----------------------------------Location Participants-----------------------------------PL A 258 BPT 40%Coal Seam Develop't AOE* 60%Surat Basin, QLD -------------------------------------------------------------------------------------------------Well Depth Operation: 0600hrs (EST) 25th Feb 2009--------------------------------------------------------------Meenawarra-8 459.2m (TD) Well has been completed. Rig moved to Meenawarra 11.-------------------------------------------------------------------------------------------------Location Participants----------------------------------- PLA 258 BPT 40%Coal Seam Develop't AOE* 60%Surat Basin, QLD -------------------------------------------------------------------------------------------------Well Depth Operation: 0600hrs (EST) 25th Feb 2009--------------------------------------------------------------Meenawarra-11 379m Drilling production zone.-----------------------------------Location Participants----------------------------------- ATP 683P BPT 40%Coal Seam Develop't AOE* 60%Surat Basin, QLD -------------------------------------------------------------------------------------------------Well Depth Operation: 0600hrs (EST) 25th Feb 2009--------------------------------------------------------------Bora Creek-3 263.3m (TD) Completing well.--------------------------------------------------------------* Operator (s) Secondary TargetsCOE Cooper Energy ResourcesIOR Inland Oil ResourcesBPT Beach Petroleum LtdDNX Dana Petroleum (E&P) LimitedORG Origin Energy Resources LTDAOE Arrow Energy NLDLS Drillsearch N.LSTO Santos LimitedAGF Australian Gasfields LTD
Contact
Hector Gordon
Chief Operating Officer
TEL: +61-8-8338-2833
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