ASX:BPT North Shadwan
Adelaide, Mar 11, 2009 AEST (ABN Newswire) - Beach Petroleum Limited (ASX:BPT)(PINK:BEPTF) announce the drilling report for the week ending March 11, 2009.
The drilling report and well location map for the week ending 11 March, 2009 are attached. Highlights of the week’s activities include:
Egypt - South East July Concession - Gulf of Suez
South July-1, targeting oil in the Lower Rudeis and Nubia Formations is drilling ahead at a depth of 3898 metres. 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) 11/03/2009 Lower Rudeis FmDepth: 3898m Nubia SstOperation: Drilling ahead. Progress: 125m ------------------------------------Well Participants------------------------------------ Fly Lake-26 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) 11/03/2009 Patchawarra FmDepth: 2952m (TD) Operation: Preparing to run wireline logs. Progress: 1881m ------------------------------------Well Participants------------------------------------ Nephrite South-5 BPT 20.21% PPL140 STO* 66.60% Gas Development ORG 13.19% C/E Basin, SA --------------------------------------------------------------- Weekly Progress & Summary Primary Targets---------------------------------------------------------------Report Time: 0600 hrs (CST) 11/03/2009 Patchawarra FmDepth: 258m Operation: Drilling ahead in surface hole. Progress: 258m --------------------------------COAL SEAM GAS PROJECTS Location Participants--------------------------------PLA 258 BPT 40% Coal Seam Develop't AOE* 60% Surat Basin, QLD -----------------------------------------------------------------Well Depth Operation: 0600hrs (EST) 11th March 2009-----------------------------------------------------------------Meenawarra- 459m (TD) Running production liner to total depth.12 * Operator(s) Secondary TargetsDNX Dana Petroleum (E&P) LimitedBPT Beach Petroleum LtdORG Origin Energy Resources LTDAOE Arrow Energy NLSTO Santos Limited
Contact
Hector Gordon
Chief Operating Officer
TEL: +61-8-8338-2833
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