Perth, Mar 19, 2009 AEST (ABN Newswire) - Beach Petroleum Limited (ASX:BPT)(PINK:BEPTF) The drilling report for the week ending 18 March, 2009 is attached. Highlights of the week's activities include:
Egypt - South East July Concession - Gulf of Suez
South July-1 reached a total depth of 3927 metres in Rudeis, Yusr Member sandstones. Due to a thicker than anticipated Lower Rudeis interval, the well was not deepened further in an attempt to reach the Nubia Formation, the second of its two primary reservoir targets. Hydrocarbon shows were encountered at the top of the Yusr Member and the well is now being sidetracked in order to evaluate the Yusr sands in a position up-dip of the current location. South July-1 ST1 is currently drilling ahead at a depth of 2857 metres. Interests in the sidetrack are Beach Petroleum (Egypt) Pty Limited, 33.33% and Dana Petroleum (E&P) Limited, 66.67%. Concession Operator Santos Egypt Pty Ltd. has elected to not participate in the sidetrack.
------------------------------------Well Participants------------------------------------South July-1ST1 BPT 3.33%SE July Concession DNX* 66.67%Oil ExplorationGulf of Suez, Egypt---------------------------------------------------------------Weekly Progress & Summary Primary Targets---------------------------------------------------------------Report Time: 0600hrs (Egypt) 18/03/2009 Lower Rudeis FmDepth: 2857mOperation: Well being sidetracked after reaching depth of 3927 metres. Currently drilling ahead in sidetrack hole to evaluate lower Rudeis Formation sands in updip positionProgress: 83m------------------------------------Well Participants------------------------------------Fly Lake-26 BPT 0.21%PPL18 STO* 66.60%Gas Development ORG 13.19%C/E Basin, SA---------------------------------------------------------------Weekly Progress & Summary Primary Targets---------------------------------------------------------------Report Time: 0600 hrs (CST) 18/03/2009 Patchawarra FmDepth: 2952m (TD)Operation: Well is cased and suspended as a future Patchawarra Formation and Tirrawarra Sandstone gas producerProgress: 0m------------------------------------Well Participants------------------------------------Nephrite Sth-5 BPT 20.21%PPL 140 STO* 66.60%Gas Devlpment ORG 13.19%C/E Basin, SA---------------------------------------------------------------Weekly Progress & Summary Primary Targets---------------------------------------------------------------Report Time: 0600 hrs (AEST) 18/03/2009 Patchawarra FmDepth: 1778mOperation: Drilling ahead in the Murta FormationProgress: 1520m---------------------------------------------------------------* Operator(s) Secondary TargetsORG Origin Energy Resources LTDBPT Beach Petroleum LtdSTO Santos LimitedDNX Dana Petroleum (E&P) Limited
Contact
Hector Gordon
Chief Operating Officer
TEL: +61-8-8338-2833
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