Beach Petroleum Limited (ASX:BPT)
Adelaide, Mar 26, 2009 AEST (ABN Newswire) - Beach Petroleum Limited (ASX:BPT)(PINK:BEPTF) The drilling report and well location map for the week ending 25 March, 2009 are attached. Highlights of the week's activities include:
Egypt - South East July Concession - Gulf of Suez
South July-1 ST1, targeting oil in the Yusr sands of the lower Rudeis Formation, is currently drilling ahead at a depth of 3058 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 33.33%SE July Concession DNX* 66.67% Oil ExplorationGulf of Suez, Egypt---------------------------------------------------------------Weekly Progress & Summary Primary Targets---------------------------------------------------------------Report Time: 0600hrs (Egypt) 25/03/2009 Lower RudeisDepth: 3058m Yusr MbrOperation: Drilling ahead in the upper Rudeis Formation.Progress: 273m------------------------------------Well Participants------------------------------------Tindilpie-7 BPT 20.21%PPL 140 STO* 66.60%Gas Development ORG 13.19%C/E Basin, SA---------------------------------------------------------------Weekly Progress & Summary Primary Targets---------------------------------------------------------------Report Time: 0600 hrs (CST) 25/03/2009 Patchawarra FmDepth: 1103mOperation: Drilling ahead in the Cretaceous.Progress: 1103m------------------------------------Well Participants------------------------------------Nephrite Sth-5 BPT 20.21%PPL 140 STO* 66.60%Gas Development ORG 13.19%C/E Basin, SA---------------------------------------------------------------Weekly Progress & Summary Primary Targets---------------------------------------------------------------Report Time: 0600 hrs (AEST) 25/03/2009 Patchawarra FmDepth: 3248m (TD)Operation: Preparing to run wireline logs.Progress: 1470m * Operator(s) Secondary TargetsBPT Beach Petroleum LtdDNX Dana Petroleum (E&P) LimitedSTO Santos LimitedORG Origin Energy Resources LTD
Contact
Hector Gordon
Chief Operating Officer
TEL: +61-8-8338-2833
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