Beach Petroleum Limited (ASX:BPT) Weekly Drilling Report Week ending 2 September 2009
Beach Petroleum Limited (ASX:BPT) Weekly Drilling Report Week ending 2 September 2009
Adelaide, Sep 3, 2009 AEST (ABN Newswire) - Beach Petroleum Limited (ASX:BPT)(PINK:BEPTF) drilling report for the week ending 12 August, 2009. Highlights of the week's activities include:

Beach Petroleum Operated Cooper / Eromanga Exploration

Marino-1 (PEL 91, Beach 40%) has been plugged and abandoned and the rig has been released. A drillstem test over the interval 1649 - 1655 metres in the Birkhead Formation recovered approx 3.5 barrels of oil during a 3-hour flow period. While the recovery of live oil is encouraging for the future exploration in the permit area, the result demonstrates that the zone is not capable of commercial production at this location.

The Ensign 30 rig is being moved to the Wakefield-1 location in PEL 218 (Post Permian J.V., Beach 23.33%). The well, a test of the Mesozoic section in the Nappamerri Trough, will be targeting oil in the Namur and Hutton Sandstones. Wakefield-1 is expected to spud mid next week.

Basker - Manta - Gummy (BMG) Oil Field Development - Gippsland Basin

Basker-7 (Beach 30%) has been cased and completed as a Latrobe Group oil producer. The Ocean Patriot semi-submersible rig is expected to be released from the well later today.

Beach Operated Bass Basin - Offshore Tasmania: Spikey Beach-1 (T/38P)

The Ocean Patriot semi-submersible drilling rig is expected to be released to Beach for the drilling of the Spikey Beach-1 exploration well in T/38P, in the Bass Basin, offshore Tasmania, later today. Beach is the Operator for the well and will be earning 80% in the Spikey Beach Farmout Blocks through the drilling of the well. Spikey Beach-1 will be targeting mean recoverable oil of 16 million barrels and a high side of 41 million barrels (recoverable) of oil in the Upper Eastern View Group. The well is expected to spud early next week., dependent upon weather conditions.

Egypt - North Shadwan Concession - Gulf of Suez

The Comet Jack-up rig has moved onto the NS394-3 (Burtocal North) oil exploration well location (Beach 20%) in the Gulf of Suez. The well, located 3 km north of the NS394-1, 1A oil discovery, will be targeting oil in the Cretaceous Nubia Formation. NS394-3 is to be drilled to a planned depth of 3475 metres and is expected to spud by the end of this week.
---------------------------------
Well               Participants
---------------------------------
Marino-1           BPT*    40.00%
PEL 91             DLS     60.00%
Oil Exploration
C/E Basin, SA
-------------------------------------------------------
Weekly Progress & Summary            Primary Targets
-------------------------------------------------------
Report Time: 0600(CST) 02/09/2009    Namur Sandstone
Depth:       1941m (TD)              Birkhead Formation
Operation:   Plugged and abandoned;
             DST-1 gave minor oil
             recovery
Progress:    938m

--------------------------------------
Well                    Participants
--------------------------------------
Paralana-2              BPT*    21.00%
GEL 178                 PTR     69.00%
Geothermal Exploration  TRU     10.00%
Arrowie Basin, SA
-------------------------------------------------------
Weekly Progress & Summary             Primary Targets
-------------------------------------------------------
Report Time: 0600 hrs(CST) 02/09/2009 Upper Cannana
Depth:       2100m                    or Bolla Bollana
Operation:   Drilling ahead in
             the Brachina Formation.
Progress:    150m

------------------------------------
Well                  Participants
------------------------------------
NS-394-3              BPT     20.00%
(Burtocal-Nth)        BP*     50.00%
Oil Exploration Well  TOE     30.00%
N. Shadwan, Egypt
---------------------------------------------------------
Weekly Progress & Summary               Primary Targets
---------------------------------------------------------
Report Time: 0600hrs(Egypt) 01/09/2009  Nubia Sandstone
Depth:       0m                         Matulla Sandstone
Operation:   Waiting on weather to
             jack up rig on location.
Progress:    0m

---------------------------------
Well               Participants
---------------------------------
Basker-7           BPT     30.00%
Vic L26            ROC*    30.00%
Development        CIE     20.00%
Gippsland Basin,   SJE     10.00%
VIC                PTM     10.00%
-------------------------------------------------------
Weekly Progress & Summary              Primary Targets
-------------------------------------------------------
Report Time: 600 hrs(AEST) 02/09/2009  Latrobe Group
Depth:       3921m (TD)
Operation:   Cased and suspended as
             a Latrobe Group oil
             producer.
             Rig released.
Progress:    384m

---------------------------------
Well               Participants
---------------------------------
Charo-6            BPT     20.21%
PPL 177            STO*    66.60%
Oil Appraisal      ORG     13.19%
C/E Basin, SA
----------------------------------------------------------
Weekly Progress & Summary               Primary Targets
----------------------------------------------------------
Report Time: 0600 hrs (CST) 02/09/2009  Birkhead Formation
Depth:       1871m (TD)                 Hutton Sandstone
Operation:   Well is cased and          Namur Sandstone
             suspended as a future
             Birkhead Formation oil
             producer. Rig moving
             to Charo-7.
Progress:    0m

---------------------------------
Well               Participants
---------------------------------
Wackett-16         BPT     23.20%
PL 62              STO*    60.06%
Gas Development    ORG     16.74%
C/E Basin, QLD
----------------------------------------------------------
Weekly Progress & Summary              Primary Targets
----------------------------------------------------------
Report Time: 0600 hrs(CST) 02/09/2009  Toolachee Formation
Depth:       1996m (TD)
Operation:   Well is plugged and abandoned.
Progress:    0m

---------------------------------
Well               Participants
---------------------------------
Okotoko West-2     BPT     23.20%
PL 288 (ATP 259P)  STO*    60.06%
Gas Development    ORG     16.74%
C/E Basin, QLD
-------------------------------------------------------
Weekly Progress & Summary              Primary Targets
-------------------------------------------------------
Report Time: 0600 hrs(CST) 02/09/2009  Hutton Sandstone
Depth:       410m                      Patchawarra Fm (s)
Operation:   Drilling surface hole
Progress:    410m

* Operator                                                              
(s)    Secondary Targets
BPT    Beach Petroleum Ltd
PTR    Petratherm Ltd
CIE    Cieco Exl & Prod 
COE    Cooper Energy
STO    Santos Limited
ROC    Roc Oil    
CVX    Chevron Australia Pty Ltd
TRU    TRUenergy Pty Ltd
SJE    Sojitz Energy     
ORG    Origin Energy Resources Ltd
IBL    INPEX Browse, Ltd.
PTM    Pertamina 
BP     BP Exploration (Delta)
TOE    TriOcean Energy


About Beach Energy Limited

Beach Energy Limited (ASX:BPT) is a long established oil and gas Exploration and Production Company, based in Adelaide, South Australia.

 


Contact

Hector Gordon
Chief Operating Officer
TEL: +61-8-8338-2833



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