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 ExplorationC/E Basin, SA-------------------------------------------------------Weekly Progress & Summary Primary Targets-------------------------------------------------------Report Time: 0600(CST) 02/09/2009 Namur SandstoneDepth: 1941m (TD) Birkhead FormationOperation: Plugged and abandoned; DST-1 gave minor oil recoveryProgress: 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 CannanaDepth: 2100m or Bolla BollanaOperation: 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 SandstoneDepth: 0m Matulla SandstoneOperation: 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 GroupDepth: 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 FormationDepth: 1871m (TD) Hutton SandstoneOperation: 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 FormationDepth: 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 SandstoneDepth: 410m Patchawarra Fm (s)Operation: Drilling surface holeProgress: 410m* Operator (s) Secondary TargetsBPT Beach Petroleum LtdPTR Petratherm LtdCIE Cieco Exl & Prod COE Cooper EnergySTO Santos LimitedROC Roc Oil CVX Chevron Australia Pty LtdTRU TRUenergy Pty LtdSJE Sojitz Energy ORG Origin Energy Resources LtdIBL INPEX Browse, Ltd.PTM Pertamina BP BP Exploration (Delta)TOE TriOcean Energy
Contact
Hector Gordon
Chief Operating Officer
TEL: +61-8-8338-2833
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