Beach Petroleum Limited (ASX:BPT) Weekly Drilling Report Week ending 28 October 2009
Adelaide, Oct 28, 2009 AEST (ABN Newswire) - Beach Petroleum Limited (ASX:BPT)(PINK:BEPTF) drilling report for the week ending 28 October.
Highlights of the week's activities include:
Egypt - North Shadwan Concession - Gulf of Suez
The NS 394-3 [Burtocal North-1] oil exploration well (Beach 20%) is at a depth of 3224 metres.
The current operation is tripping out of hole to change bit prior to drilling ahead towards reservoir target Nubia Formation.
The NS 377-3 development well (Beach 20%) is at a depth of 2292 metres. The current operation is preparing to drill ahead towards extended reach target having set 9.625" casing.
--------------------------------------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) 28/10/2009 Upper CannanaDepth: 3822m or Bolla BollanaOperation: Drilling ahead in Skilogalee Formation.Progress: 271m--------------------------------------Well Participants--------------------------------------NS 394-3 BPT 20.00%(Burtocal North-1) BP* 50.00%Oil Exploration Well TOE 30.00%N. Shadwan, Egypt-------------------------------------------------------Weekly Progress & Summary Primary Targets-------------------------------------------------------Report Time: 0600hrs(local) 27/10/2009 Nubia SandstoneDepth: 3224mOperation: Bit change prior to drilling ahead.Progress: 226m--------------------------------------Well Participants--------------------------------------NS 377-3 BPT 20.00%Oil Development BP* 50.00%North Shadwan TOE 30.00%Egypt-------------------------------------------------------Weekly Progress & Summary Primary Targets-------------------------------------------------------Report Time: 0600 hrs(local) 27/10/2009 Kareem FormationDepth: 2292mOperation: 9.625" casing installed; preparing to drill ahead.Progress: 1053m--------------------------------------Well Participants--------------------------------------Daralingie-27 BPT 20.21%PPL 10 STO* 66.60%Gas Development ORG 13.19%C/E Basin, SA-------------------------------------------------------Weekly Progress & Summary Primary Targets-------------------------------------------------------Report Time: 0600 hrs(CST) 28/10/2009 Patchawarra FormationDepth: 2294m (TD)Operation: Well is to be cased and suspended as a future Patchawarra Formation gas producer.Progress: 1538m--------------------------------------Well Participants--------------------------------------Kercummurra-2 BPT 28.80%ATP 259P STO* 61.20%Oil Appraisal ORG 10.00%C/E Basin, QLD-------------------------------------------------------Weekly Progress & Summary Primary Targets-------------------------------------------------------Report Time: 0600 hrs(CST) 28/10/2009 Hutton Sandstone,Depth: 1535m (TD) Murta FormationOperation: Completing logging program.Progress: 1344m(s) Secondary Targets(*) OperatorBPT Beach Petroleum LtdORG Origin Energy Resources LtdBP BP Exploration (Delta)PTR Petratherm LtdTRU TRUenergy Pty LtdSTO Santos LimitedTOE TriOcean Energy
Contact
Hector Gordon
Chief Operating Officer
TEL: +61-8-8338-2833
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