Beach Petroleum Limited (ASX:BPT) Weekly Drilling Report Week ending 25 November 2009
Beach Petroleum Limited (ASX:BPT) Weekly Drilling Report Week ending 25 November 2009
Adelaide, Nov 26, 2009 AEST (ABN Newswire) - Beach Petroleum Limited (ASX:BPT)(PINK:BEPTF) drilling report for the week ending 25 November. Highlights of the week's activities include:

Egypt - North Shadwan Concession - Gulf of Suez

Production testing of NS377-3 (Beach 20%) Kareem Formation reservoir to provide data about fluid and reservoir properties has been completed. Flow rates during the test period were constrained to about 1,400 barrels of oil per day. Full production from the well is expected to commence during the second quarter of 2010, at initial rates in excess of 1,500 barrels of oil per day, as predicted earlier.

The NAFTA Rig-1 is being moved four kilometres southeast of the NS377-3 production well to test the oil potential of the Kareem Formation at the NS377-4 (Teen) location (Beach 20%). Teen, expected to spud on 1 December, is a near-shore exploration opportunity in the Gulf of Suez that, like the NS377-3 well, is to be drilled from an onshore location. Although located nearby and having a similar well name, the well will be evaluating a different structure to that which hosts the NS377-3 oil accumulation.

Arrowie Basin (South Australia) - Paralana-2 Geothermal Exploration Well

Logging information for Paralana-2 geothermal deep injector well (Beach, well Operator, earning 21%) has been acquired to 3,740m and is currently being evaluated. Operations are currently delayed by significant rain in the basin.
--------------------------------------
Well                    Participants
--------------------------------------
Paralana-2              BPT*    21.00%
GEL 178                 PTR     69.00%
Geothermal Exploration  TRU     10.00%
Arrowie Basin, SA
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Weekly Progress & Summary              Primary Targets
-------------------------------------------------------
Report Time: 0600 hrs(CST)25/11/2009   Upper Cannana
Depth:       4012m (TD)                 or Bolla Bollana
Operation:   Logging has been completed to 3740 metres.
             Operations are being delayed by significant
             rainfall.
Progress:    0m

--------------------------------------
Well                    Participants
--------------------------------------
NS377-4 (TEEN)          BPT     20.00%
Oil Exploration         BP*     50.00%
North Shadwan           TOE     30.00%
Egypt
-------------------------------------------------------
Weekly Progress & Summary                Primary Targets
-------------------------------------------------------
Report Time: 0600 hrs (local) 24/11/2009 Kareem Formation
Depth:
Operation:   Rig move and rigging up.
Progress:

--------------------------------------
Well                    Participants
--------------------------------------
NS377-3                 BPT     20.00%
Oil Development         BP*     50.00%
North Shadwan           TOE     30.00%
Egypt
-------------------------------------------------------
Weekly Progress & Summary              Primary Targets
-------------------------------------------------------
Report Time: 0600 hrs(CST)25/11/2009   Kareem Formation
Depth:       2872m  (1792m TVDSS) TD
Operation:   Production testing has been completed and
             the rig is being moved to the NS377-4
             exploration well location.
Progress:    0m

--------------------------------------
Well                    Participants
--------------------------------------
Dullingari-36DW1        BPT     20.21%
PPL 12                  STO*    66.60%
Gas Development         ORG     13.19%
C/E Basin, SA
-------------------------------------------------------
Weekly Progress & Summary             Primary Targets
-------------------------------------------------------
Report Time: 0600 hrs(CST)25/11/2009  Patchawarra Formation
Depth:       1586m
Operation:   A re-entry and deepening of an earlier
             oil producer; - drilling ahead in the
             Nappamerri Group.
Progress:    1586m
                                         
(s)   Secondary Targets
(*)   Operator
BPT   Beach Petroleum Ltd
ORG   Origin Energy Resources Ltd
BP    BP Exploration (Delta)
PTR   Petratherm Ltd
TRU   TRUenergy Pty Ltd
STO   Santos Limited
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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