Beach Energy Limited (ASX:BPT) Weekly Drilling Report Week Ending 23 December 2009
Adelaide, Dec 23, 2009 AEST (ABN Newswire) - Beach Energy Limited (ASX:BPT) (PINK:BEPTF) drilling report for the week ending 23 December.
Highlights of the week's activities include:
Cooper Basin (South Australia/Queensland) - Oil Drilling
Oil development wells Narcoonowie-8 (Beach 20,21%) and Tickalara-21 (Beach 30%) were cased and suspended as successful oil wells during the week.
A Drill Stem Test conducted in Narcoonowie-8 over the Birkhead interval 1613 - 1620 metres yielded 50.4 barrels of clean oil and 2.4 barrels of drill mud in a 4 hour flow period.
.--------------------------------------Well Participants--------------------------------------Burke-11 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)23/12/2009 Epsilon Formation,Depth: 2581m (TD) Patchawarra FormationOperation: Well is cased and suspended as a future Toolachee, Daralingie and Patchawarra Formations gas producer.Progress: 77m--------------------------------------Well Participants--------------------------------------Narcoonowie-8 BPT 20.21%PPL 114 STO* 66.60%Oil Development ORG 13.19%C/E Basin, SA-------------------------------------------------------Weekly Progress & Summary Primary Targets-------------------------------------------------------Report Time: 0600 hrs(CST)23/12/2009 Birkhead Formation,Depth: 1684m (TD) Murta/McKinlayOperation: Well is cased and suspended as a future Birkhead Formation oil producer.Progress: 742m--------------------------------------Well Participants--------------------------------------Tickalara-21 BPT 30.00%PL 34 STO* 70.00%Oil DevelopmentC/E Basin, QLD-------------------------------------------------------Weekly Progress & Summary Primary Targets-------------------------------------------------------Report Time: 0600 hrs(CST)23/12/2009 McKinlay Member,Depth: 1446m (TD) Namur SandstoneOperation: Well is cased and suspended as future Murta Formation, McKinlay Member and Namur Sandstone oil producer.Progress: 29m--------------------------------------Well Participants--------------------------------------Tickalara-22 BPT 30.00%PL 34 STO* 70.00%Oil DevelopmentC/E Basin, QLD-------------------------------------------------------Weekly Progress & Summary Primary Targets-------------------------------------------------------Report Time: 0600 hrs(CST)23/12/2009 McKinlay Member,Depth: 153m Namur SandstoneOperation: Running surface casing.Progress: 153m(s) Secondary Targets(*) OperatorBPT Beach Energy LtdORG Origin Energy Resources LtdSTO Santos Limited
Contact
Hector Gordon
Chief Operating Officer
TEL: +61-8-8338-2833
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