
Beach Energy Limited (ASX:BPT) Weekly Drilling Report Week ending 17 February 2010
Adelaide, Feb 17, 2010 AEST (ABN Newswire) - Beach Energy Limited (
ASX:BPT) (
PINK:BEPTF) drilling report for the week ending 17 February.
Highlights of the week's activities include:
Egypt - North Shadwan Concession - Gulf of Suez
The NS377-5 oil field development well (Beach 20%) has reached a total depth of 2909m MD (-1767m TDV SS) after intersecting a gross oil column of 107m in the Kareem Formation. The well is being cased completed.
Cooper/Eromanga Basin Exploration and Development
Drilling Operations in the Cooper/Eromanga have been suspended following heavy rainfalls in the basin. Operations will resume as soon as the flood waters recede and roads in the basin again become accessible.
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Well Participants
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NS 377-5 BPT 20.00%
Oil Development BP* 50.00%
North Shadwan TOE 30.00%
Egypt
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Weekly Progress & Summary Primary Targets
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Report Time: 0600 hrs(local)16/02/2010 Kareem Formation
Depth: 2909m (TD)
Operation: Well is being cased and completed
as a future Kareem Formation oil producer.
Progress: 60m
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Well Participants
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Coonatie-16 BPT 17.14%
PPL131 STO* 72.32%
Gas Development ORG 10.54%
C/E Basin, SA
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Weekly Progress & Summary Primary Targets
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Report Time: 0600 hrs (CST) 17/02/2010 multi Permian targets
Depth: 1132m
Operation: Waiting on weather.
Progress: 0m
( * ) Operators
(s) Secondary Targets
BPT Beach Energy Ltd
ORG Origin Energy Resources Ltd
BP BP Exploration (Delta)
TOE TriOcean Energy
STO Santos Limited
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.
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