Beach Energy Limited (ASX:BPT) Resumes Drilling Operations In The Cooper Basin
Adelaide, May 19, 2010 AEST (ABN Newswire) - Beach Energy Limited (
ASX:BPT) (PINK:BEPTF) is pleased to report that the Santos operated Genoa-3 well spudded on 18 May 2010.
This well represents the resumption of drilling in the Cooper Basin after an extended period of disruption due to widespread inland flooding. With flood waters now receding from eastern parts of the Cooper Basin, Beach expects that drilling operations will gradually return to normal over the next few weeks and that all three of the Santos contracted rigs in the Basin will be back in operation prior to the end of June.
Genoa-3 (Beach 30%), is being drilled as an oil development well within Queensland permit PL 68.
--------------------------------------Well Participants--------------------------------------Genoa-3 BPT 30.00%ATP 259P (Total 66) STO* 70.00%Oil DevelopmentC/E Basin, QLD-----------------------------------------------------------------------------------------------------Weekly Progress & Summary Primary Targets---------------------------------------------------------------Report Time: 0600 hrs 19/05/2010(CST) Basal Birkhead FormationDepth: 264m Hutton SandstoneOperation: Well spudded on 18 May. Namur Sandstone (s) Current operation is preparing to run surface casing.Progress: 0m---------------------------------------------------------------
( * ) Operator
(s) Secondary Targets
BPT Beach Energy Ltd (ASX:BPT)
STO Santos Limited (ASX:STO)
Contact
Hector Gordon
Chief Executive Officer
TEL: +61-8-8338-2833
FAX: +61-8-8338-2336
www.beachenergy.com.au
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