Beach Energy Limited Stock Market Press Releases and Company Profile
Halifax-1 Vertical Well Flowing Back Gas
Halifax-1 Vertical Well Flowing Back Gas

Adelaide, Feb 28, 2013 AEST (ABN Newswire) - Beach Energy Ltd (googlechartASX:BPT) advises that Halifax-1 well, located in ATP 855 (Beach 60% and operator, Icon Energy Ltd 40%), which commenced the constrained flow back of gas and stimulation fluid in early February 2013, is now flowing gas at 3.2 MMscfd through a 40/64" choke. The constrained rate is due to temperature restrictions on elements of the surface equipment. It is anticipated that the choke will be further opened as the ratio of gas to fluid in the well stream increases.

The well reached total depth at 4,267 metres, after which a 14 stage fracture stimulation program was completed throughout the whole of the gas saturated Permian target zone. Seven stages were completed in the deeper Patchawarra Formation, one in the Murteree Shale, two in the Epsilon Formation, two in the Roseneath Shale, one in the Daralingie Formation and one in the Toolachee Formation.

To View diagrams, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-BPT-723371.pdf

Contact

Beach Energy Limited
T: +61-8-8338-2833
F: +61-8-8338-2336
WWW: www.beachenergy.com.au



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