Beach Petroleum Limited (ASX:BPT) Weekly Drilling Report Week Ending 12 August 2009

Beach Petroleum Limited (ASX:BPT)(PINK:BEPTF) drilling report for the week ending 12 August, 2009. Highlights of the week's activities include:

Beach Petroleum Operated Cooper / Eromanga Exploration (PEL 91)

Chiton-1 is drilling ahead at a depth of 887 metres in the Allaru Mudstone. It is expected that the well will enter the primary reservoir objective Namur Sandstone within the next 24-48 hours. Participants in Chiton-1 are Beach Petroleum Ltd, 40% and Drillsearch Energy Ltd, 60%.

Browse Basin, Offshore Western Australia - Burnside 1ST1 Gas Exploration Well

Burnside-1ST1 (Beach 7.34%) is being plugged and abandoned as planned. The well encountered low permeability sandstone in the primary reservoir objective Brewster Sandstone which is interpreted to be gas-saturated. The implications of the result are still being assessed by the Joint Venture.

Basker - Manta - Gummy (BMG) Oil Field Development - Gippsland Basin

Basker-7 (Beach 30%) has reached total depth of 3921 metres. Analysis of petrophysical data is being undertaken in order to finalise the forward program for the well.

---------------------------------
Well               Participants
---------------------------------
Chiton-1           BPT*    40.00%  
PEL 91             DLS     60.00%  
Oil Exploration
C/E Basin, SA
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Weekly Progress & Summary            Primary Targets
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Report Time: 0800 (CST) 12/08/2009   Namur Sandstone
Depth:       887m                    Birkhead Formation
Operation:   Drilling ahead in       Poolowanna Fm (s)
             the Allaru Mudstone.
Progress:    231m                    Hutton Sandstone (s)

---------------------------------
Well               Participants
---------------------------------
Paralana-2         BPT*    21.00%  
GEL 178            PTR     69.00%  
Geothermal Expln   TRU     10.00%
Arrowie Basin, SA                       
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Weekly Progress & Summary              Primary Targets
-------------------------------------------------------
Report Time: 0600 hrs (CST)12/08/2009  Upper Cannana
Depth:       1427m                     or Bolla Bollana
Operation:   Drilling ahead in
             the Erudina Formation.
Progress:    311m    

---------------------------------
Well                Participants
---------------------------------
Burnside-1ST1       BPT     7.34%   
WA 281P (offshore)  STO*   47.83%  
Gas Exploration     IBL    20.00%  
Browse Basin, WA    CVX    24.83%  
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Weekly Progress & Summary              Primary Targets
-------------------------------------------------------
Report Time: 0500 hrs (WST)12/08/2009  Lower Cretaceous
Depth:       4182m (TD)
Operation:   Well is being plugged
             and abandonded.
Progress:    0m

---------------------------------
Well               Participants
---------------------------------
Basker-7           BPT     30.00%  
Vic L26            ROC*    30.00%  
Oil Development    CIE     20.00% 
Gippsland Basin,   SJE     10.00%  
VIC                PTM     10.00%
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Weekly Progress & Summary              Primary Targets
-------------------------------------------------------
Report Time: 600 hrs (AEST)12/08/2009  Latrobe Group
Depth:       3921m (TD)
Operation:   Pulling out of hole
             with MDT pressure tools.
Progress:    384m

---------------------------------
Well               Participants
---------------------------------
Charo-5            BPT     20.21%  
PPL 177            STO*    66.60%  
Oil Appraisal      ORG     13.19%  
C/E Basin, SA                           
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Weekly Progress & Summary              Primary Targets
------------------------------------------------------- 
Report Time: 0600 hrs (CST)12/08/2009  Birkhead Formation
Depth:       1870m (TD)                Hutton Sandstone
Operation:   Pulling out of hole       Namur Sandstone
             prior to running
             wireline logs
Progress:    1870m

---------------------------------
Well               Participants
---------------------------------
Wackett-14         BPT     23.20%  
PL 62              STO*    60.06%  
Gas Development    ORG     16.74%
C/E Basin, QLD
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Weekly Progress & Summary              Primary Targets
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Report Time: 0600 hrs (CST)12/08/2009  Toolachee Formation    
Depth:       1650m                       
Operation:   Drilling ahead in the
             Westbourne Formation.
Progress:    1650m


* Operator
(s)  Secondary Targets
BPT  Beach Petroleum Ltd
PTR  Petratherm Ltd
CIE  Cieco Exl & Prod 
COE  Cooper Energy
STO  Santos Limited
ROC  Roc Oil    
CVX  Chevron Australia Pty Ltd
TRU  TRUenergy Pty Ltd
SJE  Sojitz Energy     
ORG  Origin Energy Resources Ltd
IBL  INPEX Browse, Ltd.
PTM  Pertamina

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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