Beach Petroleum Limited (ASX:BPT) Weekly Drilling Report Week Ending 26 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)

Marino-1 (Beach 40%) spudded on 22 August and is currently drilling ahead in the Toolebuc Formation at a depth of 1003 metres. It is expected that the well will enter the primary reservoir objective Namur Sandstone early Thursday morning.

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

Basker-7 (Beach 30%) has been cased and suspended as a future Latrobe Group oil producer. The current operation is preparing to install a subsea well head. The Ocean Patriot semi-submersible rig will then be released to the T/38P Joint Venture for the drilling of Spikey Beach-1.

Beach Operated Bass Basin - Offshore Tasmania: Spikey Beach-1 (T/38P)

It is expected that the Ocean Patriot semi-submersible drilling rig will be assigned to Beach Petroleum for the drilling of the Spikey Beach-1 exploration well (Beach earning 80%) in T/38P, in the Bass Basin, offshore Tasmania, on or around the 30th August. Spikey Beach-1 will be addressing mean recoverable oil of 16 million barrels and a high side of 41 million barrels (recoverable) of oil in the Upper Eastern View Group.

Egypt - North Shadwan Concession - Gulf of Suez

The Comet Jack-up rig was assigned to the North Shadwan Joint Venture on 25 August and is moving to the NS394-3 oil exploration well location (Beach 20%) in the Gulf of Suez. Spud date will be dependent upon suitable weather for jack-up operations.

---------------------------------
Well               Participants
---------------------------------
Marino-1           BPT*    40.00%  
PEL 91             DLS     60.00%  
Oil Exploration
C/E Basin, SA
-------------------------------------------------------
Weekly Progress & Summary            Primary Targets
-------------------------------------------------------
Report Time: 0600 (CST)26/08/2009    Namur Sandstone
Depth:       1003m                   Birkhead Formation
Operation:   Drilling ahead in
             the Cretaceous.
Progress:    1003m

--------------------------------------
Well                    Participants
--------------------------------------
Paralana-2               BPT*   21.00%  
GEL 178                  PTR    69.00%  
Geothermal Exploration   TRU    10.00%  
Arrowie Basin, SA
-------------------------------------------------------
Weekly Progress & Summary              Primary Targets
-------------------------------------------------------
Report Time: 0600 hrs(CST) 26/08/2009  Upper Cannana
Depth:       1947m                     or Bolla Bollana
Operation:   Drilling ahead in
             the Brachina Formation.
Progress:    227m

-------------------------------------
Well                    Participants
-------------------------------------
NS-394-3                BPT   20.00%  
(Burtocal-Nth)          BP*   50.00%  
Oil Explorationl Well   TOE   30.00%  
N. Shadwan, Egypt
---------------------------------------------------------
Weekly Progress & Summary               Primary Targets
---------------------------------------------------------
Report Time: 0600hrs (Egypt)26/08/2009  Nubia Sandstone
Depth:       0m                         Matulla Sandstone
Operation:   Rig moving to location.
Progress:    0m

---------------------------------
Well               Participants
---------------------------------
Basker-7           BPT     30.00%  
Vic L26            ROC*    30.00%  
Development        CIE     20.00%
Gippsland Basin,   SJE     10.00%  
VIC                PTM     10.00%  
-------------------------------------------------------
Weekly Progress & Summary              Primary Targets
-------------------------------------------------------
Report Time: 600 hrs (AEST)26/08/2009  Latrobe Group
Depth:       3921m (TD)
Operation:   Well has been cased and
             suspended; preparing to
             install subsea wellhead.
Progress:    0m

---------------------------------
Well               Participants
---------------------------------
Charo-6            BPT     20.21%  
PPL 177            STO*    66.60%  
Oil Appraisal      ORG     13.19%  
C/E Basin, SA
-------------------------------------------------------
Weekly Progress & Summary               Primary Targets
-------------------------------------------------------
Report Time: 0600 hrs (CST)26/08/2009   Birkhead Formation
Depth:       1871m (TD)                 Hutton Sandstone
Operation:   Running wiper trip prior   Namur Sandstone
             to running wireline logs.
Progress:    1871m

---------------------------------
Well               Participants
---------------------------------
Wackett-16         BPT     23.20%  
PL 62              STO*    60.06%  
Gas Development    ORG     16.74%  
C/E Basin, QLD
----------------------------------------------------------
Weekly Progress & Summary              Primary Targets
----------------------------------------------------------
Report Time: 0600 hrs (CST)26/08/2009  Toolachee Formation
Depth:       1996m (TD)
Operation:   Pulling out of hole to
             run wireline logs.
Progress:    1996m

* 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 
BP     BP Exploration (Delta)
TOE    TriOcean Energy

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.

 

Related Companies

Santos Limited
        

Roc Oil Company Limited
         

Petratherm Ltd
            

Origin Energy Limited
            

Inpex Corporation
      

Cooper Energy Limited
         

Beach Energy Limited