Brisbane, Aug 28, 2008 AEST (ABN Newswire) - Beach Petroleum Limited (ASX:BPT)(PINK:BEPTF) Announce the drilling report for the week ending 27 August, 2008 are attached. In areas operated by Santos, one well is in progress (Naccowlah West-22, Beach 38.50%) and one well has been plugged and abandoned (James-2, Beach 17.14%).
--------------------------------Well Participants--------------------------------Big Lake-89 BPT 20.21%PPL 11 STO* 66.60%Gas Development ORG 13.19%C/E Basin, SA --------------------------------Weekly Progress & Summary Primary Targets---------------------------------------------------------------Report Time: 0600 hrs (CST) 26/082008 Patchawarra FmDepth: 2359m (2257m TVD) Tirrawarra SstOperation: Changing drill bit prior to drilling ahead in Nappamerri Group. Progress: 1186m -----------------------------------------------------------------------------------------------Well Participants --------------------------------Naccowlah West-22 BPT 38.50%PL 25 STO* 55.50%Oil Development IOR 2.00% C/E Basin, Qld DLS 2.00% AGF 2.00%--------------------------------Weekly Progress & Summary Primary Targets----------------------------------------------------------------Report Time: 0600 hrs (CST) 26/08/2008 Hutton SstDepth: 1072m Operation: Drilling ahead in the Early Cretaceous.Progress: 1072m ------------------------------------------------------------------------------------------------Well Participants --------------------------------James-2 BPT 17.14% PPL 182 STO* 72.32% Oil Appraisal ORG 10.54% C/E Basin, SA -------------------------------- Weekly Progress & Summary Primary Targets---------------------------------------------------------------Report Time: 0600 hrs (CST) 26/08/2008 Tinchoo FmDepth: 2456m TD Operation: Well is plugged and abandoned. Progress: 0m -------------------------------------------------------------------------------------COAL SEAM GAS PROJECTS Location Pl 198 Coal Seam Develop't Surat Basin, QLD -----------------------------------------------------------------------Participants Well Depth Operation:0600hrs(EST) 27-08-08BPT 40% Tipton -140 554.9m Completing under reaming.AOE* 60% Tipton - 145 177.80m Drilling surface hole. -----------------------------------------------------------------------* Operator (s) Secondary Targets AOE Arrow Energy NL BPT Beach Petroleum Ltd DLS Drillsearch Energy N.L STO Santos Limited IOR Inland Oil (Prod) PTY LTD ORG Origin Energy Resources LTD AGF Australian Gas Fields LTD -----------------------------------------------------------------------
ENDS
Contact
Reg Nelson
Beach Petroleum
08 8338 2833
Mark Lindh
Adelaide Equity
0414 551 361
Ian Howarth
Farrington National
03 9223 2455
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