Beach Petroleum Limited (ASX:BPT)(PINK:BEPTF) drilling report for the week ending 30 September. Highlights of the week's activities include:
Egypt - North Shadwan Concession - Gulf of Suez
The NS 394-3 [Burtocal North] oil exploration well (Beach 20%) is drilling ahead at a depth of 2117 metres in the South Gharib Formation. The primary reservoir target is the Nubia Formation.
The NS 377-3 oil field production well (Beach 20%) is in the final stages of a pre-operational rig audit. The rig is on location and the conductor pipe has been installed. The well is to be an extended reach well drilled from an onshore location to intersect the offshore Kareem Formation oil pool 150 metres north of the discovery well.
Beach Petroleum Operated Cooper / Eromanga Exploration (PEL 218)
Wakefield-1 (Beach 23.33% in Post Permian JV), has been cased and suspended pending further evaluation to establish whether commercial hydrocarbons have been intersected by the well. The Ensign 30 rig was released on 26 September, marking the end of a successful, nine well exploration campaign in the Eromanga Basin, operated by Beach Petroleum.
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Well Participants
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Wakefield-1 BPT* 23.33%
PEL 218 ADE 10.00%
Oil Exploration ICN*** 33.33%
Eromanga Basin, SA DEK*** 5.02%
WEL*** 5.02%
BUY** 23.28%
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Weekly Progress & Summary Primary Targets
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Report Time: 0600 (CST) 30/09/2009 Namur Sandstone
Depth: 2298m (TD) Hutton Sandstone
Operation: Well has been cased and
suspended pending
further evaluation.
Progress: 0m
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Well Participants
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Paralana-2 BPT* 21.00%
GEL 178 PTR 69.00%
Geothermal Exploration TRU 10.00%
Arrowie Basin, SA
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Weekly Progress & Summary Primary Targets
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Report Time: 0600 hrs(CST) 30/09/2009 Upper Cannana
Depth: 2851m or Bolla Bollana
Operation: Drilling ahead.
Progress: 74m
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Well Participants
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NS 394-3 BPT 20.00%
(Burtocal-Nth) BP* 50.00%
Oil Exploration Well TOE 30.00%
N. Shadwan, Egypt
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Weekly Progress & Summary Primary Targets
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Report Time: 0600hrs(local) 29/09/2009 Nubia Sandstone
Depth: 2117m Matulla Sandstone
Operation: Drilling ahead in South
Gharib Formation.
Progress: 802m
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Well Participants
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NS 377-3 BPT 20.00%
Oil Development BP* 50.00%
North Shadwan TOE 30.00%
Egypt
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Weekly Progress & Summary Primary Targets
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Report Time: 0600 hrs(local) 29/09/2009 Kareem Formation
Depth:
Operation: Conducting rig audit.
Progress: 0m
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Well Participants
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Surlow-2 BPT 23.20%
PL 205 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)30/09/2009 Patchawarra Formation
Depth: 2418m (TD) Birkhead Formation (s)
Operation: Cased and suspended as a
future Patchawarra
Formation gas producer.
Progress: 395m
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Well Participants
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Bobs Well-2 BPT 20.21%
PPL 89 STO* 66.60%
Gas Development ORG 13.19%
C/E Basin, SA
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Weekly Progress & Summary Primary Targets
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Report Time: 0600 hrs(CST) 30/09/2009 Patchawarra Formation
Depth: 2530m
Operation: Running in hole with
coring assembly.
Progress: 1714m
(s) Secondary Targets
ORG Origin Energy Resources Ltd
BPT Beach Petroleum Ltd
ICN Icon Energy Ltd
ADE Adelaide Energy Ltd
ORG Origin Energy Resources Ltd
BP BP Exploration (Delta)
PTR Petratherm Ltd
BUY Bounty Oil & Gas NL
STO Santos Limited
COE Cooper Energy
TOE TriOcean Energy
CUE Cue Energy Resources
TRU TRUenergy Pty Ltd
DEK Deka Resources Pty Ltd
WEL Well Traced Pty Ltd
EXO Exoil Ltd
** Bounty Oil & Gas NL earning 23.28% interest in Post Permian strata in PEL 218 through Deka and Well Traced upon completion of drilling of Wakefield-1 and execution of assignment documentation.*** Icon, Well Traced and Deka earning additional interests in Post Permian strata in PEL 218 through Beach upon completion of drilling of Wakefield-1 and execution of assignment documentation. Participation interests shown are final interests that will be earned (include Deka and Well Traced farmouts to Bounty).
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.
Contact
Hector GordonChief Operating Officer
TEL: +61-8-8338-2833
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