Asian Activities Report mentions Petratherm, Beach Energy, TRUenergy, Clark Oil and Gas, C @ Limited and Renaissance Uranium as well as the upcoming Investorium.tv Energy Webcast.
Petratherm (ASX:PTR) and its JV partners Beach Energy (ASX:BPT) and TRUenergy are delighted to advise that the fracture stimulation undertaken on the Paralana 2 well has been successfully completed.
Australian Market Report of October 18, 2010 includes: Marengo Mining (ASX:MGO) signed MOU with China NFC (SHE:000758) for copper-molybdenum-gold project In Papua New Guinea; Tap Oil Limited (ASX:TAP) commenced drilling at Manora-4 appraisal well in Thailand; Encounter Resources Limited (ASX:ENR) reported highest grade copper intersection to date in Western Australia; Petratherm Limited (ASX:PTR) is advancing its 8 MW Madrid Geothermal District Heating project in Spain.
Beach Energy Limited (ASX:BPT)(PINK:BEPTF) drilling report for the week ending 16 December, 2009 are attached. Highlights of the week's activities include: Paralana-2 (GEL 178) has been successfully cased and cemented to a depth of 3725 metres and the rig was released on 12 December.
Beach Petroleum Limited (ASX:BPT)(PINK:BEPTF) drilling report for the week ending 9 December. Highlights of the week's activities include: The running of the 7" casing string at Paralana-2 (GEL 178) has commenced. Well completion and rig release is expected to occur in mid to late December 2009.
Beach Petroleum Limited (ASX:BPT)(PINK:BEPTF) The drilling report for the week ending 2 December. Highlights of the week's activities include: NS377-4 (Teen) is scheduled to spud on 4 December. Operations at Paralana-2 have resumed after a week of waiting on roads to dry following heavy rainfalls in the basin.
Beach Petroleum Limited (ASX:BPT)(PINK:BEPTF) drilling report for the week ending 25 November. Highlights of the week's activities include: Production testing of NS377-3 (Beach 20%) Kareem Formation reservoir to provide data about fluid and reservoir properties has been completed. Logging information for Paralana-2 geothermal deep injector well (Beach, well Operator, earning 21%) has been acquired to 3,740m and is currently being evaluated.
Beach Petroleum Limited (ASX:BPT)(PINK:BEPTF) drilling report for the week ending 18 November, 2009 are attached. Highlights of the week's activities include: The upper 5.6 metres of the Namur Sandstone at Chiton-1 (PEL 91, Beach 40%) has been perforated and was flow-tested for an 80 minute period at an average rate of 2434 barrels oil and 226 barrels of water per day. The NS377-3 field development well (Beach 20%) has been cased and production testing to provide data about fluid and reservoir properties has been initiated. Evaluation of the Paralana-2 geothermal deep injector well (Beach, well Operator, earning 21%) has commenced.
Beach Petroleum Limited (ASX:BPT)(PINK:BEPTF) drilling report for the week ending 11 November. Highlights of the week's activities include: The NS377-3 field development well (Beach 20%) has been cased and the 145 metre gross vertical oil column intersected by the well is being perforated for future oil production. The Paralana-2 geothermal exploration well has reached target TD of 4012 metres and the formation evaluation program is being planned.
Petratherm Limited (ASX:PTR) is this week hosting a highlevel Chinese delegation working toward developing geothermal energy in China. The group, including the Vice Director of the China Institute of Geo-Environment Monitoring, the Chairman of the Geothermal China Energy Society and the Director of the Fujian Southern Institute of Geothermal and Mineral Spring, have been working with Petratherm through a cooperative agreement.
