Adelaide, Nov 6, 2008 AEST (ABN Newswire) - Beach Petroleum Limited (ASX:BPT)(PINK:BEPTF) announce the drilling report for the week ending ending 5 November 2008
The drilling report and well location map for the week ending 5 November, 2008 are attached. Highlights of the week's activities include:
Cooper/Eromanga Oil
In areas operated by Santos, two wells were successful (Tickalara-20, Beach 30.00% and Jackson South-16, Beach 38.50%).
Beach Petroleum Operated Cooper / Eromanga Exploration
Brownlow-1 (PEL 106FI, Beach 50.00%) is to be cased and suspended as a future gas / condensate producer with wireline logs showing a well developed, 7 metre gas saturated Middle Patchawarra Formation sand. Pressure data indicates a column height of approximately 30 metres, a significant result. The sand quality is similar to highly productive sands in nearby wells Middleton-1 and Raven-1, with testing deemed unnecessary. A separate basal Patchawarra sand was tested, but proved to be of poor quality.
Following the completion of Brownlow-1, the Ensign 30 rig will be moved to Canunda-1, (PEL 106FI, Beach 50.00%), 11.5 km to the north of the Brownlow-1 location. Canunda-1 will be targeting liquids rich Patchawarra Formation gas within a fault dependant closure on the western margin of the highly productive Patchawarra Trough.
Bass Basin - Offshore Tasmania: PeeJay-1 (T/39P)
Repairs to the West Triton jack-up rig are progressing well, with the rig expected to be back on the PeeJay-1 location by mid November.----------------------------Well Participants----------------------------PeeJay-1 BPT* 50.00%T/39P BEN 50.00%Oil ExplorationBass Basin, Tas.---------------------------------------------------------------Weekly Progress & Summary Primary Targets---------------------------------------------------------------Report Time: 0600 (AEST) 05/11/2008 Upper Eastern Depth: 0m View GroupOperation: Rig repairs. Progress: 0m ----------------------------Well Participants---------------------------- Brownlow-1 BPT* 50.00% PEL106 (Farmin Block) DLS 50.00% Gas Exploration C/E Basin, SA DST-1 in the Patchawarre (2722.0m-2721.5m) reversed out 8.4 bbls of gasified water cushsion.---------------------------------------------------------------Weekly Progress & Summary Primary Targets---------------------------------------------------------------Report Time: 0600 (CST) 05/11/2008 Patchawarra FmDepth: 2785m (TD) Operation: Well to be cased and suspended as a future Patchawarra Formation gas producer.Progress: 265m ----------------------------Well Participants---------------------------- Yawa-2 BPT 23.20% PL 111 STO* 60.06% Gas Development ORG 16.74% C/E Basin, QLD ---------------------------------------------------------------Weekly Progress & Summary Primary Targets---------------------------------------------------------------Report Time: 0600 hrs (CST) 05/11/2008 Patchawarra FmDepth: 2625m (TD) Operation: Well has been cased and suspended as a future Patchawarra gas producer. Progress: 0m ----------------------------Well Participants---------------------------- Big Lake-91 BPT 20.21% PPL11 STO* 66.60% Gas Development ORG 13.19% C/E Basin, SA ---------------------------------------------------------------Weekly Progress & Summary Primary Targets---------------------------------------------------------------Report Time: 0600 hrs (CST) 05/11/2008 Patchawarra FmDepth: 3115m [3013m TVD] (TD) Tirrawarra Sst (s)Operation: Well is to be cased as a future gas producer.Progress: 664m ----------------------------Well Participants---------------------------- Tickalara-20 BPT 30.00% PL 34 STO* 70.00% Oil Appraisal C/E Basin, Qld ---------------------------------------------------------------Weekly Progress & Summary Primary Targets---------------------------------------------------------------Report Time: 0600 hrs (CST) 05/11/2008 McKinlay MemDepth: 1422m (TD) Other Jurassic(S)Operation: Well has been cased and suspended as a future McKinlay Member oil producer. Progress: 0m ----------------------------Well Participants---------------------------- Jackson South-16BPT 38.50% PL 24 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) 05/11/2008 Westboure FmDepth: 1594m (TD) mid Birkhead Fm Operation: Well has been cased and suspended as a future Birkhead Hutton Sst Formation and Hutton Sandstone oil producer.Progress: 298m --------------------------------COAL SEAM GAS PROJECTS Location Participants--------------------------------Location Participants Pl 198 BPT 40% Coal Seam Develop't AOE* 60% Surat Basin, QLD --------------------------------------------------------------------Well Depth Operation: 0600hrs (EST) 05th November 2008 --------------------------------------------------------------------Tipton-138 523.66m Completed well and moving to Tipton 139 Tipton-139 311.0m Drilling ahead in main hole. * Operator (s) Secondary Targets ASX:BPT Beach Petroleum Ltd ASX:STO Santos Limited ASX:AOE Arrow Energy NL ASX:ORG Origin Energy Resources LTDASX:AGF Australian Gas Fields LTD ASX:BEN Benaris Petroleum N.VASX:DLS Drillsearch Energy ASX:IOR Inland Oil Resources
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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