Beach Petroleum Limited (ASX:BPT) Weekly Drilling Report Week Ending 16 September 2009
Beach Petroleum Limited (ASX:BPT) Weekly Drilling Report Week Ending 16 September 2009
Adelaide, Sep 17, 2009 AEST (ABN Newswire) - Beach Petroleum Limited (ASX:BPT)(PINK:BEPTF) drilling report for the week ending 16 September 2009, highlights of the week's activities include:

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

Spikey Beach-1 (Beach 80% in Spikey Beach Farmout Blocks) targeting oil in the Upper Eastern View Group reached final total depth of 2100m MDRT on 14 September. No significant hydrocarbon shows were encountered and the well is being Plugged and Abandoned. It is expected that the Ocean Patriot will be released on 19 September.

Egypt - North Shadwan Concession - Gulf of Suez

The NS 394-3 [Burtocal North] offshore oil exploration well (Beach 20%) is drilling ahead at a depth of 672 metres after spudding on 14 September. Its primary target is the Nubia Sandstone.

The NS377-3 oil development well (Beach 20%) is expected to spud on Saturday 19 September. This will be an extended reach production well to be drilled from an onshore location to intersect the offshore Kareem Formation oil pool at a location approximately 150 metres north of the GH377-1 discovery well.

Beach Petroleum Operated Cooper / Eromanga Exploration (PEL 218)

Wakefield-1 (Beach 23.33% in Post Permian JV), targeting oil in the Namur and Hutton Sandstones, spudded Thursday 10 September. Current operation is drilling ahead in the Cretaceous at a depth of 1467 metres. Beach is being free carried through the drilling of this well.
---------------------------------
Well               Participants
---------------------------------
Wakefield-1        BPT*    23.33%
PEL 218            ADE     10.00%
Oil Exploration    ICN***  33.33%
C/E Basin, SA      DEK***   5.02%
                   WEL***   5.02%
                   BUY**   23.28%
-------------------------------------------------------
Weekly Progress & Summary            Primary Targets
-------------------------------------------------------
Report Time: 0600(CST) 06/09/2009    Namur Sandstone
Depth:       1467m                   Hutton Sandstone
Operation:   Drilling ahead in
             the Cretaceous.
Progress:    1467m

---------------------------------
Well               Participants
---------------------------------
Spikey Beach-1     BPT     80.00%
T/38P              CUE     10.00%
Oil Exploration    EXO     10.00%
Bass Basin, Tas
-------------------------------------------------------
Weekly Progress & Summary              Primary Targets
-------------------------------------------------------
Report Time: 0600 hrs(CST) 16/09/2009  Upper Eastern View
Depth:       2100m(TD)                 Group
Operation:   Well is being plugged
             and abandoned.
Progress:    1284m

--------------------------------------
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) 16/09/2009    Upper Cannana
Depth:       2466m                       or Bolla Bollana
Operation:   Drilling ahead in 8.5" hole.
Progress:    213m

------------------------------------
Well                  Participants
------------------------------------
NS 394-3              BPT     20.00%
(Burtocal-Nth)        BP*     50.00%
Oil Exploration Well  TOE     30.00%
N. Shadwan, Egypt
--------------------------------------------------------
Weekly Progress & Summary                Primary Targets
--------------------------------------------------------
Report Time: 0600hrs(Egypt) 15/09/2009   Nubia Sandstone
Depth:       672m                        Matulla Sandstone
Operation:   Drilling ahead in 16" hole.
Progress:    672m

---------------------------------
Well               Participants
---------------------------------
NS 377-3           BPT     20.00%
Oil Development    BP*     50.00%
North Shadwan      TOE     30.00%
Egypt
--------------------------------------------------------
Weekly Progress & Summary                Primary Targets
--------------------------------------------------------
Report Time: 0600 hrs(local) 15/09/2009  Nubia Sandstone
Depth:
Operation:   Rigging up, expect to
             spud on 20 September.
Progress:

---------------------------------
Well               Participants
---------------------------------
Surlow-2           BPT     23.20%
PL 205             STO*    60.06%
Gas Development    ORG     16.74%
C/E Basin, QLD
-------------------------------------------------------
Weekly Progress & Summary              Primary Targets
-------------------------------------------------------
Report Time: 0600 hrs(CST) 16/09/2009  Patchawarra Formation
Depth:       31m                       Birkhead Formation(s)
Operation:   Drilling surface hole.
Progress:    31m

---------------------------------
Well               Participants
---------------------------------
Charo-7            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) 16/09/2009  Birkhead Formation
Depth:       1880m (TD)
Operation:   Well is cased and suspended as a future Birkhead
             Formation and Hutton Sandstone oil producer.
Progress:    0m

---------------------------------
Well               Participants
---------------------------------
Okotoko West-2     BPT     23.20%
PL 288 (ATP 259P)  STO*    60.06%
Gas Development    ORG     16.74%
C/E Basin, QLD
-------------------------------------------------------
Weekly Progress & Summary               Primary Targets
-------------------------------------------------------
Report Time: 0600 hrs(CST) 16/09/2009   Hutton Sandstone
Depth:       2465m (TD)                 Patchawarra Fm(s)
Operation:   Well is cased and suspended as a future Toolachee
             Formation and Patchawarra Formation gas producer.
Progress:    0m

* Operator
(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 (10%), Well Traced (5%) and Deka (5%) 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 Gordon
Chief Operating Officer
TEL: +61-8-8338-2833



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