Beach Energy Limited Stock Market Press Releases and Company Profile
Beach Energy (ASX:BPT)
Beach Energy (ASX:BPT)

Brisbane, Jan 7, 2010 AEST (ABN Newswire) - Beach Energy Limited (googlechartASX:BPT) advise the weekly drilling report for the week ending 6 January 2010.

Highlights of the week's activities include Egypt - North Shadwan Concession - Gulf of Suez

The Nafta-1 rig has been moved to the NS 377-5 oil development well drill location (Beach 20%).

NS 377-5 is designed to access oil in the Kareem Formation updip and to the north of the recently drilled and successful NS 377-3 oil development well.

As with the NS377-3 well, NS 377-5 will be a high angle, deviated well, drilled from an onshore location. The well is expected to spud early next week.
--------------------------------------Well                    Participants--------------------------------------NS 377-5                BPT     20.00%Oil Development         BP*     50.00%North Shadwan           TOE     30.00%Egypt----------------------------------------------------Weekly Progress & Summary           Primary Targets----------------------------------------------------Report Time: 0600 hrs (local)             5/01/2010              Kareem FormationDepth:       0mOperation:   Rigging up in preparation for drilling.Progress:    0m --------------------------------------Well                    Participants--------------------------------------Mettika-6               BPT     20.21%PPL 58                  STO*    66.60%Gas Development         ORG     13.19% C/E Basin, SA-------------------------------------------------------Weekly Progress & Summary            Primary Targets-------------------------------------------------------Report Time: 0600 hrs (CST)             6/01/2010              Patchawarra FormationDepth:       2579m (TD)Operation:   Well is being cased and             suspended as a future             Patchawarra Formation gas producer.Progress:    2579m--------------------------------------Well                    Participants--------------------------------------Narcoonowie-9           BPT     20.21%PPL 25                  STO*    66.60%Oil Development         ORG     13.19%C/E Basin, SA-------------------------------------------------------Weekly Progress & Summary            Primary Targets-------------------------------------------------------Report Time: 0600 hrs (CST)              6/01/2010              Birkhead FormationDepth:       1718m (TD)             Hutton SandstoneOperation:   Rig has been released             after running casing.Progress:    1718m--------------------------------------Well                    Participants--------------------------------------Tickalara-22            BPT     30.00%PL 34                   STO*    70.00%Oil DevelopmentC/E Basin, QLD-------------------------------------------------------Weekly Progress & Summary           Primary Targets-------------------------------------------------------Report Time: 0600 hrs (CST)             6/01/2010              McKinlay MemberDepth:       1346m (TD)             Namur SandstoneOperation:   Well is cased and suspended             as a future McKinlay             Member oil producer.Progress:    1193m--------------------------------------Well                    Participants--------------------------------------Tickalara-23            BPT     30.00%PL 34                   STO*    70.00%Oil DevelopmentC/E Basin, QLD-------------------------------------------------------Weekly Progress & Summary              Primary Targets-------------------------------------------------------Report Time: 0600 hrs (CST)              6/01/2010              McKinlay MemberDepth:       1650m (TD)             Namur SandstoneOperation:   Well is being cased and             suspended as a future McKinlay             Member and Namur Sandstone oil producer.Progress:    1650m                   
s Secondary Targets
* Operator
(googlechartASX:BPT) Beach Energy Ltd
(googlechartLON:BP) BP Exploration (Delta)
(googlechartASX:STO) Santos Limited
(googlechartASX:ORG) Origin Energy Resources Ltd
TOE TriOcean Energy

Contact

Hector Gordon
Chief Operating Officer
TEL: +61-8-8338-2833


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