Beach Petroleum Limited (ASX:BPT) Weekly Drilling Report Week ending 12 August 2009
Perth, Aug 14, 2009 AEST (ABN Newswire) - Beach Petroleum Limited (ASX:BPT)(PINK:BEPTF) drilling report for the week ending 12 August, 2009. Highlights of the week's activities include:
Beach Petroleum Operated Cooper / Eromanga Exploration (PEL 91)
Chiton-1 is drilling ahead at a depth of 887 metres in the Allaru Mudstone. It is expected that the well will enter the primary reservoir objective Namur Sandstone within the next 24-48 hours. Participants in Chiton-1 are Beach Petroleum Ltd, 40% and Drillsearch Energy Ltd, 60%.
Browse Basin, Offshore Western Australia - Burnside 1ST1 Gas Exploration Well
Burnside-1ST1 (Beach 7.34%) is being plugged and abandoned as planned. The well encountered low permeability sandstone in the primary reservoir objective Brewster Sandstone which is interpreted to be gas-saturated. The implications of the result are still being assessed by the Joint Venture.
Basker - Manta - Gummy (BMG) Oil Field Development - Gippsland Basin
Basker-7 (Beach 30%) has reached total depth of 3921 metres. Analysis of petrophysical data is being undertaken in order to finalise the forward program for the well.
---------------------------------Well Participants---------------------------------Chiton-1 BPT* 40.00% PEL 91 DLS 60.00% Oil ExplorationC/E Basin, SA-------------------------------------------------------Weekly Progress & Summary Primary Targets-------------------------------------------------------Report Time: 0800 (CST) 12/08/2009 Namur SandstoneDepth: 887m Birkhead FormationOperation: Drilling ahead in Poolowanna Fm (s) the Allaru Mudstone.Progress: 231m Hutton Sandstone (s)---------------------------------Well Participants---------------------------------Paralana-2 BPT* 21.00% GEL 178 PTR 69.00% Geothermal Expln TRU 10.00%Arrowie Basin, SA -------------------------------------------------------Weekly Progress & Summary Primary Targets-------------------------------------------------------Report Time: 0600 hrs (CST)12/08/2009 Upper CannanaDepth: 1427m or Bolla BollanaOperation: Drilling ahead in the Erudina Formation.Progress: 311m ---------------------------------Well Participants---------------------------------Burnside-1ST1 BPT 7.34% WA 281P (offshore) STO* 47.83% Gas Exploration IBL 20.00% Browse Basin, WA CVX 24.83% -------------------------------------------------------Weekly Progress & Summary Primary Targets-------------------------------------------------------Report Time: 0500 hrs (WST)12/08/2009 Lower CretaceousDepth: 4182m (TD)Operation: Well is being plugged and abandonded.Progress: 0m---------------------------------Well Participants---------------------------------Basker-7 BPT 30.00% Vic L26 ROC* 30.00% Oil Development CIE 20.00% Gippsland Basin, SJE 10.00% VIC PTM 10.00%-------------------------------------------------------Weekly Progress & Summary Primary Targets-------------------------------------------------------Report Time: 600 hrs (AEST)12/08/2009 Latrobe GroupDepth: 3921m (TD)Operation: Pulling out of hole with MDT pressure tools.Progress: 384m---------------------------------Well Participants---------------------------------Charo-5 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)12/08/2009 Birkhead FormationDepth: 1870m (TD) Hutton SandstoneOperation: Pulling out of hole Namur Sandstone prior to running wireline logsProgress: 1870m---------------------------------Well Participants---------------------------------Wackett-14 BPT 23.20% PL 62 STO* 60.06% Gas Development ORG 16.74%C/E Basin, QLD-------------------------------------------------------Weekly Progress & Summary Primary Targets-------------------------------------------------------Report Time: 0600 hrs (CST)12/08/2009 Toolachee Formation Depth: 1650m Operation: Drilling ahead in the Westbourne Formation.Progress: 1650m* Operator(s) Secondary TargetsBPT Beach Petroleum LtdPTR Petratherm LtdCIE Cieco Exl & Prod COE Cooper EnergySTO Santos LimitedROC Roc Oil CVX Chevron Australia Pty LtdTRU TRUenergy Pty LtdSJE Sojitz Energy ORG Origin Energy Resources LtdIBL INPEX Browse, Ltd.PTM Pertamina
Contact
Hector Gordon
Chief Operating Officer
TEL: +61-8-8338-2833
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