Beach Petroleum Limited (ASX:BPT) Weekly Drilling Report Week ending 9 September 2009
Adelaide, Sep 10, 2009 AEST (ABN Newswire) - Beach Petroleum Limited (ASX:BPT)(PINK:BEPTF) drilling report for the week ending 9 September, highlights of the week's activities include:
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 is expected to spud Thursday 10 September.
Beach Operated Bass Basin - Offshore Tasmania: Spikey Beach-1 (T/38P)
Spikey Beach-1 (Beach earning 80% in Spikey Beach Farmout Blocks) spudded on 5 September and is currently at a depth of 816 metres. Current operation is installing 13 3/8" casing.
Egypt - North Shadwan Concession - Gulf of Suez
The Comet drilling rig is being jacked up over the NS394-3 [Burtocal North] oil exploration well (Beach 20%) location. Drilling operations are expected to commence later today.
---------------------------------Well Participants---------------------------------Wakefield-1 BPT* 23.33%PEL 91 ADE 10.00%Oil Exploration ICN 33.33%C/E Basin, SA DEK 16.66% WEL 16.66%-------------------------------------------------------Weekly Progress & Summary Primary Targets-------------------------------------------------------Report Time: 0600 (CST)09/09/2009 Namur SandstoneDepth: 0m Hutton SandstoneOperation: Rigging up. Expect to spud on 10 September.Progress: 0m---------------------------------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)09/09/2009 Upper Eastern ViewDepth: 816m GroupOperation: Running 13 3/8" casing.Progress: 816m------------------------------------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)09/09/2009 Upper CannanaDepth: 2253m or Bolla BollanaOperation: Cementing 9 5/8" casingProgress: 153m----------------------------------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)08/09/2009 Nubia SandstoneDepth: 0m Matulla SandstoneOperation: Rigging up on location.Progress: 0m---------------------------------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)09/09/2009 Birkhead FormationDepth: 1880m (TD)Operation: Conducting wiper trip prior to running wireline logs.Progress: 1880m----------------------------------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)09/09/2009 Hutton SandstoneDepth: 2465m (TD) Patchawarra Fm (s)Operation: Pulling out of hole to run wireline logs.Progress: 2055m* Operator(s) Secondary TargetsBPT Beach Petroleum LtdICN Icon Energy LtdADE Adelaide Energy LtdORG Origin Energy Resources LtdBP BP Exploration (Delta)PTR Petratherm LtdCOE Cooper EnergySTO Santos LimitedCUE Cue Energy ResourcesTOE TriOcean EnergyDEK Deka Resources Pty LtdTRU TRUenergy Pty LtdEXO Exoil LtdWEL Well Traced Pty Ltd
Contact
Hector Gordon
Chief Operating Officer
TEL: +61-8-8338-2833
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