Beach Petroleum Limited (ASX:BPT) Weekly Drilling Report Week ending 7 October 2009
Adelaide, Oct 7, 2009 AEST (ABN Newswire) - Beach Petroleum Limited (ASX:BPT)(PINK:BEPTF) drilling report for the week ending 7 October.
Highlights of the week's activities include:
Egypt - North Shadwan Concession - Gulf of Suez
The NS 394-3 [Burtocal North] oil exploration well (Beach 20%) is drilling ahead at a depth of 2725 metres towards the primary reservoir objective Nubia Formation.
The NS 377-3 production well (Beach 20%) is at a depth of 1198 metres. The current operation is preparing to install 13 3/8" casing. The well is an extended reach well being drilled from an onshore location to intersect the offshore Kareem Formation oil pool 150 metres north of the discovery well.
------------------------------------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) 7/10/2009 Upper CannanaDepth: 3029m or Bolla BollanaOperation: Drilling ahead.Progress: 178m-------------------------------Well Participants-------------------------------NS 394-3 BPT 20.00%(Burtocal North) BP* 50.00%Oil Exploration TOE 30.00%N. Shadwan, Egypt-------------------------------------------------------Weekly Progress & Summary Primary Targets-------------------------------------------------------Report Time: 0600hrs(local) 6/09/2009 Nubia SandstoneDepth: 2725m Matulla SandstoneOperation: Drilling ahead.Progress: 608m-------------------------------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) 6/10/2009 Kareem FormationDepth: 1198Operation: Wiper trip prior to casing.Progress: 1198m-------------------------------Well Participants-------------------------------Bobs Well-2 BPT 20.21%PPL 89 STO* 66.60%Gas Development ORG 13.19%C/E Basin, SA-------------------------------------------------------Weekly Progress & Summary Primary Targets-------------------------------------------------------Report Time: 0600 hrs(CST) 7/10/2009 Patchawarra FormationDepth: 2849mOperation: Drilling ahead in pre-Permian.Progress: 319m-------------------------------Well Participants-------------------------------Wareena-5 BPT 23.20%PL 114 (ATP 269P) STO* 60.06%Gas Development ORG 16.74%C/E Basin, QLD-------------------------------------------------------Weekly Progress & Summary Primary Targets-------------------------------------------------------Report Time: 0600 hrs(CST) 7/10/2009 Toolachee FormationDepth: 898m multiple (s)Operation: Drilling ahead in early Cretaceous.Progress: 898m-------------------------------Well Participants-------------------------------Moomba-183 BPT 20.21%PPL 8 STO* 66.60%Oil Development ORG 13.19%C/E Basin, SA-------------------------------------------------------Weekly Progress & Summary Primary Targets-------------------------------------------------------Report Time: 0600 hrs(CST) 7/10/2009 Hutton SandstoneDepth: 463m Namur SandstoneOperation: Preparing to drill ahead having drilled out surface casing.Progress: 463m(*) Operator(s) Secondary TargetsBPT Beach Petroleum LtdORG Origin Energy Resources LtdBP BP Exploration (Delta)PTR Petratherm LtdTRU TRUenergy Pty LtdSTO Santos LimitedTOE TriOcean Energy
Contact
Hector Gordon
Chief Operating Officer
TEL: +61-8-8338-2833
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