Beach Petroleum Limited (ASX:BPT) Weekly Drilling Report Week ending 14 October 2009
Adelaide, Oct 15, 2009 AEST (ABN Newswire) - Beach Petroleum Limited (ASX:BPT)(PINK:BEPTF) drilling report for the week ending 14 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 2923 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 drill ahead towards its extended reach target, having installed 13 3/8" casing.
--------------------------------------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) 14/10/2009 Upper CannanaDepth: 3190m or Bolla BollanaOperation: Drilling ahead.Progress: 161m---------------------------------Well Participants---------------------------------NS 394-3 BPT 20.00%(Burtocal-Nth) BP* 50.00%Oil Exploration TOE 30.00%N. Shadwan, Egypt---------------------------------------------------------Weekly Progress & Summary Primary Targets---------------------------------------------------------Report Time: 0600hrs(local) 13/09/2009 Nubia SandstoneDepth: 2923m Matulla SandstoneOperation: Drilling ahead.Progress: 198m---------------------------------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) 13/10/2009 Kareem FormationDepth: 1198Operation: Preparing to drill ahead.Progress: 0m---------------------------------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) 14/10/2009 Patchawarra FormationDepth: 2894m (TD)Operation: Well has been cased and suspended as a future Patchawarra Formation gas producer.Progress: 45m---------------------------------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) 14/10/2009 Toolachee FormationDepth: 1957m (TD) multiple (s)Operation: Well is being cased and suspended as a future Tooachee Formation gas producer.Progress: 1059m---------------------------------Well Participants---------------------------------Moomba-183 BPT 20.21%PPL 8 STO* 66.60%Oil Exploration ORG 13.19%C/E Basin, SA-------------------------------------------------------Weekly Progress & Summary Primary Targets-------------------------------------------------------Report Time: 0600 hrs(CST) 14/10/2009 Hutton SandstoneDepth: 2092m (TD) Namur SandstoneOperation: Well has been plugged and abandoned.Progress: 1629m (*) 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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