Beach Petroleum Limited (ASX:BPT) Weekly Drilling Report Week ending 2 December 2009
Adelaide, Dec 3, 2009 AEST (ABN Newswire) - Beach Petroleum Limited (ASX:BPT)(PINK:BEPTF) The drilling report for the week ending 2 December. Highlights of the week's activities include:
Egypt - North Shadwan Concession - Gulf of Suez
NS377-4 (Teen) is scheduled to spud on 4 December. As information that will be obtained through the drilling of Teen is considered commercially sensitive, the Joint Venture will not be releasing further information on the well. Beach has a 20 percent interest in the well and the concession.
Arrowie Basin (South Australia) - Paralana-2 Geothermal Exploration Well
Operations at Paralana-2 have resumed after a week of waiting on roads to dry following heavy rainfalls in the basin. The well bore is being conditioned prior to continuing with the evaluation program (Beach, well Operator, earning 21%).
--------------------------------------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)2/12/2009 Upper CannanaDepth: 4012m (TD) or Bolla BollanaOperation: Conditioning hole prior to continuing with evaluation program.Progress: 0m--------------------------------------Well Participants--------------------------------------NS377-4 (TEEN) BPT 20.00%Oil Development BP* 50.00%North Shadwan TOE 30.00%Egypt-------------------------------------------------------Weekly Progress & Summary Primary Targets-------------------------------------------------------Report Time: 0600 hrs(local)1/12/2009 Kareem FormationDepth:Operation: Rig move and rigging up.Progress:--------------------------------------Well Participants--------------------------------------Dullingari-36DW1 BPT 20.21%PPL 12 STO* 66.60%Gas Development ORG 13.19%C/E Basin, SA-------------------------------------------------------Weekly Progress & Summary Primary Targets-------------------------------------------------------Report Time: 0600 hrs(CST)2/12/2009 Patchawarra FormationDepth: 2607m (TD)Operation: Well is being cased and suspended as a future Patchawarra Formation gas producer.Progress: 1021m (*) OperatorBPT 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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