Beach Energy Limited (ASX:BPT) Weekly Drilling Report Week ending 16 December 2009
Adelaide, Dec 16, 2009 AEST (ABN Newswire) - Beach Energy Limited (ASX:BPT)(PINK:BEPTF) drilling report for the week ending 16 December, 2009 are attached. Highlights of the week's activities include:
Arrowie Basin (South Australia) -
Paralana-2 Geothermal Exploration Well
Paralana-2 (GEL 178) has been successfully cased and cemented to a depth of 3725 metres and the rig was released on 12 December. The evaluation program for Paralana-2 is to continue early in 2010 to determine the static temperature and rock properties of the basal interval of the well (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)16/12/2009 Bolla Bollana FormationDepth: 4012m (TD)Operation: Well has been cased to depth of 3725 metres. Rig was released on 12 December.Progress: 0m--------------------------------------Well Participants--------------------------------------Burke-11 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)16/12/2009 Epsilon Formation,Depth: 2504m Patchawarra FormationOperation: Drilling ahead in the Patchawarra Formation.Progress: 1700m--------------------------------------Well Participants--------------------------------------Narcoonowie-8 BPT 20.21%PPL 114 STO* 66.60%Oil Development ORG 13.19%C/E Basin, SA-------------------------------------------------------Weekly Progress & Summary Primary Targets-------------------------------------------------------Report Time: 0600 hrs(CST)16/12/2009 Birkhead Formation,Depth: 942m Murta/McKinlayOperation: Drilling ahead in the Early Cretaceous.Progress: 942m--------------------------------------Well Participants--------------------------------------Tickalara-21 BPT 30.00%PL 34 STO* 70.00%Oil DevelopmentC/E Basin, QLD-------------------------------------------------------Weekly Progress & Summary Primary Targets-------------------------------------------------------Report Time: 0600 hrs(CST)16/12/2009 McKinlay Member,Depth: 1417m Namur SandstoneOperation: Drilling ahead in the Westbourne Formation.Progress: 1417m(s) Secondary Targets(*) OperatorBPT Beach Energy LtdORG Origin Energy Resources LtdTRU TRUenergy Pty LtdPTR Petratherm LtdSTO Santos Limited
Contact
Hector Gordon
Chief Operating Officer
TEL: +61-8-8338-2833
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