Beach Energy Limited (ASX:BPT) Weekly Drilling Report Week ending 17 February 2010
Adelaide, Feb 17, 2010 AEST (ABN Newswire) - Beach Energy Limited (
ASX:BPT) (PINK:BEPTF) drilling report for the week ending 17 February.
Highlights of the week's activities include:
Egypt - North Shadwan Concession - Gulf of Suez
The NS377-5 oil field development well (Beach 20%) has reached a total depth of 2909m MD (-1767m TDV SS) after intersecting a gross oil column of 107m in the Kareem Formation. The well is being cased completed.
Cooper/Eromanga Basin Exploration and Development
Drilling Operations in the Cooper/Eromanga have been suspended following heavy rainfalls in the basin. Operations will resume as soon as the flood waters recede and roads in the basin again become accessible.
--------------------------------------Well Participants--------------------------------------NS 377-5 BPT 20.00%Oil Development BP* 50.00%North Shadwan TOE 30.00%Egypt------------------------------------------------------Weekly Progress & Summary Primary Targets------------------------------------------------------Report Time: 0600 hrs(local)16/02/2010 Kareem FormationDepth: 2909m (TD)Operation: Well is being cased and completed as a future Kareem Formation oil producer.Progress: 60m--------------------------------------Well Participants--------------------------------------Coonatie-16 BPT 17.14%PPL131 STO* 72.32%Gas Development ORG 10.54%C/E Basin, SA------------------------------------------------------Weekly Progress & Summary Primary Targets------------------------------------------------------Report Time: 0600 hrs (CST) 17/02/2010 multi Permian targetsDepth: 1132mOperation: Waiting on weather.Progress: 0m( * ) Operators(s) Secondary TargetsBPT Beach Energy LtdORG Origin Energy Resources LtdBP BP Exploration (Delta)TOE TriOcean EnergySTO Santos Limited
Contact
Hector Gordon
Chief Operating Officer
TEL: +61-8-8338-2833
FAX: +61-8-8338-2336
www.beachenergy.com.au
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