Beach Energy Limited (ASX:BPT) Weekly Drilling Report Week Ending 24 February 2010
Adelaide, Feb 24, 2010 AEST (ABN Newswire) - Beach Energy Limited (
ASX:BPT) (PINK:BEPTF) drilling report for the week ending 24 February, 2010.
Highlights of the week's activities include:
Egypt - North Shadwan Concession - Gulf of Suez
The reservoir interval of the NS377-5 oil field development well (Beach 20%) has been perforated and an Electric Submersible Pump (ESP) is being installed.
Cooper/Eromanga Basin Exploration and Development
Drilling Operations in the Cooper/Eromanga remain suspended following the heavy rainfalls in the basin. Operations will resume as soon as roads in the basin 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)23/02/2010 Kareem FormationDepth: 2909m (TD)Operation: Reservoir interval has been perforated; completion operations continue.Progress: 0m--------------------------------------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)24/02/2010 multi Permian targetsDepth: 1132mOperation: Waiting on weather.Progress: 0m( * ) Operator(s) Secondary TargetsBPT Beach Energy LtdORG Origin Energy Resources LtdBP BP Exploration (Delta)
Contact
Hector Gordon
Chief Executive Officer
TEL: +61-8-8338-2833
FAX: +61-8-8338-2336
www.beachenergy.com.au
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