Beach Energy Limited (ASX:BPT) Weekly Drilling Report For The Week Ending 9 June 2010
Adelaide, June 9, 2010 AEST (ABN Newswire) - Beach Energy Limited (
ASX:BPT) (PINK:BEPTF) announces weekly drilling report for the week ending 9 June 2010. Highlights of the week's activities include:
Cooper/Eromanga Oil Development - Santos (ASX:STO) Operated
The Genoa North-2 oil development well (Beach 30%) spudded on 3 June and is currently drilling ahead at a depth of 1811metres in the Basal Jurassic.
Non-operated Oil Appraisal, Williston Basin - U.S.A.
The Henderson 4-25H well spudded on 3 June, 2010 and is currently drilling ahead at 1932m. The well is in the South Antelope Prospect in the Williston Basin Bakken oil play, and is targeting potential oil reserves of approximately 450,000 barrels. Henderson 4-25H is to be drilled as a vertical well to approximately 3187m, where it will be deviated to drill a horizontal section through the primary target Three Forks Formation. Prognosed TD is 4872m MD [Beach (USA) Inc 23.15% contributing interest; 18.52% net revenue interest].
( * ) Operator
BPT Beach Energy Ltd
SEA Sundance Energy Inc (ASX:SEA)
STO Santos Limited
--------------------------------------Well Participants--------------------------------------Genoa North-2 BPT 30.00%PL 68 STO* 70.00%Oil DevelopmentC/E Basin, QLD----------------------------------------------------------------------------------------------Weekly Progress & Summary Primary Targets--------------------------------------------------------Report Time: 0600 hrs (CST) 09/06/2010 Birkhead Fm /Depth: 1811m Hutton Sst Operation: Drilling ahead in Basal Namur Sandstone Jurassic. Progress: 1811m-------------------------------------------------------------------------------------------------Well Participants-----------------------------------------Henderson 4-25H BPT 18.52%Section 25 McKenzie SEA 24.02%County, Nth Dakota, USA 8 others 57.46%Oil Appraisal--------------------------------------------------------------------------------------------------------Weekly Progress & Summary Primary Targets---------------------------------------------------------------Report Time: 0600 hrs (local) 08/06/2010 Three Forks FormationDepth: 1932m Bakken Formation (s)Operation: Drilling ahead in vertical section. Progress: 1932m---------------------------------------------------------------
For the complete Beach Energy Limited announcement including Well Location Map, please view the following link:
http://www.abnnewswire.net/media/en/docs/63052-ASX-BPT-178459.pdf
Contact
Hector Gordon
Chief Executive Officer
TEL: +61-8-8338-2833
FAX: +61-8-8338-2336
www.beachenergy.com.au
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