Beach Petroleum Limited (ASX:BPT)(PINK:BEPTF) Weekly Drilling Report for Week Ending 9 July 2008Wednesday July 9 6:37 PMThe weekly drilling report for the week ending 9 July 2008 is attached. Highlights of the week's activities include: Cooper/Eromanga Oil In areas operated by Santos, one successful well was drilled (Narcoonowie-7, Beach 20.21%), and two wells are in progress (Deparanie-2, Beach 20.21% and Big Lake-88, Beach 20.21%).
Well Participants
Big Lake-88 BPT 20.21%
PPL 11 STO* 66.60%
Oil Development ORG 13.19%
C/E Basin, SA
Weekly Progress & Summary Primary Targets
Report Time: 0600 hrs (CST) 08/07/2008 Hutton
Depth: 1984m
Operation: Drilling ahead in the Hutton Sandstone.
Progress: 1434m
Narcoonowie-7 BPT 20.21%
PPL 25 STO* 66.60%
Oil Development ORG 13.19%
C/E Basin, SA
Report Time: 0600 hrs (CST) 08/07/2008 Basal Birkhead
Depth: 1678m (TD)
Operation: Well to be cased and suspended as a future oil producer.
Progress: 1678m
Deparanie-2 BPT 20.21%
PPL 174 STO* 66.60%
Oil Appraisal ORG 13.19%
C/E Basin, SA
Report Time: 0600 hrs (CST) 08/07/2008 Namur
Depth: 2512m (TD) Tirrawarra (s)
Operation: Running wireline logs.
Progress: 1073m
COAL SEAM GAS PROJECTS
Location Participants
Pl 198 BPT 40%
Coal Seam Develop't AOE* 60%
Surat Basin, QLD
Well Depth Operation: 0600hrs (EST) 9th July 2008
Tipton - 113 392.35m (TD) Well completed, rig moved to Tipton 38T.
Tipton -39T 553m Under reaming.
Tipton - 38T 389.25m Drilling production hole.
* Operator
(s) Secondary Targets
BPT Beach Petroleum Ltd
STO Santos Limited
ORG Origin Energy Resources Ltd
AOE Arrow Energy NL
About BEACH PETROLEUM LIMITED: Beach Petroleum (ASX: BPT.AX) is a long established oil and gas Exploration and Production Company. Based in Adelaide, South Australia, the Company has Oil and gas reserves of 90 million barrels of oil equivalent (at 30 June 2007), an Annual Oil Production in the 2006/07 Financial Year of 9.4 million barrels and an active drilling program within a well balanced portfolio of tenements. Contact: Reg Nelson Beach Petroleum TEL: +61-8-8338-2833 Source: BEACH PETROLEUM LIMITED Copyright (C) 2008 ABN Newswire. All rights reserved. |
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