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Beach Petroleum Limited (ASX:BPT)(PINK:BEPTF) Weekly Drilling Report for Week Ending 9 July 2008

Wednesday July 9 6:37 PM

Brisbane, Australia, July 9, 2008 - (ABN Newswire) - Beach Petroleum Limited (ASX: BPT.AX)(PINK:BEPTF) Weekly Drilling Report for Week ending 9 July 2008

The 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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