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Beach Petroleum Limited (ASX:BPT) Weekly Drilling Report Week ending 28 October 2009
Wednesday October 28, 04:54 PM
Adelaide, Australia, Oct 28, 2009 - (ABN Newswire) - Beach Petroleum Limited (ASX:BPT)(PINK:BEPTF) drilling report for the week ending 28 October.
Highlights of the week's activities include:
Egypt - North Shadwan Concession - Gulf of Suez
The NS 394-3 [Burtocal North-1] oil exploration well (Beach 20%) is at a depth of 3224 metres.
The current operation is tripping out of hole to change bit prior to drilling ahead towards reservoir target Nubia Formation.
The NS 377-3 development well (Beach 20%) is at a depth of 2292 metres. The current operation is preparing to drill ahead towards extended reach target having set 9.625" casing.
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Well Participants
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Paralana-2 BPT* 21.00%
GEL 178 PTR 69.00%
Geothermal Exploration TRU 10.00%
Arrowie Basin, SA
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Weekly Progress & Summary Primary Targets
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Report Time: 0600 hrs(CST) 28/10/2009 Upper Cannana
Depth: 3822m or Bolla Bollana
Operation: Drilling ahead in Skilogalee
Formation.
Progress: 271m
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Well Participants
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NS 394-3 BPT 20.00%
(Burtocal North-1) BP* 50.00%
Oil Exploration Well TOE 30.00%
N. Shadwan, Egypt
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Weekly Progress & Summary Primary Targets
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Report Time: 0600hrs(local) 27/10/2009 Nubia Sandstone
Depth: 3224m
Operation: Bit change prior to drilling ahead.
Progress: 226m
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Well Participants
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NS 377-3 BPT 20.00%
Oil Development BP* 50.00%
North Shadwan TOE 30.00%
Egypt
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Weekly Progress & Summary Primary Targets
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Report Time: 0600 hrs(local) 27/10/2009 Kareem Formation
Depth: 2292m
Operation: 9.625" casing installed;
preparing to drill ahead.
Progress: 1053m
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Well Participants
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Daralingie-27 BPT 20.21%
PPL 10 STO* 66.60%
Gas Development ORG 13.19%
C/E Basin, SA
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Weekly Progress & Summary Primary Targets
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Report Time: 0600 hrs(CST) 28/10/2009 Patchawarra Formation
Depth: 2294m (TD)
Operation: Well is to be cased and suspended as a future
Patchawarra Formation gas producer.
Progress: 1538m
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Well Participants
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Kercummurra-2 BPT 28.80%
ATP 259P STO* 61.20%
Oil Appraisal ORG 10.00%
C/E Basin, QLD
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Weekly Progress & Summary Primary Targets
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Report Time: 0600 hrs(CST) 28/10/2009 Hutton Sandstone,
Depth: 1535m (TD) Murta Formation
Operation: Completing logging program.
Progress: 1344m
(s) Secondary Targets
(*) Operator
BPT Beach Petroleum Ltd
ORG Origin Energy Resources Ltd
BP BP Exploration (Delta)
PTR Petratherm Ltd
TRU TRUenergy Pty Ltd
STO Santos Limited
TOE TriOcean Energy
About Beach Petroleum Limited:
Beach Petroleum (ASX: BPT) is a long established oil and gas Exploration and Production Company. Based in Adelaide, South Australia, the Company has oil and gas reserves of 66 million barrels of oil equivalent (at 30 June 2009), an annual production in the 2008/09 Financial Year of 9.6 million barrels of oil equivalent and an active exploration program within a balanced global portfolio of tenements.
Contact:
Hector Gordon Chief Operating Officer TEL: +61-8-8338-2833
Source:
Beach Petroleum Limited
Copyright (C) 2009 ABN Newswire. All rights reserved.
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