For Immediate Release - 3 September 2014
Ref. #064/14
ASX Ltd/SGX Singapore Exchange Ltd Companies Announcement Office Electronic Lodgement System
HIGHLIGHTS
August 2014 Cullen-1 (Bonaparte Basin, Northern Territory) was cased and suspended at 3325 metres for future testing after intersecting 1000 metres of limestone and interbedded shale with evidence of natural fractures and elevated mud gas readings. In addition 1600 metres of dark grey to black marine shale were intersected with two cores cut for evaluation purposes including gas desorption analyses.
Balgowan-1 exploration well was cased and suspended after intersecting an oil bearing reservoir, with 3.5 metres of net pay in the Namur Sandstone and two metres in the McKinlay Member. This discovery confirms the extension of the oil fairway to the north east of recent discoveries in PEL 91 and brings a new focus on a number of other prospects in this northern area of the permit.
Burners-1 exploration well intersected an oil bearing reservoir with one metre net pay in the
Namur Sandstone and an oil bearing McKinlay Member. A drill stem test over the interval
1410.8 metres to 1418.0 metres in the McKinlay Member recovered 5.1 bbls of oil during the four hour test.
Well | Participants | Progress & Summary | Primary Targets |
Burners-1 | BPT* 40.00% DLS 60.00% | Report Tim e: 0600 hrs (CST) 01/09/2014 Depth: 2031m (TD) Operation: Well is cas ed and s us pended as a future McKinlay Mem ber oil producer. Progres s : 2031m | Nam ur Sands tone, McKinlay Mem ber, Birkhead Form ation, Poolowanna Form ation. |
PEL 91 Oil Exploration Cooper, SA | BPT* 40.00% DLS 60.00% | Report Tim e: 0600 hrs (CST) 01/09/2014 Depth: 2031m (TD) Operation: Well is cas ed and s us pended as a future McKinlay Mem ber oil producer. Progres s : 2031m | Nam ur Sands tone, McKinlay Mem ber, Birkhead Form ation, Poolowanna Form ation. |
Balgowan-1 | BPT* 40.00% DLS 60.00% | Report Tim e: 0600 hrs (CST) 01/09/2014 Depth: 2019.5m (TD) Operation: Well is cas ed and s us pended as a future Nam ur Sands tone and McKinlay Mem ber oil producer. Progres s : 2019.5m | Nam ur Sands tone, McKinlay Mem ber, Birkhead Form ation, Poolowanna Form ation. |
PEL 91 Oil Exploration Cooper, SA | BPT* 40.00% DLS 60.00% | Report Tim e: 0600 hrs (CST) 01/09/2014 Depth: 2019.5m (TD) Operation: Well is cas ed and s us pended as a future Nam ur Sands tone and McKinlay Mem ber oil producer. Progres s : 2019.5m | Nam ur Sands tone, McKinlay Mem ber, Birkhead Form ation, Poolowanna Form ation. |
Monthly Drilling Report- August 2014 BEACH
ENERGY
Well Participants Progress & Summary Primary Targets
Cullen-1 | BPT' 50.00% TOAG 50.00% | Report Time: 0600 hrs (WSl) 01.{)912014 Depth: 3325m (TD) Operation: Well is cased and suspended forfurther evaluation. Progress: 134m | Bonaparte Form ation, Mlligans Form ation. |
EP 126 Unconventional and Conventional Gas Bonaparte, NT | BPT' 50.00% TOAG 50.00% | Report Time: 0600 hrs (WSl) 01.{)912014 Depth: 3325m (TD) Operation: Well is cased and suspended forfurther evaluation. Progress: 134m | Bonaparte Form ation, Mlligans Form ation. |
Martlet-1 | BPT 40.00% SXY' 60.00% | Report Time: 0600 hrs (CSl) 01.{)912014 Depth: 1154m Operation: Drilling ahead. Progress: 1154m | Namur Sandstone, Birkhead Form ation. |
PEL 104 Oil Exploration Cooper,SA | BPT 40.00% SXY' 60.00% | Report Time: 0600 hrs (CSl) 01.{)912014 Depth: 1154m Operation: Drilling ahead. Progress: 1154m | Namur Sandstone, Birkhead Form ation. |
Warthog-1 | BPT 40.00% SXY' 60.00% | Report Time: 0600 hrs (CSl) 01.{)912014 Depth: 1887m (TD) Operation: Well is plugged and abandoned. Progress: 1887m | Birkhead Form ation. |
PEL 111 Oil Exploration Cooper,SA | BPT 40.00% SXY' 60.00% | Report Time: 0600 hrs (CSl) 01.{)912014 Depth: 1887m (TD) Operation: Well is plugged and abandoned. Progress: 1887m | Birkhead Form ation. |
Gooranie East-1 | BPT 20.21% STO' 66.60% ORG 13.19% | Report Time: 0600 hrs (CSl) 01.{)912014 Depth: 3139m (TD) Operation: Well is cased and suspended as a future Permian gas producer. Progress: 3139m | Patchawarra Formation, Tirrawarra Form ation. |
PPL 20 Gas Development CIE Ba sin,SA | BPT 20.21% STO' 66.60% ORG 13.19% | Report Time: 0600 hrs (CSl) 01.{)912014 Depth: 3139m (TD) Operation: Well is cased and suspended as a future Permian gas producer. Progress: 3139m | Patchawarra Formation, Tirrawarra Form ation. |
Durham Downs-7 | BPT 23.20% STO' 66.06% ORG 16.50% APL 0.24% | Report Time: 0600 hrs (CSl) 01.{)912014 Depth: 274m Operation: Drilling ahead. Progress: 274m | Toolachee Form ation, Patchawarra Formation. |
PL 80 Gas Development CIE Ba sin,QLD | BPT 23.20% STO' 66.06% ORG 16.50% APL 0.24% | Report Time: 0600 hrs (CSl) 01.{)912014 Depth: 274m Operation: Drilling ahead. Progress: 274m | Toolachee Form ation, Patchawarra Formation. |
Durham Downs | BPT 23.20% STO' 66.06% ORG 16.50% APL 0.24% | Report Time: 0600 hrs (CSl) 01.{)912014 Depth: 2728m (TD) Operation: Well is cased and suspended as a future Permian gas producer. Progress: 2728m | Toolachee Form ation, Patchawarra Formation. |
PL 80 Gas Development CIE Ba sin,QLD | BPT 23.20% STO' 66.06% ORG 16.50% APL 0.24% | Report Time: 0600 hrs (CSl) 01.{)912014 Depth: 2728m (TD) Operation: Well is cased and suspended as a future Permian gas producer. Progress: 2728m | Toolachee Form ation, Patchawarra Formation. |
Tirrawarra-81 | BPT 20.21% STO' 66.60% ORG 13.19% | Report Time: 0600 hrs (CSl) 01.{)912014 Depth: 3009m (TD) Operation: Well is cased and suspended as a future Permian gas producer. Progress: 428m | Patchawarra Formation, Tirrawarra Form ation. |
PPL 20 Gas Development CIE Ba sin,SA | BPT 20.21% STO' 66.60% ORG 13.19% | Report Time: 0600 hrs (CSl) 01.{)912014 Depth: 3009m (TD) Operation: Well is cased and suspended as a future Permian gas producer. Progress: 428m | Patchawarra Formation, Tirrawarra Form ation. |
Andree-5 | BPT 20.21% STO' 66.60% ORG 13.19% | Report Time: 0600 hrs (CSl) 01.{)912014 Depth: 3166m (TD) Operation: Well is cased and suspended as a future Permian gas producer. Progress: 3166m | Patchawarra Formation. |
PPL 238 Gas Development CIE Ba sin,SA | BPT 20.21% STO' 66.60% ORG 13.19% | Report Time: 0600 hrs (CSl) 01.{)912014 Depth: 3166m (TD) Operation: Well is cased and suspended as a future Permian gas producer. Progress: 3166m | Patchawarra Formation. |
Lake MacMillan-3 | BPT 20.21% STO' 66.60% ORG 13.19% | Report Time: 0600 hrs (CSl) 01.{)912014 Depth: 3188m (TD) Operation: Well is cased and suspended as a future Permian gas producer. Progress: 3188m | Epsilon Formation, Patchawarra Formation. |
PPL 120 Gas Development CIE Ba sin,SA | BPT 20.21% STO' 66.60% ORG 13.19% | Report Time: 0600 hrs (CSl) 01.{)912014 Depth: 3188m (TD) Operation: Well is cased and suspended as a future Permian gas producer. Progress: 3188m | Epsilon Formation, Patchawarra Formation. |
Big Lake-124 | BPT 20.21% STO' 66.60% ORG 13.19% | Report Time: 0600 hrs (CSl) 01.{)912014 Depth: 3058m (TD) Operation: Running pressure test in the Patchawarra Formation. Progress: 3058m | Patchawarra Formation, Tirrawarra Form ation, Merrim elia Form ation. |
PPL 11 Gas Development CIE Ba sin,SA | BPT 20.21% STO' 66.60% ORG 13.19% | Report Time: 0600 hrs (CSl) 01.{)912014 Depth: 3058m (TD) Operation: Running pressure test in the Patchawarra Formation. Progress: 3058m | Patchawarra Formation, Tirrawarra Form ation, Merrim elia Form ation. |
Big Lake-119 | BPT 20.21% STO' 66.60% ORG 13.19% | Report Time: 0600 hrs (CSl) 01.{)912014 Depth: 3129m (TD) Operation: Well is cased and suspended as a future Permian gas producer. Progress: 3129m | Patchawarra Formation, Tirrawarra Form ation, Merrim elia Form ation. |
PPL 11 Gas Development C/E Ba sin,SA | BPT 20.21% STO' 66.60% ORG 13.19% | Report Time: 0600 hrs (CSl) 01.{)912014 Depth: 3129m (TD) Operation: Well is cased and suspended as a future Permian gas producer. Progress: 3129m | Patchawarra Formation, Tirrawarra Form ation, Merrim elia Form ation. |
Big Lake-113 | BPT 20.21% STO' 66.60% ORG 13.19% | Report Time: 0600 hrs (CSl) 01.{)912014 Depth: 2624m Operation: Re-entered well on 28/0812014. Drilling ahead. Progress: 2005m | Patchawarra Formation, Tirrawarra Form ation. |
PPL 11 Gas Development CIE Ba sin,SA | BPT 20.21% STO' 66.60% ORG 13.19% | Report Time: 0600 hrs (CSl) 01.{)912014 Depth: 2624m Operation: Re-entered well on 28/0812014. Drilling ahead. Progress: 2005m | Patchawarra Formation, Tirrawarra Form ation. |
Monthly Drilling Report - August 2014
Well | Participants | Progress & Summary | Primary Targets |
Big Lake-111 | BPT 20.21% STO* 66.60% ORG 13.19% | Report Tim e: 0600 hrs (CST) 01/09/2014 Depth: 3257m (TD) Operation: Well is cas ed and s us pended as a future Perm ian gas producer. Progres s : 192m | Patchawarra Form ation, Tirrawarra Form ation. |
PPL 11 Gas Developm ent C/E Bas in, SA | BPT 20.21% STO* 66.60% ORG 13.19% | Report Tim e: 0600 hrs (CST) 01/09/2014 Depth: 3257m (TD) Operation: Well is cas ed and s us pended as a future Perm ian gas producer. Progres s : 192m | Patchawarra Form ation, Tirrawarra Form ation. |
Big Lake-112 | BPT 20.21% STO* 66.60% ORG 13.19% | Report Tim e: 0600 hrs (CST) 01/09/2014 Depth: 3191m (TD) Operation: Well is cas ed and s us pended as a future Perm ian gas producer. Progres s : 3191m | Patchawarra Form ation, Tirrawarra Form ation. |
PPL 11 Gas Developm ent C/E Bas in, SA | BPT 20.21% STO* 66.60% ORG 13.19% | Report Tim e: 0600 hrs (CST) 01/09/2014 Depth: 3191m (TD) Operation: Well is cas ed and s us pended as a future Perm ian gas producer. Progres s : 3191m | Patchawarra Form ation, Tirrawarra Form ation. |
El Salmiya-6 | BPT 22.00% KEE* 50.00% DOV 28.00% | Report Tim e: 0600 hrs (local) 01/09/2014 Depth: 4042m Operation: Drilling ahead. Progres s : 1048m | Abu Roas h C, E, Bahariya, Khatatba. |
Abu Sennan Oil Developm ent Egypt, Wes tern Des ert | BPT 22.00% KEE* 50.00% DOV 28.00% | Report Tim e: 0600 hrs (local) 01/09/2014 Depth: 4042m Operation: Drilling ahead. Progres s : 1048m | Abu Roas h C, E, Bahariya, Khatatba. |
ASA-1X ST3 | BPT 22.00% KEE* 50.00% DOV 28.00% | Report Tim e: 0600 hrs (local) 01/09/2014 Depth: 3385m (TD) Operation: Drilling ahead Progres s : 3385m | Abu Roas h C, E, |
Abu Sennan Oil Exploration Egypt, Wes tern Des ert | BPT 22.00% KEE* 50.00% DOV 28.00% | Report Tim e: 0600 hrs (local) 01/09/2014 Depth: 3385m (TD) Operation: Drilling ahead Progres s : 3385m | Abu Roas h C, E, |
( * ) Operator
BPT Beach Energy Ltd
DOV Dover Investments Ltd STO Santos Limited
APL Australia Pacif ic LNG
KEE Kuw ait Energy Egypt Ltd
SXY Senex Energy Ltd
DLS Drillsearch Ltd ORG Origin Energy Resources Ltd TOAG Territory Oil and Gas Pty Ltd
Progress - Progress since last drilling report of 31 July 2014
Neil Gibbins
Chief Operating Officer
For more information, contact the following on +61 8 8338 2833: Corporate
Reg Nelson Managing Director
Neil Gibbins Chief Operating Officer
Chris Jamieson General Manager Investor Relations
Monthly Drilling Report - August 2014
Cooper/Eromanga Basinsdistributed by |