Beach Energy Limited

BPT

AU000000BPT9

Oil & Gas Exploration and Production

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Apr. 25	JPMorgan Upgrades Beach Energy to Overweight from Neutral, Price Target is AU$1.85	MT
Apr. 24	Beach Energy Revises FY2024 Production Guidance to 18-18.5 Million Barrels of Oil Equivalent	MT

Beach Energy : Monthly Drilling Report - July 2014

August 05, 2014 at 10:59 pm EDT

For Immediate Release - 6 August 2014

Ref. #054/14

ASX Ltd/SGX Singapore Exchange Ltd Companies Announcement Office Electronic Lodgement System

Drilling Report - Period ending 31 July 2014 July 2014

Well

Participants

Progress & Summary

Primary Targets

Elliston-2

BPT* 75.00% COE 25.00%

Report Tim e: 0600 hrs (CST) 31/07/2014

Depth: 1660m (TD)

Operation: Well plugged and abandoned. Progres s : 1660m

Nam ur Sands tone, Birkhead Form ation.

PPL 249

Oil Developm ent

Cooper, SA

BPT* 75.00% COE 25.00%

Report Tim e: 0600 hrs (CST) 31/07/2014

Depth: 1660m (TD)

Operation: Well plugged and abandoned. Progres s : 1660m

Nam ur Sands tone, Birkhead Form ation.

Shelly-1

BPT* 75.00% COE 25.00%

Report Tim e: 0600 hrs (CST) 31/07/2014

Depth: 1942m (TD)

Operation: Well plugged and abandoned. Progres s : 1942m

Nam ur Sands tone, Birkhead Form ation, Hutton Sands tone, Poolowanna Form ation.

PRL 86

Oil Exploration

Cooper, SA

BPT* 75.00% COE 25.00%

Report Tim e: 0600 hrs (CST) 31/07/2014

Depth: 1942m (TD)

Operation: Well plugged and abandoned. Progres s : 1942m

Nam ur Sands tone, Birkhead Form ation, Hutton Sands tone, Poolowanna Form ation.

Cullen-1

BPT* 50.00% TOAG 50.00%

Report Tim e: 0600 hrs (WST) 31/07/2014

Depth: 3191m

Operation: Drilling ahead.

Progres s : 1388m

Bonaparte Form ation, Milligans Form ation.

EP 126

Unconventional and Conventional Gas Bonaparte, NT

BPT* 50.00% TOAG 50.00%

Report Tim e: 0600 hrs (WST) 31/07/2014

Depth: 3191m

Operation: Drilling ahead.

Progres s : 1388m

Bonaparte Form ation, Milligans Form ation.

Sabre-1

BPT 40.00% SXY* 60.00%

Report Tim e: 0600 hrs (CST) 31/07/2014

Depth: 1900m (TD)

Operation: Well plugged and abandoned. Progres s : 1900m

Birkhead Form ation.

PEL 111

Oil Exploration

Cooper, SA

BPT 40.00% SXY* 60.00%

Report Tim e: 0600 hrs (CST) 31/07/2014

Depth: 1900m (TD)

Operation: Well plugged and abandoned. Progres s : 1900m

Birkhead Form ation.

Tirrawarra-83

BPT 20.21% STO* 66.60% ORG 13.19%

Report Tim e: 0600 hrs (CST) 31/07/2014

Depth: 3022m (TD)

Operation: Well cas ed and s us pended as a future Perm ian gas producer.

Progres s : 2398m

Patchawarra Form ation, Tirrawarra Form ation.

PPL 20

Gas Developm ent

C/E Bas in, SA

BPT 20.21% STO* 66.60% ORG 13.19%

Report Tim e: 0600 hrs (CST) 31/07/2014

Depth: 3022m (TD)

Operation: Well cas ed and s us pended as a future Perm ian gas producer.

Progres s : 2398m

Patchawarra Form ation, Tirrawarra Form ation.

Tirrawarra-81

BPT 20.21% STO* 66.60% ORG 13.19%

Report Tim e: 0600 hrs (CST) 31/07/2014

Depth: 2518m Operation: Drilling ahead. Progres s : 2518m

Patchawarra Form ation, Tirrawarra Form ation.

PPL 20

Gas Developm ent

C/E Bas in, SA

BPT 20.21% STO* 66.60% ORG 13.19%

Report Tim e: 0600 hrs (CST) 31/07/2014

Depth: 2518m Operation: Drilling ahead. Progres s : 2518m

Patchawarra Form ation, Tirrawarra Form ation.

Gashnitz-4

BPT 20.21% STO* 66.60% ORG 13.19%

Report Tim e: 0600hrs (CST) 31/07/2014

Depth: 3129m (TD)

Operation: Well cas ed and s us pended as a future Perm ian gas producer.

Progres s : 1838m

Toolachee Form ation, Daralingie Form ation.

PPL 101

Unconventional Gas

Apprais al

C/E Bas in, SA

BPT 20.21% STO* 66.60% ORG 13.19%

Report Tim e: 0600hrs (CST) 31/07/2014

Depth: 3129m (TD)

Operation: Well cas ed and s us pended as a future Perm ian gas producer.

Progres s : 1838m

Toolachee Form ation, Daralingie Form ation.

Monthly Drilling Report-July 2014 BEACH

ENERGY

Drilling Report- Period ending 31 July 2014

Well P artici pants Progress & Summary Primary Targets

Big Lake-118

BPT 20.21%

STO' 66.60% ORG 13.19%

Report lime: 0600 hrs (CSl) 31/07/2014

Depth: 3203m (TD)

Operation: Well cased and suspended as a future Perm ian gas producer.

Progress: 2518m

Patchawarra Form ation,

Tirrawarra Formation.

PPL 11

Gas Development

CIE Ba sin,SA

BPT 20.21%

STO' 66.60% ORG 13.19%

Report lime: 0600 hrs (CSl) 31/07/2014

Depth: 3203m (TD)

Operation: Well cased and suspended as a future Perm ian gas producer.

Progress: 2518m

Patchawarra Form ation,

Tirrawarra Formation.

Big Lake-113

BPT 20.21% STO' 66.60% ORG 13.19%

Report lime: 0600 hrs (CSl) 31/07/2014

Depth: 619m

Operation: Set surface casing. Rig release -lo be re-entered at a later date.

Progress: 619m

Patchawarra Form ation, Tirrawarra Formation.

PPL 11

Gas Development

CIE Ba sin,SA

BPT 20.21% STO' 66.60% ORG 13.19%

Report lime: 0600 hrs (CSl) 31/07/2014

Depth: 619m

Operation: Set surface casing. Rig release -lo be re-entered at a later date.

Progress: 619m

Patchawarra Form ation, Tirrawarra Formation.

Big Lake-111

BPT 20.21% STO' 66.60% ORG 13.19%

Report lime: 0600 hrs (CSl) 31/07/2014

Depth: 3065m

Operation: Re-entered well al644m. Drilling ahead. Progress: 2421m

Patchawarra Form ation, Tirrawarra Formation.

PPL 11

Gas Development

CIE Ba sin,SA

BPT 20.21% STO' 66.60% ORG 13.19%

Report lime: 0600 hrs (CSl) 31/07/2014

Depth: 3065m

Operation: Re-entered well al644m. Drilling ahead. Progress: 2421m

Patchawarra Form ation, Tirrawarra Formation.

Big Lake-117

BPT 20.21% STO' 66.60% ORG 13.19%

Report lime: 0600 hrs (CSl) 31/07/2014

Depth: 3116m (TD)

Operation: Well cased and suspended as a future Perm ian gas producer.

Progress: 870m

Patchawarra Form ation, Tirrawarra Formation.

PPL 11

Gas Development

CIE Ba sin,SA

BPT 20.21% STO' 66.60% ORG 13.19%

Report lime: 0600 hrs (CSl) 31/07/2014

Depth: 3116m (TD)

Operation: Well cased and suspended as a future Perm ian gas producer.

Progress: 870m

Patchawarra Form ation, Tirrawarra Formation.

Mootion-7

BPT 20.21%

STO' 66.60% ORG 13.19%

Report lime: 0600 hrs (CSl) 31/07/2014

Depth: 3048m (TD)

Operation: Well cased and suspended as a future Perm ian gas producer.

Progress: 3048m

Toolachee Form ation,

Epsilon Form ation.

PPL 167

Gas Development

CIE Ba sin,SA

BPT 20.21%

STO' 66.60% ORG 13.19%

Report lime: 0600 hrs (CSl) 31/07/2014

Depth: 3048m (TD)

Operation: Well cased and suspended as a future Perm ian gas producer.

Progress: 3048m

Toolachee Form ation,

Epsilon Form ation.

Cook-28

BPT 20.00% STO' 55.00% ORG 25.00%

Report lime: 0600 hrs (CSl) 31/07/2014

Depth: 2866m (TD)

Operation: Well cased and suspended as a future Hutton Sandstone oil producer

Progress: 2866m

Hutton Sandst one.

PL 97

Horizontal

Oil Appraisal

CIE Ba sin,QLD

BPT 20.00% STO' 55.00% ORG 25.00%

Report lime: 0600 hrs (CSl) 31/07/2014

Depth: 2866m (TD)

Operation: Well cased and suspended as a future Hutton Sandstone oil producer

Progress: 2866m

Hutton Sandst one.

Cook-29

BPT 20.00% STO' 55.00% ORG 25.00%

Report lime: 0600 hrs (CSl) 31/07/2014

Depth: 2915m (TD)

Operation: Well cased and suspended as a future Murta Memb er oil producer

Progress: 321m

Murta Member.

PL 97

Horizontal

Oil Appraisal

CIE Ba sin,QLD

BPT 20.00% STO' 55.00% ORG 25.00%

Report lime: 0600 hrs (CSl) 31/07/2014

Depth: 2915m (TD)

Operation: Well cased and suspended as a future Murta Memb er oil producer

Progress: 321m

Murta Member.

Hera-4

BPT 23.20% STO' 60.06% ORG 16.50% APL 0.24%

Report lime: 0600 hrs (CSl) 31/07/2014

Depth: 3036m (TD)

Operation: Well cased and suspended as a future Perm ian gas producer.

Pro ress: 3036m

Toolachee Form ation, Patchawarra Form ation.

PL 131

Gas Development

CIE Ba sin,QLD

BPT 23.20% STO' 60.06% ORG 16.50% APL 0.24%

Report lime: 0600 hrs (CSl) 31/07/2014

Depth: 3036m (TD)

Operation: Well cased and suspended as a future Perm ian gas producer.

Pro ress: 3036m

Toolachee Form ation, Patchawarra Form ation.

Hera-3

BPT 23.20% STO' 60.06% ORG 16.50% APL 0.24%

Report lime: 0600 hrs (CSl) 31/07/2014

Depth: 2978m (TD)

Operation: Well cased and suspended as a future Perm ian gas producer.

Progress: 352m

Toolachee Form ation, Patchawarra Form ation.

PL 131

Gas Development

CIE Ba sin,QLD

BPT 23.20% STO' 60.06% ORG 16.50% APL 0.24%

Report lime: 0600 hrs (CSl) 31/07/2014

Depth: 2978m (TD)

Operation: Well cased and suspended as a future Perm ian gas producer.

Progress: 352m

Toolachee Form ation, Patchawarra Form ation.

BSatmiya-6

BPT 22.00% KEE' 50.00% DOV 28.00%

Report lime: 0600 hrs (local) 31/07/2014

Depth: 2994m Operation: Drilling ahead. Progress: 2994m

Abu Roas h C,E, Bahariya , Khatatba.

Abu Sennan

Oil Development

Egypt, Western Desert

BPT 22.00% KEE' 50.00% DOV 28.00%

Report lime: 0600 hrs (local) 31/07/2014

Depth: 2994m Operation: Drilling ahead. Progress: 2994m

Abu Roas h C,E, Bahariya , Khatatba.

(')

Operator

BPT

Beach 81ergy Ltd

DOV Dover hvestrnents ltd

STO Sa ntos Limted

APL OOE

Australia Pac1f1c LNG ltd

Oooper 81ergy ltd

KEE Kuw a1 t 81ergy Egypt ltd

ORG Ong1n 81ergy Resources ltd

SXY Senex 81ergy ltd

TOAG - Terntory 011 & Gas Ply ltd

Monthly Drilling Report - 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

Investor Relations

Chris Jamieson General Manager Investor Relations

Monthly Drilling Report - July 2014

Cooper/Eromanga Basins

Bonaparte Basin - North Territory Abu Sennan Concession, Egypt

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Latest news about Beach Energy Limited

JPMorgan Upgrades Beach Energy to Overweight from Neutral, Price Target is AU$1.85	Apr. 24	MT
Beach Energy Revises FY2024 Production Guidance to 18-18.5 Million Barrels of Oil Equivalent	Apr. 23	MT
Jarden Adjusts Beach Energy Price Target to AU$1.70 from AU$1.90, Keeps at Overweight	Apr. 08	MT
Beach Energy's Waitsia Gas Plant Faces Further Delay, Higher Costs; Shares Plummet	Apr. 08	MT
News Highlights : Top Energy News of the Day - Monday at 11 AM ET	Apr. 08	DJ
Canaccord Genuity Downgrades Beach Energy to Sell From Hold; Price Target is AU$1.61	Apr. 08	MT
Gold, IT stocks buoy Aussie shares; traders assess US jobs data	Apr. 08	RE
Financials lead gains on the Australian bourse	Apr. 07	RE
Beach Energy Raises Capex Forecast for Waitsia Stage 2 Project, First Gas Delayed	Apr. 07	DJ
Goldman Upgrades Beach Energy to Neutral from Sell, Price Target at AU$1.90	Apr. 01	MT
Beach Energy Laying Off 30% of Workforce	Mar. 28	MT
Australia's Beach Energy to cut 30% jobs in cost-saving move, shares jump	Mar. 27	RE
Beach Energy Limited Appoints Sally Martin as an Independent Non-Executive Director	Mar. 11	CI
News Highlights : Top Energy News of the Day - Wednesday at 4 AM ET	Feb. 14	DJ
News Highlights : Top Energy News of the Day - Wednesday at 12 AM ET	Feb. 14	DJ
News Highlights : Top Energy News of the Day - Tuesday at 4 PM ET	Feb. 13	DJ
News Highlights : Top Energy News of the Day - Tuesday at 11 AM ET	Feb. 13	DJ
Healthcare Losses Drag Down Australian Shares	Feb. 12	MT
Beach Energy Shares Rise Nearly 4% as Fiscal H1 Revenue Climbs; Swings to Net Loss, Narrows Production and CapEx Guidance	Feb. 12	MT
Transcript : Beach Energy Limited, H1 2024 Earnings Call, Feb 12, 2024	Feb. 11
Beach Energy Swings to Net Loss in Fiscal H1; Narrows Fiscal Year 2024 Production, CapEx Guidance	Feb. 11	MT
Beach Energy Limited Reports Earnings Results for the Half Year Ended December 30, 2023	Feb. 11	CI
News Highlights : Top Energy News of the Day - Friday at 4 PM ET	Feb. 09	DJ
Newport Exploration Notes Q2 Activities Report From Australia-listed Beach Energy	Jan. 26	MT
Beach Energy's Production Volume Falls in Fiscal Q2; Shares Rise 3%	Jan. 24	MT

Beach Energy Limited is an Australia-based oil and gas exploration and production company. It has operated and non-operated, onshore and offshore, oil and gas production from five producing basins across Australia and New Zealand and is a supplier to the Australian east coast gas market. Its operations include Cooper Basin, Eromanga Basin, Otway Basin, Bass Basin, Perth Basin and Taranaki Basin. Cooper Basin covers an area of approximately 127,000 square kilometers (km2) and extends across the northeast of South Australia and southwest of Queensland. Eromanga Basin covers an area of approximately 1,000,000 km2 and extends over South Australia, Northern Territory, Queensland and New South Wales. Otway Basin is approximately 500 kilometers (km) long from Cape Jaffa in South Australia to northwest Tasmania, covering both onshore and offshore. Bass Basin is located offshore between the southern tip of Victoria and the northern margin of Tasmania in the shallow waters of Bass Strait.

Sector

Oil & Gas Exploration and Production

Calendar

2024-08-11 - Q4 2024 Earnings Release

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S&P/ASX 200

More about the company

Income Statement Evolution

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Ratings for Beach Energy Limited

Trading Rating

Investor Rating

ESG Refinitiv

B-

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

1.59 AUD

Average target price

1.903 AUD

Spread / Average Target

+19.67%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

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Other Oil & Gas Exploration and Production

Beach Energy Limited

Equities

BPT

AU000000BPT9

Oil & Gas Exploration and Production

Beach Energy : Monthly Drilling Report - July 2014

Latest news about Beach Energy Limited

Chart Beach Energy Limited

Company Profile

Income Statement Evolution

Ratings for Beach Energy Limited

Analysts' Consensus

EPS Revisions

Quarterly earnings - Rate of surprise

Sector Other Oil & Gas Exploration and Production