Beach Energy Limited (ASX:BPT) (PINK:BEPTF) announces weekly drilling report for the week ending 26 May 2010. Highlights of the week's activities include:
Cooper / Eromanga Basin
Genoa-3 is being cased and suspended as a future Hutton Sandstone oil producer. Participants in Genoa-3 are Beach Energy Ltd, 30% and Santos Ltd (ASX:STO), 70%.
( * ) Operator
(s) Secondary Targets
BPT Beach Energy Ltd
STO Santos Limited
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Well Participants
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Genoa-3 BPT 30.00%
PL 68 STO* 70.00%
Oil Development
C/E Basin, QLD
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Weekly Progress & Summary Primary Targets
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Report Time: 0600 hrs 26/05/2010 (CST) Hutton Sandstone
Depth: 1786m (TD) Birkhead Formation
Operation: Well is being cased and Namur Sandstone (s)
suspended as a future
Hutton Sandstone oil
producer.
Progress: 1522m
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For the complete Beach Energy announcement including the well location map, please view the following link:
http://www.abnnewswire.net/media/en/docs/62957-ASX-BPT-178310.pdf
About Beach Energy Limited:
Beach Energy Limited (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 Executive Officer
TEL: +61-8-8338-2833
FAX: +61-8-8338-2336
www.beachenergy.com.au
Source:
Beach Energy Limited
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