Australia: Beach Energy Provides Monthly Drilling Report

Beach Energy Limited today released its monthly drilling report.

Beach Operated Cooper-Eromanga Basin Gas – PEL 106FI Block

The Canunda-1 well is currently shut in for an extended pressure build-up, analysis of which will provide insight into reservoir size and extent. A total of 100 million standard cubic feet of raw gas (including 15 thousand standard barrels of condensate sales) has been produced during the test.

Santos Operated Cooper Basin Oil and Gas Development

The Moomba-185 gas development well (Beach 20.21%) has been cased and suspended as a future Toolachee Formation gas producer. This well was also deepened to obtain 30 feet (9.1 metres) of core from each of the Roseneath and Murteree Shales to further assess the shale-gas prospectivity of these intervals within the Moomba Field area. The Saxon-183 drilling rig has since moved to the Moomba-186 location (Beach 20.21%) and is preparing to spud. A second (new) Saxon rig is currently undergoing compliance testing and commissioning before spudding Nephrite South-6 well in early June.

Beach Operated Cooper Basin Shale Gas Exploration – PEL 218

The Holdfast-1 completion has been installed (Beach 90%) in preparation for flow stimulation activities to be conducted in early/mid June. Completion equipment is currently being installed in Encounter-1 (Beach 90%). Up to eight zones in each well will be stimulated as part of the on-going assessment of volumetric and flow potential of gas from shales within the Nappamerri Trough. Geological and engineering studies continue on the core and logs which were recovered from Encounter-1 and Holdfast-1 in late 2010 and early 2011.

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Source: Beach Energy, June 1, 2011;