Australia: Beach Energy Provides August Drilling Report

Australia’s Beach Energy has released the following monthly drilling report for August 2012.

Operated Cooper Basin Unconventional Gas Program

A build up survey was conducted on Encounter-1 (PEL 218, Beach 100%) during August, following the extended production test of the Roseneath-Epsilon-Murteree (REM) in July. The pressure data will be analysed over the coming weeks.

Halifax-1, a vertical exploration well in ATP 855P (Beach 60%, Icon Energy 40%), was spudded on the 4th August on the Ensign 916 rig. Halifax-1 will evaluate the shale gas and basin-centred gas potential in the REM and Patchawarra Formation intervals within the Queensland portion of the Nappamerri Trough. The well is located approximately 12 kilometres northeast of Encounter-1 and has a planned total depth of4,130 metres. At the time of reporting a DST had been conducted over a sandstone in the

Callamurra Member immediately above the Toolachee Formation which had strong gas shows on penetration. The test flowed gas to surface at rates in excess of 0.2 MMscf/d (unstimulated). Thewell will continue to be drilled through the primary REM and Patchawarra Formation targets duringSeptember.

Santos Operated Cooper Basin Oil and Gas Development

The Big Lake-93 gas development well (Beach 20.21%) was drilled, cased and suspended during the month. The rig has subsequently moved to and is drilling ahead in another gas development well, Big Lake-94.

Also in South Australia, and about 40 kilometres NW from Moomba, a second rig drilled Kanowana-8. The well was cased and suspended as a future liquids-rich gas production well. Kanowana-9 is currently drilling ahead. Beach’s equity is 20.21%.

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LNG World News Staff, September 07, 2012; Image: Beach Energy