Australia: Beach Energy Provides Monthly Drilling Report

Beach Energy Limited released monthly drilling report ended 4 May 2011.

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

The Canunda-1 extended production test is continuing. The well is now shut in for an extended pressure build-up, analysis of which will provide insight into reservoir size and shape. A total of 100 MMscf raw gas (including 15 kstb condensate sales) has been produced during the test.

Beach Operated Cooper Basin Shale Gas Exploration – PEL 218

Analyses and evaluation continued on the core and logs recovered from Encounter-1 and Holdfast-1 (Beach 90%). In preparation for the fracture stimulation program in the second half of May the completion work at Holdfast-1 commenced at the end of the month. Holdfast-1 and Encounter-1 are to be completed with 4 ½” tubing to enable high pressure fracture stimulation of up to eight zones in each of the wells.

Santos Operated Cooper Basin Oil and Gas Development

The Moomba-184 gas development well (Beach 20.21%) has been cased and suspended as a future Toolachee Formation gas producer. The Saxon-183 drilling rig has moved to the Moomba-185 (Beach 20.21%) location and is currently drilling the surface hole.

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Source: Beach Energy, May 5, 2011;