Monthly drill report out.For immediate release – 5 October 2016
Ref. #67/16 ASX Ltd
Companies Announcement Office Electronic Lodgement System
AUSTRALIA – COOPER AND EROMANGA BASINS DEVELOPMENT
Western Flank Oil (Ex PEL 91: Beach 100%)
The Stunsail-3 development well was drilled to develop oil bearing reservoirs in the Namur and MidNamur Sandstone in the Stunsail Field, which is located approximately 85 kilometres northwest of the Moomba processing facility. Stunsail-3 also assessed potential for reservoir development in the Birkhead Formation. The well was cased and suspended after intersecting two metres of net pay in the Namur Sandstone and four metres of net pay in the Mid-Namur Sandstone. The well also encountered a 15 metre gross interval within the Birkhead Formation with strong oil shows. The well is to be completed as a Birkhead oil producer to provide extended production test information for this reservoir. The well is expected to be online in Q2 FY17.
Beach has now completed all three development wells in its FY17 operated Western Flank drilling campaign. All three development wells were in line with pre-drill expectations and have been cased and suspended. All are expected to be completed and come online in Q2 FY17.
Western Flank Oil (Ex PEL 91: Beach 100%) The first well of Beach’s operated 10 exploration well campaign for FY17, Kangaroo-1, was spudded on 29 September 2016 and is currently drilling ahead. The well is targeting stratigraphically trapped oil within the Birkhead Formation, approximately four kilometres North West of the Spitfire Field, which produces oil from the target reservoir interval. Wellsite drilling operations are expected to take 13 days to complete.
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Nice .. GLTA