28 Feb 2008drilling progress report● Neutral
Great Artesian update: Murrippi-1 (Beach 40%) is at 1,626 m, drilling ahead in the Westbourne Formation. The Hutton target is expected at about 1,818 m. No result yet.
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27 Feb 2008drilling progress report● Neutral
Weekly report: Murrippi-1 is at 1,338 m, about to reach its first target. Tirrawarra-75 was cased as a future gas/oil producer. Basker-6 is expected to start in the first week of March. Two Cooper wells are in progress.
22 Feb 2008drilling progress report● Neutral
Great Artesian update: Murrippi-1 (Beach 40%) is drilling ahead in surface hole at 483 m. No new result.
21 Feb 2008drilling spud● Neutral
Great Artesian reports Murrippi-1 (Beach 40% operator, GOG 60%) spudded on 21 February, targeting oil at about 2,241 m. Pre-drill P50 is 0.6 mmbbl in the Hutton and 0.17 mmbbl in the Patchawarra. It follows the dry Ballaparudda-1.
20 Feb 2008drilling progress report● Neutral
Weekly report: no Cooper Oil Project activity this week; Cook-12 is preparing to spud. Murrippi-1 (Beach 40%, PEL 91) is due to spud later today, targeting about 2,240 m.
13 Feb 2008drilling progress report▲ Good
Weekly report: Mudlalee-6 was cased as a future oil producer with 4.8 m of oil pay. Cooper Oil Project tally is now 62 of 88 (70%). Murrippi-1 (Beach 40%) is due to spud next week.
6 Feb 2008drilling progress report● Neutral
Weekly report: Coonatie-11 (Beach 17.14%) reached 3,114 m and was cased as a future gas producer. Tirrawarra-75 and Mudlalee-6 are drilling. Cooper Oil Project tally unchanged at 61 of 86 (71%).
30 Jan 2008drilling progress report▲ Good
Weekly report: Tirrawarra-73 was cased as an oil and gas producer, and Mudera North-1 was cased as a Coorikianna Sst gas producer. Cooper Oil Project tally unchanged at 61 of 86 (71%).
23 Jan 2008drilling progress report● Neutral
Weekly report: Tirrawarra-73 reached 2,996 m with 11 m of oil pay interpreted, and Mudera North-1 reached 1,856 m and is being logged. Cooper Oil Project tally unchanged at 61 of 86 (71%).
16 Jan 2008resource reserve update▲ GoodMajor
Tipton West (Beach 40%) reserves upgraded: 1P to 167 PJ and 2P from 174 to 293 PJ, with Tarooms seams included for the first time. Beach's share of 2P rises from 11.8 to 20.2 mmboe, against total reserves of 89.6 mmboe at 30 June 2007.
16 Jan 2008drilling progress report▲ Good
Weekly report: Merrimelia-61 cased as an oil producer with 4.5 m pay. Callawonga pipeline is installed and expected to be commissioned by mid March 2008. Cooper Oil Project tally is 61 of 86 (71%).
14 Jan 2008drilling progress report● Neutral
Drillsearch says the current Naccowlah Block drilling phase ended with Jackson-55. Drilling resumes in May 2008 with at least ten wells planned.
9 Jan 2008drilling progress report● Neutral
Weekly report: Merrimelia-61 is drilling and Coonatie-10 (Beach 17.14%) was cased as a future gas producer with 6 m of Permian gas pay. No change to the 60 of 85 Cooper Oil Project tally.
3 Jan 2008drilling progress report● Neutral
Drillsearch update: Jackson-54 and -55 (Beach 38.5%) were cased and suspended as future oil producers. The rig is under routine maintenance.
2 Jan 2008drilling progress report● Neutral
Weekly report: Jackson-54, Jackson-55 and Charo-3 were successful and Zogg-1 was dry. Tartulla-8 was cased as a future gas producer. Cooper Oil Project tally is 60 of 85 (71%).
20 Dec 2007drilling progress report● Neutral
Drillsearch update: Jackson-53 (Beach 38.5%) found pay in the Murta and Mid Birkhead, and was cased as a future producer. Jackson-54 has spudded.
19 Dec 2007drilling progress report● Neutral
Drillsearch update: Jackson-52 (Beach 38.5%) was cased as a future oil producer and Jackson-53 spudded on 12 December.
19 Dec 2007drilling progress report● Neutral
Weekly report: Jackson-53 was successful, Ogg-1 dry, Charo-3 drilling. Ballaparudda-1 confirmed plugged with no significant shows. Murrippi-1 is next in February. Cooper Oil Project tally 57 of 81 (70%). No report next week.
18 Dec 2007farm in farm out agreement▲ GoodMajor
Beach agrees terms to farm into the Durresi Block, offshore Albania (4,200 sq km), for 25% with Island Oil & Gas operating 75%, with an option to reach 45%. Seismic in 2008, one well in 2009. Beach says deeper prospects could yield over 100 mmboe net. Subject to Albanian approval.
17 Dec 2007drilling result▼ BadMajor
Ballaparudda-1 (PEL 91, Beach 40% operator) is plugged and abandoned, with no commercial oil found despite shows in the Murta and Birkhead. A dry hole against 1.4 mmbbl pre-drill estimate; Murrippi-1 is next in February.
14 Dec 2007drilling progress report● Neutral
Ballaparudda-1 reached total depth of 1,963 m on 14 December. Hydrocarbon shows will be evaluated with logs over the weekend.
13 Dec 2007drilling progress report● Neutral
Ballaparudda-1 reached 1,697 m and some hydrocarbon fluorescence was seen in the Birkhead objective. Significance will be assessed with wireline logs after total depth.
12 Dec 2007drilling progress report● Neutral
Weekly report: Charo-2 and Jackson-52 were successful and Ogg-1 is drilling. Ballaparudda-1 had no shows to date. Cooper Oil Project tally is 56 successes from 79 wells (71%).
12 Dec 2007drilling progress report▼ Bad
Ballaparudda-1 reached 1,602 m. No hydrocarbon shows were seen in the Namur Sandstone objective, only minor shows in the Murta Formation, a mildly discouraging sign for the 0.9 mmbbl Namur target.
11 Dec 2007drilling progress report● Neutral
Ballaparudda-1 was drilling ahead at 1,312 m on 11 December in the Cadna-owie Formation. No results reported yet.
10 Dec 2007drilling progress report● Neutral
Great Artesian's daily report: Ballaparudda-1 (PEL 91, Beach 40% operator) was drilling ahead at 945 m in Allaru mudstone on 10 December, toward a planned ~1,960 m. No new result.
7 Dec 2007drilling progress report● Neutral
Great Artesian's daily report: Ballaparudda-1 was drilling ahead at 201 m on 7 December. Surface casing is set. Evaluation is expected to finish in about two weeks.
6 Dec 2007drilling spud● Neutral
Ballaparudda-1 (PEL 91, Beach 40% operator, GOG 60%) spudded on 6 December, targeting about 1,960 m. It tests the 'oil fairway' with a pre-drill best estimate of 1.4 million barrels. Murrippi-1 is expected in February.
6 Dec 2007drilling progress report▲ Good
Drillsearch update: Jackson-56 (Beach 38.5%) found oil pay in several intervals and was cased as a future producer. Jackson-52 spudded on 4 December.
5 Dec 2007drilling scheduled● Neutral
Great Artesian says Beach's rig is moving to Ballaparudda-1 in PEL 91 (Beach 40% operator, GOG 60%), spudding this week. Pre-drill best estimate is 1.4 million barrels across targets, with 2 to 5 million barrels possible. Murrippi-1 follows in February.