24 Jan 2007drilling progress report● Neutral
Beach weekly report: heavy rain and road closures have delayed Cooper-Eromanga drilling. Appadare-1 reached 1,922 m, Coonaberry-2 is at 2,297 m, and Wilpinnie-4 is at 1,587 m after a DST tool plugged.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
22 Jan 2007drilling result▼ BadMajor
Appadare-1 is being plugged and abandoned after only minor gas shows in the Patchawarra that looked water-wet. It is the fourth dry hole in the five-well PEL 107 program. Rawson may take up to two more wells in the block.
19 Jan 2007drilling progress report● Neutral
Great Artesian daily report: Appadare-1 at 1,768.5 m, drilling in the Poolowanna after a bit change, just above the Patchawarra target. No new result.
19 Jan 2007drilling progress report● Neutral
Appadare-1 (Beach operator) found no shows in the Poolowanna at 1,727 m and is drilling toward the Patchawarra, expected at 1,772 m. A decision on testing or continuing to total depth is still to come.
18 Jan 2007drilling progress report● Neutral
Great Artesian daily report: Appadare-1 drilling ahead at 1,562 m in the Adori Formation. No new result.
17 Jan 2007drilling progress report● Neutral
Beach weekly report: Appadare-1 drilling at 919 m; Coonaberry-2 preparing surface casing; Wilpinnie-4 preparing to core; Cowralli 8 cased and suspended at 3,223 m. No new results.
17 Jan 2007drilling progress report● Neutral
Great Artesian daily report: Appadare-1 drilling ahead at 975 m. No new result.
17 Jan 2007drilling result▲ GoodMajor
Beach reports two new Cooper Basin oil discoveries: Itchy-1 (20.21%) flowed 2,174 bopd and Ramses-2 (28.8%) 588 bopd. The nine-well Yanda oil program should lift output to about 500 bopd gross by April. Beach expects up to 130 Cooper Oil wells in 2007.
16 Jan 2007drilling progress report● Neutral
Great Artesian daily report: Appadare-1 at 654 m, pressure testing before drilling resumes. No new result.
15 Jan 2007drilling spud● Neutral
Appadare-1 spudded 12 January in PEL 107 and surface casing is set at 654 m. It is the fifth and final well of the PEL 107 program, after three dry holes, and targets 1.2m barrels. Beach operates with 20% of a commercial discovery.
15 Jan 2007drilling progress report● Neutral
Great Artesian daily report: Appadare-1 (Beach operator, 20% of a commercial discovery) is at 640 m running surface casing, 2,095 m planned. No result yet.
10 Jan 2007drilling progress report▲ Good
Beach weekly report shows oil flows from two wells: Ramses-2 flowed 588 bopd from the Poolowanna and is cased and suspended; Itchy-1 (Beach 20.21%) flowed 2,174 bopd from the Hutton. Cowralli 8 reached 3,223 m.
9 Jan 2007drilling scheduled● Neutral
Rawson says Appadare-1, the last PEL 107 well, will spud around 15-16 January to 2,095 m, with mean recoverable reserves of 1.2m barrels. Beach operates with 20% in a commercial discovery. Also notes the Spinel 3D survey is under way.
3 Jan 2007drilling progress report● Neutral
Beach weekly report: Ramses-2 (Beach 23%) reached 2,935 m and is logging; Wackett-13 cased and suspended after Murta test recovered 8.2 bbl oil; Cowralli 8 and Itchy 1 drilling ahead.
20 Dec 2006drilling progress report● Neutral
Beach weekly report: Cabbots-1 plugged and abandoned; Dunoon-2 cased and suspended after recovering 1.5 bbls oil and 4.5 bbls mud on a Murta test; Psyche-5, Yanda-25, Biala-14 cased and suspended.
19 Dec 2006drilling result▼ BadMajor
Cabbots-1 (Beach operator 40%) reached 2,421 m; logs showed no commercial hydrocarbons and it is being plugged and abandoned. It is the third dry hole in PEL 107 after Keeley-1 and Talia-1; Appadare-1 is now expected early January.
19 Dec 2006drilling result▼ Bad
Magellan confirms Cabbots-1 reached 2,421 m with no significant oil or gas shows and is being plugged and abandoned. Repeats the Great Artesian result; Beach operates with 40%.
15 Dec 2006drilling progress report● Neutral
Cabbots-1 reached total depth of 2,421 m on 14 December; logs will evaluate shows seen while drilling, with results expected that night. Beach operates with 40%. No result yet.
15 Dec 2006drilling progress report● Neutral
Dunoon 2 (Beach 33.3%) is running in the hole for a third drill stem test, over 1,449-1,461 m in the Murta Member, after two misruns. No result yet.
14 Dec 2006drilling progress report● Neutral
Magellan weekly report repeats Cabbots-1 (Beach operator 40%) at 2,248 m drilling in the Patchawarra at 13 December. No new result.
14 Dec 2006drilling progress report● Neutral
Dunoon 2 (Beach 33.3%) drill stem testing is delayed: tool failures stopped two tests of the Murta Member. New tools are awaited, with testing planned for 15 December.
13 Dec 2006drilling progress report● Neutral
Beach weekly report: Cabbots-1 at 2,248 m; Dunoon-2 at TD 1,456 m, first Murta test misrun; Yanda-22 cased as Murta oil producer; Tipton West wells 106, 111, 112 completed and the year's program there is finished.
13 Dec 2006drilling progress report● Neutral
Cabbots-1 (Beach operator 40%) is at 2,248 m, drilling ahead in the Patchawarra Formation. No result yet.
12 Dec 2006drilling progress report● Neutral
Cabbots-1 (Beach operator 40%) is at 2,076 m in the Patchawarra Formation, the primary target, after a bit change. No result yet.
12 Dec 2006drilling progress report● Neutral
Dunoon 2 (Beach 33.3%) at 1,460 m is running test tools for a drill stem test of the Murta Member, 1,150-1,161 m. No result yet.
11 Dec 2006drilling result● Neutral
Dunoon 2 (Beach 33.3%) reached total depth of 1,460 m with oil shows in the Murta and McKinlay members; logs and possibly drill stem tests will evaluate them. Shows only, not a discovery yet.
11 Dec 2006drilling progress report● Neutral
Cabbots-1 (Beach operator 40%) is at 1,976 m in the Poolowanna Formation, drilling ahead toward planned 2,440 m. No result.
8 Dec 2006drilling progress report● Neutral
Cabbots-1 (Beach operator 40%) remains at 854 m, waiting on cement after running surface casing. No result.
8 Dec 2006drilling progress report● Neutral
Dunoon 2 (Beach 33.3%) is drilling the main hole at 940 m toward planned 1,470 m. No result yet.
7 Dec 2006drilling progress report● Neutral
Great Artesian reports Cabbots-1 at 854 m, running surface casing. Pre-drill estimate is mean recoverable 420,000 barrels, up to 800,000 if filled to spill. Beach operates with 40%. No result yet.