14 June 2006drilling progress report● Neutral
Cooper reports Sellicks-3 at 2,126 m, running in to test the Patchawarra, 2,119-2,126 m. No result yet.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
14 June 2006drilling spud● Neutral
Stuart spuds Rimfire-1 at 04:00 on 14 June in PEL 113, planned to 1,542 m. Beach holds 33.3%. Drilling surface hole at 33 m.
13 June 2006drilling progress report● Neutral
Cooper reports Sellicks-3 drilled to 2,126 m with oil shows at the top of the Patchawarra, 2,120-2,126 m. An open-hole production test is next.
13 June 2006drilling progress report● Neutral
Beach weekly report: Sellicks-3 at 2126 m, preparing a Patchawarra test; Kenmore-35 spudded 13 June (Beach 100%); Basker-4 completion continuing; 16 Tipton West wells done. No new result.
8 June 2006drilling scheduled● Neutral
Stuart announces Rimfire-1, 3 km north-east of Harpoono in PEL 113, to spud about 12 June. Pre-drill mean oil in place is 1.7 million barrels across Murta, McKinlay and Hutton, to 1,540 m. Beach 33.3%.
8 June 2006drilling result● Neutral
Stuart plugs and abandons Dalray-1 in PEL 93, which found no economic hydrocarbons, and moves the rig to Rimfire-1 in PEL 113, where Beach holds 33.3%. Beach is not named as a Dalray participant; Stuart says Dalray lowers its oil expectations for the Padulla/Dalray complex.
6 June 2006drilling progress report● Neutral
Beach weekly report: Sellicks-2 cased and completed, on production July 2006; Sellicks-3 at 775 m. Basker-3 and -5 completed as oil producers, Basker-4 being completed. 15 Tipton West wells done of 85 planned. No new result.
6 June 2006drilling progress report● Neutral
Cooper reports Sellicks-3 at 775 m, the 9 5/8-inch casing point, conditioning the hole before running casing. No results yet.
5 June 2006drilling progress report● Neutral
Cooper reports Sellicks-3, spudded 4 June, at 493 m drilling ahead, to appraise the Patchawarra west of Sellicks-1. Beach 75% operator, Cooper 25%. No results yet.
30 May 2006drilling progress report▲ Good
Beach weekly report: Sellicks-2 TD with about 7 m Patchawarra oil pay and 3-6 m Poolowanna pay; Sellicks-3 to follow from the same pad. Basker-4 suspended; 15 Tipton West wells done.
30 May 2006farm in farm out agreement● Neutral
Great Artesian signs a farm-in with Red Sky Energy, which will fund an airborne geochemical survey and 60% of up to three wells to earn 20% of a block in PEL 91. Beach holds 40% of PEL 91 and operates it.
30 May 2006drilling result▲ Good
Sellicks-2 reached 2,160 m; logs show oil zones in the Poolowanna and Patchawarra, with further zones untested. The well will be completed as a multi-zone producer and expected on production in July 2006. Beach 75%, Cooper 25%.
26 May 2006farm in farm out agreement▲ GoodMajor
Beach and Great Artesian amend their farm-in: Beach funds three exploration wells and 142 sq km of 3D seismic, about A$7.5-8m, to earn 50% of a 180 sq km block of PEL 106. Tennyson-1 is due July 2006. Earlier terms gave no block interest.
24 May 2006drilling result▲ GoodMajor
Sellicks-2 test of the Poolowanna flowed oil at a preliminary 2,250-2,700 bopd with about 25% water. This is a new oil pool in the Sellicks field, which has so far produced only from the deeper Patchawarra. Beach 75%.
23 May 2006drilling progress report● Neutral
Cooper reports Sellicks-2 at 2,007 m with oil shows in several formations. The first test of the Poolowanna was a misrun, and a rerun is planned. Beach 75%.
23 May 2006drilling progress report● Neutral
Beach weekly report: Sellicks-2 at 2007 m, first test misrun and to be rerun; Basker-4 at 3535 m; 12 Tipton West wells completed. No new result.
16 May 2006drilling progress report● Neutral
Cooper reports Sellicks-2 at 1,386 m after setting surface casing, drilling towards the Patchawarra target. No results yet.
16 May 2006drilling progress report● Neutral
Beach weekly report: Sellicks-2 at 1386 m; Basker-4 at 3284 m; Basker-3 to be a gas injector; 11 Tipton West wells done, three rigs working. No new results.
11 May 2006drilling spud● Neutral
Beach spudded Sellicks-2 on 11 May, the first of two appraisal wells at the Sellicks field, testing for undrained oil near Sellicks-1, which has produced over 250,000 barrels. Planned depth is 2147 m. Beach 75%, Cooper 25%.
11 May 2006drilling spud● Neutral
Cooper reports Sellicks-2 spudded 11 May, 120 m south of Sellicks-1, targeting up-dip oil. Same information as Beach's release. Beach operates with 75%.
5 May 2006resource reserve update● NeutralMajor
Great Artesian reports Beach, as operator, estimates Kiana oil field recoverable reserves at 280,000 to 1.17 million barrels, 570,000 barrels at the middle estimate. Free-flow ceased in April with water; a pump is being installed. Beach holds 40%.
2 May 2006drilling progress report● Neutral
Beach weekly report: Silver Sands-1 reached 1967 m and will be cased as a future oil producer; Basker-3 logs show 75 m of pay; seven Tipton West wells done of 85. Repeats known results.
1 May 2006drilling progress report● Neutral
Cooper reports Silver Sands-1 reached total depth of 1,967 m, with no shows in the deeper Poolowanna. A second test of the Birkhead/Hutton is under way. Beach operates with 75%.
1 May 2006drilling result▲ Good
Anzon reports Basker-3 reached 4125 m with 75.3 m of hydrocarbon pay, the thickest of the four wells, and structure about 20 m high. Basker-2's extended test ends 14 May. Full field development cost is stated as A$304m (previously A$280m), targeting 25,000 bopd.
28 Apr 2006drilling progress report▲ Good
Cooper reports Silver Sands-1 at 1,637 m with strong oil fluorescence in the Birkhead/Hutton target section. Logs will confirm the extent, and a production test may follow. Beach operates with 75%.
26 Apr 2006drilling progress report▲ Good
Cooper reports Silver Sands-1 at 1,358 m with strong oil fluorescence in the Namur. An open-hole production test is next. Beach operates with 75%.
26 Apr 2006drilling progress report● Neutral
Beach weekly report: Silver Sands-1 at 1358 m with Namur oil shows; Harpoono-3 cased as a future injection well; Basker-3 at 3855 m; six Tipton West wells done. Repeats known results.
26 Apr 2006drilling progress report● Neutral
Beach says Silver Sands-1 reached 1358.3 m with oil shows at the top of the Namur, and is pulling out to run DST-1. Result to follow. Same information as Cooper's release.
21 Apr 2006drilling spud● Neutral
Cooper reports Silver Sands-1 spudded on 20 April, a near-field exploration well 1.5 km southeast of Christies, targeting Namur and Birkhead/Hutton oil to 1920 m. Beach operates with 75%.
20 Apr 2006drilling result▼ Bad
Stuart reports the second Harpoono #3 Murta test recovered 25 bbl water and 1 bbl oil. The well will be cased and suspended as a future injection well for pressure maintenance. Final drilling release; Beach holds 33%.