17 Mar 2006drilling spud● Neutral
Beach confirms Christies-4 spud on 17 March, targeting the Birkhead/Hutton oil pool south-east extension to 1684 m. Beach is switching to weekly drilling reports on Tuesdays.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
17 Mar 2006drilling spud● Neutral
Christies-4 spudded at midnight on 17 March and has drilled to 47 m. Beach holds 75% and Cooper Energy 25%. Routine appraisal well in the existing Christies oil field.
15 Mar 2006drilling scheduled● Neutral
Cooper Energy says Christies-4, an oil appraisal well in the Christies field, should spud 17 March using Century 3. Planned depth is 1684 m, taking 8-10 days.
10 Mar 2006drilling scheduled● Neutral
Beach's final Middleton-1 report: rig being released and moving about 30 km west to Christies-4, expected to spud around 17 March. Beach holds 75% of Christies, Cooper Energy 25%.
9 Mar 2006drilling progress report● Neutral
Great Artesian's final Middleton-1 report: casing is being run before rig release. Gas zones, including the 11.8 mmcf/d interval, may get cased-hole testing within 2-3 months depending on equipment.
9 Mar 2006drilling progress report● Neutral
Beach reports Middleton-1 at 2841 m, running 7-inch production casing. Routine, no new result.
6 Mar 2006drilling progress report● Neutral
Beach says Middleton-1 is preparing a second drill stem test (DST 2) over 2653-2663 m in the Patchawarra Formation. Results will follow; the earlier test had misrun.
6 Mar 2006drilling progress report● Neutral
Great Artesian says weekend wireline logs on Middleton-1 indicate several possible gas zones in the Patchawarra. An inflate-straddle test (DST-2) will run over 2653-2663 m. No result yet.
3 Mar 2006drilling progress report● Neutral
Beach reports Middleton-1 still at 2841 m total depth, preparing to run wireline logs. No new information.
3 Mar 2006drilling progress report● Neutral
Great Artesian repeats Beach's update: Middleton-1 at 2841 m, preparing to log, with several sands showing elevated gas readings. Routine, no result yet.
2 Mar 2006drilling progress report● Neutral
Great Artesian repeats that Middleton-1 reached total depth of 2841 m in the Merrimelia Formation, with several sands showing elevated gas readings. Wireline logs are about to run; no test result yet.
2 Mar 2006drilling progress report● Neutral
Middleton-1 reached total depth of 2841 m, shy of the planned 2895 m, and Beach is preparing to run wireline logs. Whether the well found hydrocarbons is not yet stated.
1 Mar 2006drilling progress report● Neutral
Beach reports Middleton-1 at 2749 m, drilling ahead in the Patchawarra Formation. Routine progress.
1 Mar 2006drilling progress report● Neutral
Great Artesian reports Middleton-1 at 2749 m, drilling ahead in the Patchawarra Formation towards a planned 2895 m. Routine progress.
28 Feb 2006drilling result● Neutral
Middleton-1's first drill stem test over 2653.0-2666.6 m was misrun because the tool plugged, so there is no flow result. The sand will be evaluated from wireline logs instead, and drilling resumes.
28 Feb 2006drilling progress report● Neutral
Great Artesian repeats Beach's report that Middleton-1's DST-1 misran due to tool plugging. Drilling ahead resumes at 2667 m, with the sand to be evaluated from logs.
27 Feb 2006drilling progress report● Neutral
Great Artesian reports Middleton-1 at 2667 m after Patchawarra sandstones showed elevated gas readings. A drill stem test is planned over 2653.0-2666.6 m. Routine progress, no result yet.
27 Feb 2006drilling progress report● Neutral
Beach reports Middleton-1 at about 2666 m, preparing to run DST-1 over 2653.0-2666.6 m in the Patchawarra Formation. No result yet.
24 Feb 2006drilling progress report● Neutral
Beach reports Middleton-1 at 2445 m, preparing to drill ahead after a bit change. Routine progress.
23 Feb 2006drilling progress report● Neutral
Beach reports Middleton-1 at 2385 m, drilling ahead in the Epsilon Formation. Routine progress.
22 Feb 2006drilling progress report● Neutral
Beach reports Middleton-1 at 2190 m, drilling ahead in the Poolowanna Formation. Routine progress.
21 Feb 2006drilling progress report● Neutral
Beach reports Middleton-1 at 1931 m, drilling ahead in the Adori Sandstone. Routine progress.
20 Feb 2006drilling progress report● Neutral
Great Artesian repeats Beach's 20 February Middleton-1 report: 1543 m, drilling ahead in the Oodnadatta Formation, targeting 2895 m. Prospect could hold up to 3 million barrels of oil or 15 BCF of gas (P10). Routine progress.
20 Feb 2006drilling progress report● Neutral
Beach reports Middleton-1 at 1543 m, drilling ahead in the Oodnadatta Formation. Routine progress.
20 Feb 2006drilling progress report● Neutral
Anzon reports Manta-2A was perforated over 34 m of oil zones and fitted with 4.5-inch tubing. It will be flowed briefly, then closed in until Q3 2006, when it is tied back to the FPSO. Beach holds 50%.
17 Feb 2006drilling progress report● Neutral
Great Artesian reports Middleton-1 at 749 m, washing and reaming before pulling out to run 9 5/8-inch surface casing. Routine progress.
17 Feb 2006drilling progress report● Neutral
Beach reports Middleton-1 at 749 m preparing to run 9 5/8-inch surface casing. Routine progress.
16 Feb 2006drilling spud● NeutralMajor
Beach spudded Middleton-1 on 15 February, now at 360 m, planned to 2895 m in about 20 days. It is 6 km southeast of the Udacha-1 gas discovery; Beach funds it and holds 50%, Great Artesian 50%.
16 Feb 2006drilling progress report● Neutral
Great Artesian reports Middleton-1 spudded at 1530 hrs on 15 February and is at 360 m drilling ahead. The prospect could hold up to 3 million barrels of oil or 15 BCF of gas (P10).
13 Feb 2006drilling result▲ GoodMajor
Manta-2A, the replacement for the failed Manta-2, reached 3113 m and found 32.6 m of oil sand and 27.4 m of gas sand. That is about 25% more oil sand than Manta-1; the 7-inch liner is set and completion is next. Beach holds 50%.