Beach Energy commences a drilling programme in Australia

Beach Energy has provided the following update on its drilling programme in Australia.

Western Flank Oil

Beach commenced its FY17 operated drilling programme with the Hanson-4 development well. The well is located on the eastern culmination of the Hanson Field, approximately 85 km west-northwest of the Moomba processing facility, and targeted oil bearing reservoirs in the Namur Sandstone and overlaying McKinlay Member. The well also assessed potential for reservoir development in the Lower Birkhead Formation. Hanson-4 was cased and suspended as a future oil producer following intersection of approximately 3 m of net pay in the Namur Sandstone and 3 m of net pay in the McKinlay Member. These results were in-line with pre-drill estimates. The well is expected to be brought online in Q2 FY17.

The Stunsail-3 development well is being drilled to develop oil bearing reservoirs in the Namur and Mid-Namur Sandstone in the Stunsail Field, which is located approximately 85 km northwest of the Moomba processing facility. Stunsail-3 will also assess potential for reservoir development in the Lower Birkhead Formation. The well spudded on 29 August 2016 and is awaiting clearance of wet weather conditions before drilling ahead.

Western Flank Oil

The Callawonga-12 development well was drilled following a comprehensive review of the Callawonga Field. The field is located approximately 80 km west-northwest of the Moomba processing facility and the review indicated potential for various development initiatives, including Callawonga-12. The well was drilled to accelerate production from the Namur Sandstone and overlaying McKinlay Member, as well as appraise the northeast flank of the field. The top Namur Sandstone reservoir was intersected 2.4 m high to prognosis, with wireline logs indicating two m of net oil pay in the Namur Sandstone. Callawonga-12 was cased and suspended as a future oil producer and is expected to be brought online in Q2 FY17.

Exploration and appraisal

A five-well appraisal and development campaign progressed on the central flank of the Big Lake Field, which is located approximately 20 km southeast of the Moomba processing facility. The campaign aims to expand the central development area of the field and is targeting the Patchawarra Formation, Tirrawarra Sandstone and Merrimelia Formation, with the Epsilon Formation providing a secondary target. The campaign includes Big Lake-134, a standalone appraisal well, which was cased and suspended as a future Permian gas producer. The well intersected net gas pay of 143 m across a 681 m gross Permian section. Results were in line with pre-drill estimates and confirmed down-flank extension of gas reservoirs. The remaining wells (Big Lake-135 to -138 development wells) are being drilled from a single pad. Surface holes for Big Lake-136, to -138 were batched drilled and Big Lake-135 is currently drilling ahead to total depth.

For more information, please visit: http://www.beachenergy.com.au/

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