BEACH PETROLEUM NL 2002-08-15 ASX-SIGNAL-G
HOMEX - Adelaide
+++++++++++++++++++++++++
DRILLING REPORT: MASLINS-1
(PEL-94, COOPER/EROMANGA BASIN, S A)
Beach Petroleum advises that the status of Maslins-1 at 0600 hours
(CST) on 15 August 2002 was:
Depth: 1086.6 metres
Operation: Preparing to conduct a DST over 1067-1086.6m in the
Murta Formation following indications of hydrocarbons
whilst drilling.
The results of this test will be communicated to the market when they
become available.
Participants in the PEL 94 Joint venture are:
Beach Petroleum NL (Operator) 50%
Magellan Petroleum Australia Ltd 50%
R Nelson
MANAGING DIRECTOR
Level 1, 25 Conyngham Street, Glenside South Australia 5065
GPO Box 175 Adelaide 5001
Telephone (618) 8338 2833
Facsimile (618) 8338 2336
Beach Petroleum NL
ABN 20 007 617 969
www.beachpetroleum.com.au
A copy of the full announcement (with Time Depth Chart) is available
in PDF format on www.asx.com.au. Alternatively it is available for
purchase from ASX Customer Service on 1 300 300 279
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