BPT 1.18% $1.72 beach energy limited

OIL OIL OIL announcement

  1. 1,217 Posts.
    BEACH PETROLEUM NL 2002-07-25 ASX-SIGNAL-G

    HOMEX - Adelaide

    +++++++++++++++++++++++++
    Beach Petroleum advises that the results of the DST 1 conducted this
    morning are as follows:

    DST 1:

    2058.1 - 2071.7 metres in the Patchawarra Formation

    TEST TYPE:

    Conventional Off Bottom Drill Stem Test

    RESULT:

    Oil to surface in 13 minutes at a preliminary rate of 1780 barrels of
    oil per day through a (1/2)" surface choke. the flowing Wellhead
    pressure was steady at 177 psi. there were no indications of water.

    Participants in the PEL 92 Joint venture are:

    Beach Petroleum NL (Operator) 75%
    Cooper Energy NL 25%

    R Nelson
    MANAGING DIRECTOR

 
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