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Beach Energy announces new Birkead Formation oil discovery


Published Mar 11, 2015
Beach Energy Limited

Beach Energy Ltd advises of a new Birkhead Formation oil discovery at Stanleys-1 in PRL 171 (Beach 40% and operator, Drillsearch 60%) and provides initial results from the first development well of the second Bauer Field pad drilling campaign.

Stanleys-1

Located in PRL 171 (within the former PEL 91) on the Western Flank, the Stanleys-1 exploration well is located 3.9 kilometres north-east of the Balgowan-1 oil discovery and 3.5 kilometres south-west of the Spitfire Field.

Stanleys-1 reached total depth on 5 March 2015 with strong oil shows encountered through the Birkhead Formation. Wireline logs indicated a seven metre gross reservoir interval corresponding to the strong oil shows. A drill stem test over an interval from 1,713 metres to 1,724 metres (measured depth) recovered 23 barrels of oil over 117 minutes at a calculated rate of 280 barrels of oil per day. Consequently, Stanleys-1 will be cased and suspended as a future oil producer.

Tags: Beach Energy Limited




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