a 3D seismec survey of the VIC/P46 as announced in the quartely activities report to 30th June 2008. " A 3D seismec survey was cunducted in May 2007 over a large complex structure hosting the Bernoulli prospect, INTERPRETATION OF THE DATA IS NEAR COMPLETION, the most prospective of Fermat and Bernoulli will be selected for drilling. The West Triton jack up rig is expected to spud in Dec 2008." So far no results have been released to market? Beach to commence drilling in december, doubt they would commence based on 2D Seimecs data ? not a top 40 shareholder, but if this information is available hopefully will be released prior to commencement of drilling. A positive way to look at the situation is BEACH PETROLEUM would not hold a 75% position if adequate data was not available. Hopefully time frame of Dec 2008 is met.
EPR Price at posting:
4.7¢ Sentiment: Buy Disclosure: Held