9 August 2005 Australian Stock Exchange Limited Companies Announcement Office Electronic Lodgement System Dear Sir, ANNOUNCEMENT TO ASX DRILLING REPORT: ACRASIA #4 PEL 90 / PPL 203, COOPER / EROMANGA BASIN, SA Stuart Petroleum Limited advises wireline logs have been run on Acrasia #4 and the rig is now preparing to run production casing prior to completing the well as a multi-zone oil producer. The status of Acrasia #4 at 06:00 hrs (CST) on the 9th August 2005 was: Location: PEL 90 / PPL 203, 160m east of Acrasia #1 Planned Total Depth: 2350 meters Current depth: 2339m (TD) Operation: POOH to run casing Spud: 13:30hrs 20th July 2005 Participants in the Acrasia #4 well are: Stuart Petroleum Limited (Operator) 75% (STU) Beach Petroleum Limited (Mawson Petroleum Pty Ltd) 25% (BPT) Yours faithfully, Tino Guglielmo Managing Director Level 7, 22 King William Street, Adelaide, South Australia 5000 Telephone: (08) 8410 0611 PO Box 8148, Station Arcade, Adelaide, South Australia 5000 Facsimile: (08) 8410 0250
STU Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
