STU 0.00% 94.0¢ stuart petroleum limited

This is a good result.GAS and OILRead it again Sandy.DRILLING...

  1. 1,747 Posts.
    This is a good result.

    GAS and OIL

    Read it again Sandy.

    DRILLING REPORT: BEEVILLE # 1
    PEL 105, BEEVILLE BLOCK, COOPER/EROMANGA BASIN, SA

    Stuart Petroleum advises that DST #6 in the Paning formation over the interval
    2,218.5-2,222 metres flowed gas to surface at 1.0 million cubic feet per day at a
    flowing well head pressure of 300psi through a ½” choke with 70 barrels of
    condensate per day.

    Recovery from the drill string was 6.8 barrels of condensate and 0.5 barrels of rathole
    mud.
    Drilling operations will recommence later this afternoon and proceed to total depth.
    The status of Beeville #1 at 0600 hours (CSST) on 24th November 2004 was:
    Location: PEL 105, 52km north, north-east of Moomba
    Planned Total Depth: 2,355 metres
    Current depth: 2,222 metres
    Operations: Laying down test tools
    Spud: 12.30hrs CSST, 3 November 2004
    Participants in the Beeville Joint Venture are:
    Stuart Petroleum Limited (Operator) 20.0% (STU)
    Hughes & Hughes Australia Pty Ltd 53.3%
    Tri-C Resources Inc 26.7%
 
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