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%
STU Price at posting:
0.0¢ Sentiment: None Disclosure: Held