Beach Operated Offshore South East Australia Program
Fermat-1, located in offshore Otway Basin Permit Vic/P46, spudded on 13 December and is currently at a depth of 999 metres and pulling out of hole at 13.375" casing point. The well is targeting total mean potential gas resources of approximately 1 TCF in Waarre Formation and Flaxman Formation sands on the north eastern flank of the Normanby High.
Interests in Fermat-1 are Beach Petroleum Ltd, 50.00%, Essential Petroleum Resources Ltd, 25.00% and Mitsui E&P Australia Pty Ltd,
25.00%.
Beach Operated Offshore South East Australia Program Fermat-1,...
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