From BPT weekly drilling report
Beach Operated Offshore Australia Program - South East Australia
Fermat-1, located in offshore Otway Basin Permit Vic/P46, is drilling ahead in the upper Belfast Mudstone at a depth of 2162 metres MDRT.
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%.