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Beach Energy's Western Flank Oil Discovery

March 10, 2015


 Stanleys‐1 exploration well successfully recovered oil from a seven metre gross oil bearing interval in the Birkhead Formation
 Bauer‐23 development well intersects the Namur Sandstone reservoir high to prognosis


Beach Energy Ltd informed that it had made a new Birkhead Formation oil discovery at Stanleys‐1 in PRL 171 (Beach 40% and operator, Drillsearch 60%). It has provided the following initial results from the first development well of the second Bauer Field pad drilling campaign.
  
Stanleys‐1

Located in PRL 171 (within the former PEL 91) on the Western Flank, the Stanleys‐1 exploration well is located 3.9 kilometres north‐east of the Balgowan‐1 oil discovery and 3.5 kilometres south‐west of the Spitfire Field.  

Stanleys‐1 reached total depth on 5 March 2015 with strong oil shows encountered through the Birkhead Formation.  Wireline logs indicated a seven metre gross reservoir interval corresponding to the strong oil shows.  A drill stem test over an interval from 1,713 metres to 1,724 metres (measured depth) recovered 23 barrels of oil over 117 minutes at a calculated rate of 280 barrels of oil per day. 

Consequently, Stanleys‐1 will be cased and suspended as a future oil producer. Once the well is cased and suspended, the Ensign 930 rig will move from Stanleys‐1 to  Longbottoms‐1, the next oil exploration well in the former PEL 91 permit.

Bauer‐23

The second four‐well pad drilling campaign commenced in the north of the Bauer Field in February 2015, targeting the highly productive Namur Sandstone reservoir and overlying McKinlay Member. 

Top hole batch drilling at Bauer‐20,  ‐21 and  ‐22 was completed in February, with Bauer‐23 subsequently drilled to total depth.
 

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