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BEACH ENERGY LIMITED — Capital/Financing Update 2012
Aug 13, 2012
64558_rns_2012-08-13_64ce064c-be2b-4d0c-9c61-d2bfac4d5109.pdf
Capital/Financing Update
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ASX Announcement
Appraisal success continues with the Snatcher-6 oil well on the South Australian Cooper Basin western flank
Release Date: 14 August 2012
Senex Energy Limited (Senex), as operator of the PEL 111 joint venture in the South Australian Cooper Basin, has cased and suspended the Snatcher-6 oil appraisal well after successfully intersecting over ten metres of gross oil column.
The Snatcher-6 appraisal well was drilled as a deviated well to intersect the mid-Birkhead Formation reservoir 166 metres to the north-east of its surface location. The well was spudded on 30 July 2012 and reached a total measured depth of 1,885 metres on 8 August 2012.
Wire line logs confirmed the presence of a 10.5 metre (vertical thickness) gross oil column in the Birkhead Formation over the interval 1,774.8 to 1,785.8 metres (vertical depth) with interpreted net oil pay of 5.2 metres (vertical thickness).
Snatcher-6 is the first well of a continuing appraisal program of the Snatcher oil field as part of the exploration and appraisal campaign for the 2012/13 financial year on the western flank of the Cooper Basin.
Ensign Rig 48 is now moving to the Tomcat-1 exploration well location in PEL 111.
Senex holds a 60% interest in PEL 111 and is the Operator of the joint venture. The remaining 40% interest is held by Beach Energy Limited.
For further information contact:
Ian Davies Managing Director Senex Energy Limited Phone: (07) 3837 9900
Senex Energy Limited Head Office ABN 50 008 942 827 Level 11, 144 Edward St, Brisbane Qld 4000 T +61 7 3837 9900 GPO Box 2233, Brisbane Qld 4001 F +61 7 3837 9999
[email protected] senexenergy.com.au
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ASX Announcement
Figure 1: Location of Snatcher-6
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Senex Energy Limited Head Office ABN 50 008 942 827 Level 11, 144 Edward St, Brisbane Qld 4000 GPO Box 2233, Brisbane Qld 4001
T +61 7 3837 9900 F +61 7 3837 9999
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senexenergy.com.au