Two New Cooper Basin Discoveries in South Australia
Drilling Activity Details
Drilling Activity Summary
Description
Beach Energy Ltd. of Adelaide reported two new Cooper Basin Western Flank discoveries in South Australia. The #1-Rincon is in the PEL 92 permit and hit a 5-meter gross oil column with 4.5 meters of net pay in the McKinlay/Namur sandstone section of the well. The preliminary volumetric assessment indicates up to 500,000 bbl. of recoverable oil (gross). Beach Energy is operator of #1-Rincon with 75% interest, with Cooper Energy, holding the remaining 25%. The #1-Bauer encountered a gross oil column of 15 meters, with 13 meters of net pay in the McKinlay/Namur sandstone section of the well. The preliminary volumetric assessment indicates the potential of the discovery could be approximately two million bbl. of recoverable oil (gross). Beach has a 40% interest in a partnership with Drillsearch Energy (60%). The #1-Rincon is the final well in its initial 11-well program in the PEL92 permit, and #1-Bauer is the third well in a five-well exploration program in PEL91 permit.
Beach Energy Ltd. of Adelaide reported two new Cooper Basin Western Flank discoveries in South Australia. The #1-Rincon is in the PEL 92 permit and hit a 5-meter gross oil column with 4.5 meters of net pay in the McKinlay/Namur sandstone section of the well. The preliminary volumetric assessment indicates up to 500,000 bbl. of recoverable oil (gross). Beach Energy is operator of #1-Rincon with 75% interest, with Cooper Energy, holding the remaining 25%. The #1-Bauer encountered a gross oil column of 15 meters, with 13 meters of net pay in the McKinlay/Namur sandstone section of the well. The preliminary volumetric assessment indicates the potential of the discovery could be approximately two million bbl. of recoverable oil (gross). Beach has a 40% interest in a partnership with Drillsearch Energy (60%). The #1-Rincon is the final well in its initial 11-well program in the PEL92 permit, and #1-Bauer is the third well in a five-well exploration program in PEL91 permit.