BEACH PETROLEUM NL 2002-07-25 ASX-SIGNAL-G
HOMEX - Adelaide
+++++++++++++++++++++++++
Beach Petroleum advises that the results of the DST 1 conducted this
morning are as follows:
DST 1:
2058.1 - 2071.7 metres in the Patchawarra Formation
TEST TYPE:
Conventional Off Bottom Drill Stem Test
RESULT:
Oil to surface in 13 minutes at a preliminary rate of 1780 barrels of
oil per day through a (1/2)" surface choke. the flowing Wellhead
pressure was steady at 177 psi. there were no indications of water.
Participants in the PEL 92 Joint venture are:
Beach Petroleum NL (Operator) 75%
Cooper Energy NL 25%
R Nelson
MANAGING DIRECTOR
OIL OIL OIL announcement
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