another oil producer hooked up

9 August 2005
Australian Stock Exchange Limited
Companies Announcement Office
Electronic Lodgement System
Dear Sir,
ANNOUNCEMENT TO ASX
DRILLING REPORT: ACRASIA #4
PEL 90 / PPL 203, COOPER / EROMANGA BASIN, SA
Stuart Petroleum Limited advises wireline logs have been run on Acrasia #4 and
the rig is now preparing to run production casing prior to completing the well as a
multi-zone oil producer. The status of Acrasia #4 at 06:00 hrs (CST) on the 9th
August 2005 was:
Location: PEL 90 / PPL 203, 160m east of Acrasia #1
Planned Total Depth: 2350 meters
Current depth: 2339m (TD)
Operation: POOH to run casing
Spud: 13:30hrs 20th July 2005
Participants in the Acrasia #4 well are:
Stuart Petroleum Limited (Operator) 75% (STU)
Beach Petroleum Limited (Mawson Petroleum Pty Ltd) 25% (BPT)
Yours faithfully,
Tino Guglielmo
Managing Director
Level 7, 22 King William Street, Adelaide, South Australia 5000 Telephone: (08) 8410 0611
PO Box 8148, Station Arcade, Adelaide, South Australia 5000 Facsimile: (08) 8410 0250