This could be part of the reason beach's SP is in free fall. Encounter fracture stimulation now due to early April.
Jan Drilling Report : A workover rig is milling out a packer within the Encounter-1 wellbore in PEL 218 (Beach 100%) to enable the commencement of fracture stimulation activities now expected to occur in mid February.
Feb Drilling Report: Workover operations have successfully cleaned out the Encounter-1 wellbore in PEL 218 (Beach 100%). Tubing will now be installed ready for the fracture stimulation activities which are now expected to occur in early April once the fracture stimulation crew has completed a program with the Cooper Basin Joint Venture (Beach 20.21%).
free fall
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