why the xcitement, page-17

When news is away the bots will play, they will have their day 'till the middle of May.

Spud Hanson-1 and 2 weeks later she's at TD. Almost at the same time the 2 shale wells get fracced. The bot will be playing his games and then sp goes stepping up again. Its a war of News v Bots. Bot cant compete against good news.
Test and hopefully complete Hanson and the rig moves immediately to the 2nd well in the 5 well exploration program. Good news will flow.


From Upstream Online:

Beach Primes Cooper Bit
Australian independent Beach Petroleum is preparing to spud the first of five planned wells in PEL 91 in the Cooper basin Western Flank oil fairway, onshore South Australia.

Josh Lewis 12 April 2011 02:18 GMT

Joint venture partner Drillsearch said the drilling rig Ensign-18 was rigging up and carrying out pre-drilling safety inspections at the Hanson-1 drilling site.

Hanson-1 is scheduled to be spudded next week and be drilled to a total depth of 1950 metres targeting the Namur sandstone, with secondary objectives in the Hutton sandstone and the Birkhead and Poolowanna formations.

Drillsearch said the Namur sandstone was a ?highly productive? oil reservoir in the Western Flank oil fairway which had been demonstrated with the recent Parsons, Callawonga, Perlubie, Butler and Chiton oil discoveries.

All five wells, which also include the Snellings, Searcy, Bauer and Arno prospects, are expected to take between 10-14 days to drill.

The Hanson, Snellings, Arno and Bauer prospects will all primarily target the Namur sandstone while the Searcy prospect will primarily target the Birkhead channel stratigraphic play.

Searcy is the largest oil prospect in the drilling programme, targeting mean unrisked gross recoverable prospective oil potential of 1.1 million barrels.

Drillsearch said Beach had already identified follow-up drilling locations to further pursue the Birkhead channel play should the Searcy prospect prove to be successful.

Drillsearch said in total the five well programme was targeting mean unrisked gross recoverable prospective oil potential of 3.5 million barrels.

It added a discovery at any of the five prospects could be commercialised quickly and provide immediate cash flow to the company due to its close proximity to exisiting infrastructure on the nearby Chiton oilfield.

Drillsearch holds a 60% stake in PEL 91 with operator Beach holding the remaining 40% interest.

Published: 12 April 2011 02:18 GMT | Last updated: 12 April 2011 02:18 GMT