Company News Summary
Beach Energy Provides Monthly Drilling Report December 2016
Original announcement: Monthly Drilling Report December 2016
Beach Energy provided monthly drilling report for December 2016 stating that a two-well gas development program was completed in the Allunga Field. The Allunga structure is a four-way dip closure with reservoir properties similar to those of the neighbouring Big Lake Field. Allunga‐2 and Allunga‐3 were drilled from a single pad and targeted the Epsilon and Patchawarra formations. Both wells were cased and suspended as future producers, with Allunga-2 intersecting 48m of net pay across a 622 metre gross section, and Allunga-3 intersecting 62m of net pay across a 285 metre gross section. Results were in line with pre-drill estimates and support potential follow-on drilling as part of a broader field development plan.
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