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Beach Energy Provides Monthly Drilling Report December 2016

11 Jan 2017  |  13:54:00  |  Associate analysts  |  Increase  |  Decrease  |  

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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