Beach Energy Completes Udacha-1 Well Stimulation, Flow Test in Cooper Basin

Rawson Resources Limited disclosed Wednesday the successful completion of the fracture stimulation and flow test of the Udacha-1 well in the Udacha license (PRL 26) in the Cooper Basin, South Australia.

Halliburton successfully completed the fracture stimulation Jan. 13, with flow test production commencing Jan. 15. Following five days of post fracture stimulation clean-up flow, a stabilized flow rate of 1.7 million standard cubic feet a day was achieved through a choke size of 24/64 inch at 650 pounds per square inch (psi) over a 24 hour period.

The Udacha Joint Venture is now assessing plans to proceed with connecting the Udacha-1 well into the nearby Middleton production facility. Once on stream, Udacha-1 will provide long term revenue to Rawson and its joint venture partners.

Rawson Resources holds a 10 percent interest in the PRL 26 (Udacha) Joint Venture, alongside Beach Energy (15 percent - Operator) and Drillsearch (75 percent) and looks forward to announcing the commencement of production from Udacha.

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