Beach Energy Flows First Gas from Udacha Field in Cooper Basin

Beach Energy Ltd. commenced first production from the Udacha gas field in PRL 26 lincense in the Cooper Basin, South Australia, joint venture partner Rawson Resources Ltd. disclosed Monday.

The Udacha-1 well has been tied back as a producing well to the Middleton production facility, with initial production expected to stabilize at 1.0 million standard cubic feet per day (MMscf/d) and rising to 1.6 MMscf/d when compression is available at Middleton in early 2017.

"The commencement of production from Udacha-1 represents a significant milestone for Rawson. It is the first ever production for the Company, providing a revenue stream to Rawson," Rawson said in the press release.

Rawson has a 10 percent interest in the permit block and the Udacha-1 gas production will provide the firm with its first production revenues.



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