Beach Petroleum Spuds Cowrie 1 Well

Beach Petroleum has spud the Cowrie 1 located in the onshore Otway Basin exploration permit PEL27 using the Century 7 rig.

Cowrie-1 is located approximately 25 kilometers southwest of Naracoorte and will test the oil potential of a fault dependent trap at the Sawpit Sandstone level. Its planned total depth is 1,408 meters and the well is expected to take about 12 days to drill and evaluate. Cowrie-1 is the first South Australian onshore Otway Basin oil well to be drilled since Jacaranda Ridge-1 discovered a sub-commercial Sawpit Sandstone oil pool in 1999.

Participants in the Cowrie-1 well are Beach Petroleum as operator with 30%; Original Energy Resources Limited with 50% and Essential Petroleum Resources with 20%.

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