Delhi Petroleum Company News

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Beach Strikes Gas at Brownlow-1 in Cooper Basin
Monday, November 03, 2008Beach Petroleum has made another significant natural gas discovery in the Cooper basin in South Australia, intersecting a a high quality gas sand in the Brownlow-1 wildcat exploration well.

Beach Renegotiates Finance Facilities
Friday, June 01, 2007Beach Petroleum Ltd has renegotiated its finance facilities with the provision of a $A300 million syndicated term debt facility by the Commonwealth Bank of Australia and Societe Generale Australia Branch.

Beach Reports Best-ever Quarterly Revenue, Production
Thursday, April 26, 2007Beach Petroleum Ltd. has posted its best-ever quarter of oil and gas production and sales revenue with output reaching 2.31 million barrels of oil equivalent (boe - oil and gas production combined) and revenue totaling $A130.9 million.

Beach Joins Santos-led Cooper Oil Program
Thursday, March 22, 2007Economic oil reserves in under-explored areas of far southwest Queensland are to be targeted in a significant new drilling campaign announced Thursday by Beach Petroleum Limited.

Vicpet Cases, Suspends Wilpinnie-4 for Testing
Monday, January 29, 2007Victoria Petroleum said that drilling of the Wilpinnie-4 well has been suspeded for future completion and oil production testing. The drilling rig was released last Friday.

Vicpet, Partners Scratch Surface at Tomcat
Wednesday, January 10, 2007Victoria Petroleum N.L. said that under the terms of the PPL 93 Wilpinnie North Block Farmout Agreement with the PPL 93 Joint Venture, drilling of the Wilpinnie-4 well to test the Tomcat Prospect has commenced.

Management Changes on the Horizon for AWE
Monday, November 20, 2006AWE announced Monday that Bruce Phillips, the company's founder and managing director, will not be renewing his employment contract beyond November 2007.

Santos Reports Record Quarterly Production
Thursday, October 26, 2006Santos reported its highest ever quarterly production of 16.6 million barrels of oil equivalent (mmboe), placing the Company on track to achieve its annual production guidance of a record 60 to 61 mmboe for the full year.

Beach Reports Boost in Working Capital
Friday, October 13, 2006Beach Petroleum Limited’s working capital has been boosted by $49 million with the strong take-up by shareholders of the latest exercise of options.

Beach Petroleum Acquires Delhi Petroleum
Wednesday, September 06, 2006Beach Petroleum has acquired the Delhi Petroleum Group of companies. The transaction will deliver Beach Petroleum an average 21 percent interest in excess of 200 oil and gas fields.

Santos Learns of Unsolicited Bid for Delhi
Friday, July 28, 2006Santos refers to its ASX/media release dated July 17, 2006, relating to its agreement on the terms of acquisition of Delhi Petroleum Pty Ltd (Delhi Transaction).

Santos Acquires Delhi, Ups Stake in Cooper Basin
Monday, July 17, 2006Santos Ltd. on Monday said that it has reached an agreement on the terms of a $474-million acquisition of Delhi Petroleum Pty Limited. The deal will increase Santos’ stake in Australia’s Cooper Basin oil and gas fields.

Beach Spuds Reg Sprigg West-1 Well
Monday, May 17, 2004Beach Petroleum reports that the Reg Sprigg West-1 exploration well in the South Australian Cooper Basin was spud over the weekend.