Beach Petroleum Spuds Sellicks-2

Beach Petroleum has spud the Sellicks-2 appraisal well located in the Eromanga Basin, South Australia. Sellicks-2 is the first of two wells in a program to appraise the Sellicks Field. Since its discovery in July 2003 the Patchawarra Formation sandstones have produced more than 250 thousand barrels of oil from Sellicks-1, and continue to produce strongly. However, new 3-D seismic mapping suggests that the discovery well may not be optimally located on the field, and the two appraisal wells are designed to test the potential for undrained oil updip and offset from Sellicks-1. Both wells will be deviated from a single well site located adjacent to the established field facility.

The bottom-hole target for Sellicks-2 is located approximately 120 meters to the south of Sellicks-1. It has a planned total depth of 2147 meters, which is expected to be reached in 11 days.

Participants in the PPL 204 Joint venture are Beach Petroleum Ltd as Operator with 75% and Cooper Energy Ltd with 25%.