Beach Petroleum Says Sellicks-2 Intersects More Oil

Beach Petroleum says the Sellicks-2 well in Australia has drilled 140 meters in a deviated hole to reach a total depth of 2147m measured depth or 2135m true vertical depth (TVD). DST- 1A (1984 – 2007m), which was reported last week, flowed oil to surface at a final rate of 2685 barrels/day accompanied by water at 450 barrels/day and is a new-pool oil discovery in the Poolowanna Formation.

Since then, the well's primary target, the Patchawarra Formation, was intersected 5 meters updip of Sellicks-1 and wireline logs were acquired after reaching TD. This data shows that the reservoir interval is similar to Sellicks-1 and preliminary log interpretation indicates approximately 7 meters of oil pay in the Patchawarra and 3 to 6 meters in the Poolowanna.

In addition, two further sands within the Patchawarra are possibly oil-bearing, but could not be tested due to the hole limitations. It is planned to address this potential (up to 6m of oil pay) once production has been established from the Poolowanna and Lower Patchawarra intervals.

Currently casing is being run prior to completing the well as a multiple-zone oil producer.

The rig will then be skidded about 5 meters to spud Sellicks-3, a second deviated well to be drilled from the same drill pad.