DRILLING

Kenmore-28 a winner for Beach

Beach Petroleum has once more vindicated its move to 100% ownership of the Kenmore oilfields in Queensland, as its Kenmore-28 well has yielded an 8.5 metre net oil column.

Kenmore-28 a winner for Beach

Beach said the Eromanga Basin well would be cased and completed as a Hutton Sandstone producer with flow testing expected tomorrow to confirm flow rates. Beach currently banks 1200 barrels per day (bopd) from the Kenmore field.

Wireline logs indicate that the well has penetrated 8.5 metres of net oil pay within a 9 metre gross oil column at the top of the Hutton Sandstone. The well will now be completed for oil production from the Hutton, with production expected to commence before the end of October.

A typical Kenmore well may flow between 500-1000 bopd but may halve in rate anywhere from three to six months. Kenmore-28 is situated in a more sparsely drilled area of the field and Beach will be hoping it will last longer than if it were in a heavier drilled, less pressured area.

Beach stock was up slightly to be trading at 39 cents yesterday.

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