DRILLING

Beach strikes Cooper oil

DESPITE continued flooding in the Cooper Basin, Beach Energy has managed to discover a new oil column in the Namur Sandstone from its Hanson-1 well.

James McGrath

The oil column measures 7 metres, with 5m of net pay. Preliminary volumetric assessment suggests up to 1 million barrels of recoverable oil, with oil shows also encountered over a 24m interval in the Birkhead...

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