https://www.miningweekly.com

Beach makes discovery in Perth basin

28th October 2019

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – The share price of ASX-listed Beach Energy jumped Monday on the announcement of a new conventional gas discovery in the Perth basin.

The new discovery was made at the Beharra Springs Deep-1, in which Beach holds a 50% interest.

The well is located some 15 km southwest of the West Erregulla-2 well, and has been drilled to a total depth of 4 170 m and intercepted a 65-m-thick reservoir internal of the Kingia Sandstone at a depth of 3 935 m to 4 000 m, with an estimated net gas pay of 36 m.

“Perth basin is a key growth asset in the Beach portfolio. The results at Beharra Springs Deep is further validation of the basin’s conventional gas potential within the Kingia formation,” said Beach MD Matt Kay.

“Our near term plans include the expansion of Waitsia Stage 1, reaching final investment decision on Waitsia Stage 2 and acquisition of the Trieste 3D seismic survey over the coming months to high-grade a number of prospects and leads as future drilling candidates.”

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

ABB Electrification
ABB Electrification

Electrifying the world in a safe, smart, and sustainable way, ABB Electrification is a global technology leader in electrical distribution and...

VISIT SHOWROOM 
Environmental Impact Management Services
Environmental Impact Management Services

EIMS is an independent specialised environmental consulting firm offering the full spectrum of environmental management services across all sectors...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.052 0.878s - 128pq - 2rq
Subscribe Now