Past year: ▲ 35%(6.17 – 8.62 AUD)
Each one in plain English, with the numbers worked through for a shareholder.
19 Aug 2009drilling progress report● Neutral
Beach's weekly report confirms Burnside-1ST1 was plugged and abandoned as planned and the rig is heading to Dampier. Cooper wells Charo-5 and Wackett-14 (Santos-operated) are cased and suspended as future producers. Routine.
19 Aug 2009resource reserve update▲ GoodMajor
ESG says certified 2P reserves at Narrabri (PEL 238, Santos 35%) rose 79% to 602 PJ at 30 June 2009 (from 336 PJ). The venture remains confident of at least 1,300 PJ 2P by end 2009, the target tied to Santos' July purchase.
18 Aug 2009drilling progress report● Neutral
ESG's bimonthly update on Narrabri PEL 238, where Santos holds 35%: Bibblewindi 27 reached 1,185 m and Bibblewindi 29 was spudded. Yallambee-1 has cut about 25 m of Maules Creek/Bohena coal. Routine drilling update.
13 Aug 2009drilling result▲ GoodMajor
Santos announces a gas discovery at Burnside-1ST1 in the Browse Basin, with a 65 m gross gas column in the Brewster Sandstone. This resolves the well pending since June. Santos holds 47.83%; commercial significance and an appraisal plan are still to come.
12 Aug 2009drilling result● Neutral
Beach reports Burnside-1ST1 found low-permeability sandstone in the Brewster Sandstone, interpreted as gas-saturated, and is being plugged and abandoned as planned. Santos holds 47.83%. Implications are still being assessed by the joint venture.
5 Aug 2009drilling progress report● Neutral
Beach's weekly report: Santos-operated Charo-4 in the Cooper Basin was plugged and abandoned, and Beach's Murninnie-1 was also abandoned. Burnside-1ST1 reached total depth of 4,182 m and is being evaluated, no result yet. Routine.
29 July 2009drilling progress report● Neutral
Beach's Murninnie-1 is drilling (not Santos). Santos-operated Burnside-1ST1 is drilling ahead at 3,849 m with no result yet. Santos-operated Charo-4 and Wackett-15 Cooper wells are in progress. Routine.
22 July 2009drilling progress report● Neutral
Beach's Willunga-1 was dry and abandoned (not Santos). Santos-operated Burnside-1ST1 is at 3,823 m, preparing to run casing. Psyche-6 Cooper well cased as a future gas producer.
15 July 2009drilling progress report● Neutral
Beach's Willunga-1 is drilling (not Santos). Santos-operated Burnside-1ST1 is drilling ahead at 2,780 m after the sidetrack. Santos Cowralli-11 being cased as a gas producer. Routine.
15 July 2009drilling progress report● Neutral
ESG's bimonthly report on Narrabri PEL 238 wells, where Santos is now 35% partner after the July deal. Bibblewindi 20 found 19.8 m of Bohena coal; Coonarah 9 confirmed favourable Hoskissons seam. Routine drilling update.
14 July 2009drilling spud● Neutral
Comet Ridge reports Santos-operated Scrubber Gully 1 coal seam gas core well spudded in the Mahalo block (ATP 337), targeting 445 m over about 11 days. Data will firm up contingent resource estimates. Comet Ridge holds 40%.
8 July 2009drilling progress report▼ Bad
Beach's Cheetima-1 was dry and abandoned (not Santos). Santos-operated Burnside-1 in the Browse Basin was sidetracked as Burnside-1ST1 because of mechanical issues, and is drilling at 2,320 m. Cooper gas wells continue.
1 July 2009drilling progress report● Neutral
Beach's weekly report: its Cheetima-1 oil well spudded (Beach 75%, not Santos). Santos-operated Burnside-1 in the Browse Basin reached 2,448 m and was pulling out to investigate intermediate casing issues. Mostly routine for Santos.
24 June 2009drilling progress report● Neutral
Beach's Butlers-1 found a 4.5 m oil column (Beach 75%, not Santos). Santos-operated Burnside-1 in the Browse Basin is drilling at 1,741 m toward 4,200 m. Cooper gas wells Cowralli-13 cased; Theta-2 running casing.
17 June 2009drilling progress report● Neutral
Beach reports Burnside-1 spudded 15 June in the Browse Basin, with Santos operating at 47.83% and a planned depth of 4,200 m. Perlubie South-1 found a 3 m oil column (Beach 75%, not Santos). Cooper gas wells continue. Mostly routine.
10 June 2009drilling progress report● Neutral
Beach's weekly report shows Perlubie South-1 spudded 8 June, the second well of its six-well PEL 92 oil program (not Santos). Santos-operated Cowralli-13 and Tindilpie-9 gas wells continue drilling. Routine.
3 June 2009drilling progress report▼ Bad
Beach's Tumby-1 (not Santos) found no hydrocarbons and is being plugged and abandoned. Perlubie South-1 is next. Santos-operated Cooper gas wells Cowralli-13 and Tindilpie-9 are drilling ahead. Routine.
27 May 2009drilling progress report● Neutral
Beach's Tumby-1 spudded 26 May as the first of six oil wells in PEL 92 (not Santos). Santos-operated Cowralli-10 is cased and suspended as a future gas producer; Tindilpie-8 at 3,161 m is being cased and suspended. Routine.
20 May 2009drilling progress report● Neutral
Beach's weekly report shows Cowralli-10 at 3,237 m TD preparing to log, and Tindilpie-8 at 3,071 m about to core, both Santos-operated Cooper gas wells. Beach's Tumby-1 oil well is now expected to spud on 26 May. Routine.
13 May 2009drilling progress report● Neutral
Beach's weekly report shows Cowralli-10 and Tindilpie-8 drilling in the Cooper Basin, both Santos-operated gas development wells. It also notes Beach's Tumby-1 oil well is due to spud around 25 May. Routine update.
6 May 2009drilling progress report● Neutral
Beach's weekly report shows Cowralli-12 cased and suspended at 3,239 m as a future gas producer. Tindilpie-10 reached 3,214 m and is being cased and suspended as a gas producer. Routine Cooper Basin update.
29 Apr 2009drilling progress report● Neutral
Beach's weekly report shows Cowralli-12 at 3,239 m, pulling out to run logs, and Tindilpie-10 at 2,320 m drilling ahead in the Cooper Basin. Santos operates both. Routine update.
22 Apr 2009drilling progress report● Neutral
Beach's weekly report shows Nephrite-2 cased and suspended as a future Patchawarra gas producer at 3,258 m. Cowralli-12 is at 2,106 m and Tindilpie-10 has spudded in the Cooper Basin. Routine update.
15 Apr 2009drilling progress report● Neutral
Beach's weekly report confirms South July-1 ST1 in Egypt was plugged and abandoned, rig released 13 April. Cooper Basin gas development wells continue, with Nephrite-2 at 3,258 m and Cowralli-12 spudded. Routine update.
8 Apr 2009drilling result● Neutral
The South July-1 sidetrack in Egypt reached 3,473 m with no hydrocarbon shows; the Yusr reservoir was water-saturated, so it is being plugged and abandoned. Santos, which opted out, avoided the cost; Beach held 33.33% and Dana 66.67%.
1 Apr 2009drilling progress report● Neutral
Beach reports the South July-1 sidetrack in Egypt at 3,386 m, running in hole with a new assembly; Santos is not in the sidetrack. Nephrite South-5 was cased as a future gas producer. Routine update.
25 Mar 2009drilling progress report● Neutral
Beach reports the South July-1 sidetrack in Egypt is drilling at 3,058 m; Santos, as operator, is not participating. Tindilpie-7 reached 3,248 m in the Cooper Basin. Routine update.
18 Mar 2009drilling result▼ BadMajor
South July-1 in Egypt reached 3,927 m with hydrocarbon shows at the top of the Yusr Member, but did not reach the Nubia target because the Lower Rudeis was thicker than expected. A sidetrack proceeds without Santos (40% operator), which opted out.
16 Mar 2009drilling progress report● Neutral
Carbon Minerals reports Santos completed the Barneys Spring 1A coreholes in the Gunnedah Basin (PEL 1) at 594.6 m, finding 26 m of coal in 21 seams. Santos is operator; further core holes are moving ahead. Routine update, no resource booking yet.
11 Mar 2009drilling progress report● Neutral
Beach reports South July-1 in Egypt (Santos 40% operator) is drilling ahead at 3,898 m, with no result yet. Fly Lake-26 reached 2,952 m in the Cooper Basin. Routine update.
