TWO wells drilled by Beach Energy in South Australia’s Cooper basin have been cased and suspended as future oil producers as talk of a merger between the two companies advances.
Situated in Ex PEL 91, in which Beach holds a 40 per cent operating stake, the Bauer 24 well was drilled 80 kilometres west of the Moomba gas hub to appraise a possible extension of the Bauer field.
It was cased and suspended as a future producer after intersecting a three metre net oil column in the Namur Sandstone and a 3.5 metre gross oil bearing interval in the overlaying McKinlay Member.
Project partner Drillsearch, which holds a 60% stake in the permit area, said a second well, the Bauer 25, was suspended as a future producer after it hit a two metre net oil column in the Namur Sandstone and a 3.5 metre gross oil bearing interval in the McKinlay Member.
While Bauer 24 is the southern-most well in the Bauer Field, Bauer 25 is the most northern, the companies said, with both providing potential extensions to the field.
Beach said in its announcement that success at Bauer 25 could provide encouragement for further appraisal drilling in the area.