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Beach Energy Makes Poolowanna Discovery on PEL 91

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Beach Energy Makes Poolowanna Discovery on PEL 91

Beach Energy has announced a Western Flank oil discovery within the Poolowanna Formation in ex PEL 91 (Beach 100%).

September-1 targeted oil in a structural closure within the Namur Sandstone and tested the McKinlay Member, Birkhead Formation and Poolowanna Formation as secondary targets.

The well intersected an eight metre gross interval with oil shows within the Poolowanna Formation. A drill stem test was undertaken over the interval 1,927.8 metres to 1,936.0 metres and recovered 15.2 barrels of approx. 42 degree API oil from the drill string over a 1.5 hour flow period.

The flow rate was calculated to be 210 barrels of oil per day. September-1 has been cased and suspended as a future oil producer.

This discovery validates the Poolowanna Formation as an additional exploration target…

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