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Beach Preps to Drill Australian Exploration Well at Penola Trough
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Beach Energy is prepping to drill a conventional onshore gas exploration well in the Penola Trough, Otway Basin in South Australia.
If a discovery is deemed to be commercial, Beach will enter bilateral negotiations with prospective South Australian customers for supply of gas from Haselgrove‐3 at prevailing market terms. The PACE grant remains subject to formal documentation being agreed.
The target is the onshore Otway Basin in South Australia.
Haselgrove‐3 will be drilled in PPL 62 (Beach 100%) close to Beach’s Katnook gas processing facility and pipeline network, and the SEA Gas transmission system. The well will target conventional gas and gas liquids in the Sawpit Sandstone Member. Haselgrove‐3 will not be fractured stimulated.
Depending on the scope of well design and…
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