Beach Energy Strikes Gas in Cooper Basin

Beach Energy has discovered gas and gas liquids in its Coolawang-1 exploration well in PEL 106B, the company said.

Coolawang-1 exploration well was spudded on February 9 and reached a target depth of 2,864 metres. 

Furthermore, pressures indicate the potential for a 20 metre column of gas, confirming that the sand is a stratigraphic trap analogous to the currently producing Middleton and Brownlow Fields, which are 13 kilometres to the south. 

Wireline data indicates the presence of other Patchawarra sands that are highly prospective for gas. These will be tested as part of an extended production test that is expected to confirm the volumetric and commercial potential of the well/field.

The Coolawang-1 well is located 2.3 kilometres north of the liquids rich Canunda-1 gas field. Subject to commerciality, the two fields may be developed together. Coolawang-1 is the third in a four well exploration drilling program in PEL 106B, targeting stratigraphic traps in the Patchawarra formation in close proximity to existing gas discoveries.