South Australia

Dec. 5, 2006
Oil production began Nov. 18 from Callawonga-1, which operator Beach Petroleum NL, Adelaide, describes as the most westerly achieved in the Cooper/Eromanga region.

By OGJ editors

HOUSTON, Dec. 5 -- Oil production began Nov. 18 from Callawonga-1, which operator Beach Petroleum NL, Adelaide, describes as the most westerly achieved in the Cooper/Eromanga region.

Beach assesses P50 reserves to be 1.5 million bbl at Callawonga field, on PEL 92 about 7 km north of Christies oil field and 90 km northwest of Moomba.

Callawonga-1, drilled in July 2006 and cut 8 m of net oil pay in Jurassic Namur sandstone, was producing on free-flow at 2,100 b/d on Nov. 20.

Beach Petroleum 75% and Cooper Energy Ltd. 25% are continuing to explore PEL 92 using a recently acquired 3D seismic survey.