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TWO MORE WELLS FROM AUSTRALIA'S OTWAY BASIN TO BEGIN PRODUCTION.

AsiaPulse News

| May 01, 2002 | COPYRIGHT 2002 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

PERTH, May 1 Asia Pulse - Adelaide-based Beach Petroleum NL (ASX:BPT) today said another two wells would be brought into commercial production from Otway Basin.

The Croft-1 and Naylor-1 wells, in which Beach has a 10 per cent interest, will be brought into production next month.

The additional gas volumes follow the start-up of gas supply into Melbourne in March from the onshore McIntee-1 well near Port Campbell.

Output from McIntee-1 marked the first gas revenue for the company in more than 20 years and contributed 25 terrajoules in gas sales to Beach in the first ...

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Source: HighBeam Research, TWO MORE WELLS FROM AUSTRALIA'S OTWAY BASIN TO BEGIN PRODUCTION.

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