Beach Energy Limited
(ASX:BPT) shares have been pushed higher as its shale gas assets in the Cooper Basin have shown a strong flow rate of production.
New test results have revealed the well’s total flow rate is over two million standard cubic feet a day.
The company says it plans to drill more vertical wells in the second half of the year.
Beach Energy generated a net profit of $56 million in the first half of its 2012 financial year.
