Beach (ASX:BPT) provides Beharra Springs Deep update

Company News

by Anna Napoli

Beach Energy Limited (ASX:BPT) has completed flow testing at the Beharra Springs Deep-1 gas discovery in licence L11 in the Perth Basin.

The mining company says the Beharra Springs Deep-1 flow test confirms the presence of high quality Kingia Sandstone reservoir.

The well is expected to be tied into the existing Beharra Springs gas facility by the end of 2020.

The data obtained from well testing will be integrated with other subsurface data to enable estimation of the size of the gas resource and planning for potential follow-up appraisal drilling in FY21.

Shares in Beach Energy (ASX:BPT) are trading 0.38 per cent higher at $2.62.

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.