Beach reports another oil discovery

Beach Petroleum Limited says that yet another successful well on the Patchawarra West Flank of the Cooper Basin shows that the region still holds great potential as Australia’s premier onshore petroleum province.

Beach announced today that its Parsons-2 well is to be capped as a producer and connected to pipeline infrastructure for first commercial oil flows from May this year.

Beach is demonstrating the considerable upside yet remaining in the Cooper Basin - Australia’s most prolific onshore petroleum production region - particularly as both the Parsons and Callawonga fields have exhibited high initial flow rates, Beach Petroleum’s Managing Director, Mr Reg Nelson, said.

It’s significant that the Parsons and Callawonga fields are the furthest west commercial discoveries to date by any explorer in the Cooper Basin - and the area remains very underexplored, he said.