Beach advises a new field oil discovery, with a 4.5 metre oil column encountered at Mustang-1 in PEL 111, flowing at equivalent of almost 2,500 bopd from DST Beach Energy Limited (ASX: BPT, "Beach") has been advised by the operator, Senex Energy Limited (ASX: SXY, "Senex"), of a new field oil discovery at the Mustang-1 exploration well in PEL 111 (Beach 40%, Senex 60%).

The Mustang-1 well encountered a gross oil column of 4.5 metres, with 4 metres of net pay, in the Birkhead Sandstone section of the well. The interval was drill stem tested, with oil coming to surface after 23 minutes at 2,484 barrels per day with an API of 45.4 degrees. The well is to be cased and suspended as a future oil producer.

Tags: Beach Energy