Hydraulic stimulation has been successfully completed by Halliburton on Beetaloo Energy’s Carpentaria-5H well in Beetaloo Basin permit EP 187 following a 20-day campaign.

Key Metrics: 

• Length: 2,955 metres (9,695 feet) 
• Stages: 67 stages placed o Fluid intensity (avg): 52 bbl/ft – slickwater 
• Proppant intensity (avg): 2,295 lb/ft – sand 
• Proppant per stage (avg): 337,000 lbs

Objectives Achieved: 

• Health and Safety: no recordable or reportable incidents
• Pump rates: >100 bbl/minute average on multiple stages
• Design: fully slickwater with various perforation and pump strategies
• Stages Per Day: first 24-hour stimulation operation for Beetaloo Energy achieving >5 stages per day on multiple days during the campaign
• Logistics: successful automated conveyor-based wet-proppant delivery providing a pathway for future local sourcing

Beetaloo Energy will now undertake a coiled tubing run to clean out the well bore and initial flow back followed by shut-in for soak until mid-August.

Flow testing will commence following the soak period and IP30 flow rate results are expected by end September.

Beetaloo Energy’s cash at bank is $38.6 million.

KeyFacts Energy: Beetaloo Australia country profile