Gas at basin project

GAS has begun flowing at the Middleton Brownlow wet gas project in South Australia's Cooper Basin.

By InvestSMART ·
10 Jan 2012

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GAS has begun flowing at the Middleton Brownlow wet gas project in South Australia's Cooper Basin.

Operators Beach Energy and Drillsearch Energy struck a sales agreement in November to sell the gas to South Australian Cooper Basin joint-venture partners Santos (66 per cent), Delhi Petroleum (20.2 per cent) and Origin Energy (13.2 per cent).

The initial production rate includes 1250 barrels a day of liquefied petroleum gas and 25 million standard cubic feet comprising about 15 terajoules of sales gas. The Cooper Basin has been the main supplier of gas to the east coast for more than 40 years.

Drillsearch shares closed flat at 87.5?, while Beach Energy stocks were 1? weaker at $1.29.

Gas at basin project

GAS has begun flowing at the Middleton Brownlow wet gas project in South Australia's Cooper Basin.

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