Beach Energy

Beach Energy produced first gas from the Udacha field in Production Retention License 26 of the Cooper Basin in South Australia. The Udacha-1 well was tied back to the Middleton production facility. Initial well production is expected to reach a stabilized rate of 1 MMscf/D and rise to 1.6 MMscf/d when compression at Middleton becomes available early next year. The company has a 90% interest in the well and is the operator. Rawson Resources holds the remaining interest in the well and with it has booked its first production revenue as a company.