Origin Energy Limited

Beach Energy Limited (ASX:BPT) (PINK:BEPTF) drilling report for the week ending 20 January, 2010 is attached. Highlights of the week's activities include: The NS 377-5 oil field development well (Beach 20%) is at a depth of 920 metres. 13 3/8 inch casing has been run and cemented and the blowout preventer is being installed.

The Australian shares closed with little change on Friday. The market rebounded from early losses as a surprise guidance upgrade by Commonwealth Bank pushed the financial sector higher in late trade. The benchmark S&P/ASX200 index gained 1.6 points to 4899.6, while the broader All Ordinaries index added 0.1 point to 4929.5.

The Nafta-1 rig has been moved to the NS 377-5 oil development well drill location (Beach 20%). NS 377-5 is designed to access oil in the Kareem Formation updip and to the north of the recently drilled and successful NS 377-3 oil development well. As with the NS377-3 well, NS 377-5 will be a high angle, deviated well, drilled from an onshore location. The well is expected to spud early next week.

Beach Energy Limited (ASX:BPT) (PINK:BEPTF) drilling report for the week ending 23 December. Highlights of the week's activities include: Oil development wells Narcoonowie-8 (Beach 20,21%) and Tickalara-21 (Beach 30%) were cased and suspended as successful oil wells during the week.

The Australian share market closed lower on Friday hit by National Australia Bank and Telstra. At close, the benchmark S&P/ASX200 index fell 19.8 points, or 0.42 per cent, to 4650.5 while the broader All Ordinaries lost 17.7 points, or 0.38 per cent, at 4671.9. The Australian dollar fell to a fresh 10-week low on Friday and closed at US$0.8888.

Beach Energy Limited (ASX:BPT)(PINK:BEPTF) drilling report for the week ending 16 December, 2009 are attached. Highlights of the week's activities include: Paralana-2 (GEL 178) has been successfully cased and cemented to a depth of 3725 metres and the rig was released on 12 December.

Beach Petroleum Limited (ASX:BPT)(PINK:BEPTF) drilling report for the week ending 9 December. Highlights of the week's activities include: The running of the 7" casing string at Paralana-2 (GEL 178) has commenced. Well completion and rig release is expected to occur in mid to late December 2009.

Australian market Monday ended lower in a thin trade led by resources stocks, as commodities prices dropped on a sharp rise in US dollar. At the close, the benchmark S&P/ASX200 index fell 25.7 points, or 0.6 per cent, at 4676.5, while the broader All Ordinaries lost 26 points, or 0.6 per cent, to 4695.2.

US shares fell on Thursday as the services sector index declined unexpectedly in November. The contraction also hurt sentiment ahead of the release of unemployment figure.

Beach Petroleum Limited (ASX:BPT)(PINK:BEPTF) The drilling report for the week ending 2 December. Highlights of the week's activities include: NS377-4 (Teen) is scheduled to spud on 4 December. Operations at Paralana-2 have resumed after a week of waiting on roads to dry following heavy rainfalls in the basin.