Beach Energy Limited

Beach Energy Limited (ASX:BPT) (PINK:BEPTF) provides the monthly drilling report for October 2011.

MEC Resources (ASX:MMR) is pleased to provide the following advice regarding investee company Advent Energy Ltd (Advent) and its 100% owned EP386 and RL1 permits in the onshore Bonaparte Basin. Advent's major shareholders include MEC Resources, BPH Energy (ASX:BPH), Talbot Group Investments and Grandbridge (ASX:GBA).

Beach Energy Limited (ASX:BPT) (PINK:BEPTF) advises that further detail is now able to be provided regarding the recent announcement to the ASX regarding hydrocarbon discoveries in the Western Desert in Egypt. Recent test results from both its GPZZ-4 and Al Ahmadi-1 wells indicate both gas and condensate flows.

Beach Energy Limited (ASX:BPT) (PINK:BEPTF) is pleased to release the monthly drilling report for September 2011.

Beach Energy Limited (ASX:BPT) (PINK:BEPTF) advises that following mapping work undertaken on the Bauer Field in PEL 91 (Beach - 40% and Operator, Drillsearch Ltd (ASX:DLS)- 60%), Beach anticipates the field has the potential to deliver mean recoverable reserves of around 3.5 million barrels (MMbbl) (gross), up from the initial estimate of 2.0MMbbl (gross).

Beach Energy Limited (ASX:BPT) (PINK:BEPTF) is pleased to provide the Monthly Drilling Report Ended 7 September 2011.

Beach Energy Limited (ASX:BPT) (PINK:BEPTF) advises it has secured two Ensign Australia Pty Ltd ("Ensign") rigs, Ensign#65 and Ensign#16, to drill both horizontal and vertical wells targeting its unconventional gas play in the Nappamerri Trough of the Cooper Basin. From recent drilling results, it is clear that the target zone in PEL 218 (Beach 90%) goes beyond shale and incorporates other lithologies that are also gas saturated. Beach believes, that in addition to the substantial shale gas potential, it is now dealing with an unconventional basin centred gas play.

Beach Energy Limited (ASX:BPT) (PINK:BEPTF) is pleased to announce discoveries from its two wells in the Egyptian Abu Sennan concession, with production testing on both wells continuing to assess volumes and commerciality. It is expected that there will be an expeditious tie-in of the wells due to the location of the wells being within 10 kilometres of existing pipeline infrastructure. Details regarding the outcomes of the flow testing from the wells will be advised in due course.

Beach Energy Limited (ASX:BPT) (PINK:BEPTF) advises it has signed an agreement with Senex Energy Limited (ASX:SXY) to tie-in the Growler Field (Beach 40%) to the Lycium oil field. It has also agreed with Senex to construct a trunkline from Lycium to the Moomba facility, however, the tie-in of this section remains subject to approval from the South Australian Cooper Basin (SACB) Joint Venture (~Santos Ltd (ASX:STO) 67%, Beach 20%, Origin Ltd 13%).

Beach Energy Limited (ASX:BPT) (PINK:BEPTF) announces a strategic alliance with Adelaide Energy Ltd (ASX:ADE) through a potential investment of A$12.1 million via a placement of both shares and options in the company.