Beach Energy Limited

Beach Petroleum Limited (ASX:BPT)(PINK:BEPTF) drilling report for the week ending 28 October. Highlights of the week's activities include: The NS 394-3 [Burtocal North-1] oil exploration well (Beach 20%) is at a depth of 3224 metres. The current operation is tripping out of hole to change bit prior to drilling ahead towards reservoir target Nubia Formation. The NS 377-3 development well (Beach 20%) is at a depth of 2292 metres. The current operation is preparing to drill ahead towards extended reach target having set 9.625" casing.

Drillsearch Energy Limited (ASX:DLS)(PINK:DRLLF) is pleased to announce substantial increases in the resource estimates for the Western Cooper Gas & Liquids Project ("WCGL Project"). The project is based on the company's gas and liquids discoveries in PEL 106. Drillsearch owns and operates 100% of the eastern portion (503 km2) of PEL 106 and the south west portion of PEL 106 is the Beach Farmin Block held by Beach (50%) and the company (50%).

Beach Petroleum Limited (ASX:BPT)(PINK:BEPTF) ended the September quarter in a strong financial position with over A$150 million in cash and zero debt as the company consolidates its position as one of Australia's leading petroleum exploration and production companies.

Beach Petroleum Limited (ASX:BPT)(PINK:BEPTF) has moved to consolidate its position in Australia's developing unconventional gas sector through a farm-in deal with ASX listed petroleum exploration group, Icon Energy Ltd (ASX:ICN).

Beach Petroleum Limited (ASX:BPT)(PINK:BEPTF) and Sundance Energy Limited (ASX:SEA) will work together to pursue unconventional oil and gas reserves in Australasia and, possibly, in other parts of the world. The companies have signed a Memorandum of Understanding (MOU) to work together to identify, evaluate and acquire interests in unconventional oil and gas plays.

Beach Petroleum Limited (ASX:BPT)(PINK:BEPTF) drilling report for the week ending 21 October. Highlights of the week's activities include: The NS 394-3 [Burtocal North-1] oil exploration well (Beach 20%) is at a depth of 2998 metres. Current operation is rig repairs. The NS 377-3 development well (Beach 20%) is drilling ahead at a depth of 1601 metres towards its extended reach target.

Beach Petroleum Limited (ASX:BPT)(PINK:BEPTF) drilling report for the week ending 14 October. Highlights of the week's activities include: The NS 394-3 [Burtocal North] oil exploration well (Beach 20%) is drilling ahead at a depth of 2923 metres towards the primary reservoir objective Nubia Formation. The NS 377-3 production well (Beach 20%) is at a depth of 1198 metres. The current operation is preparing to drill ahead towards its extended reach target, having installed 13 3/8" casing.

Drillsearch Energy Ltd (ASX:DLS)(PINK:DRLLF) is pleased to announce approval for the installation of an extended production test (EPT) facility at the Chiton-1 well in the Cooper Basin (PEL-91). Drillsearch holds a 60% interest in Chiton-1, with Beach Petroleum holding the remaining 40%. The facility is designed to handle production of 1,000 BOPD and is expected to be commissioned and operational by the 31st of January 2010.

Beach Petroleum Limited (ASX:BPT)(PINK:BEPTF) drilling report for the week ending 7 October. Highlights of the week's activities include: The NS 394-3 [Burtocal North] oil exploration well (Beach 20%) is drilling ahead at a depth of 2725 metres towards the primary reservoir objective Nubia Formation.

Beach Petroleum Limited (ASX:BPT)(PINK:BEPTF) drilling report for the week ending 30 September. Highlights of the week's activities include: The NS 394-3 [Burtocal North] oil exploration well (Beach 20%) is drilling ahead at a depth of 2117 metres in the South Gharib Formation. Wakefield-1 (Beach 23.33% in Post Permian JV), has been cased and suspended pending further evaluation to establish whether commercial hydrocarbons have been intersected by the well.