Beach Energy Limited

Beach Energy Limited (ASX:BPT) (PINK:BEPTF) announces monthly drilling report for the period ending 4 August 2010.

Beach Energy Limited (ASX:BPT) (PINK:BEPTF) has executed Sale and Purchase agreements which will, subject to Egyptian regulatory authority approval and endorsement, give it exposure to new oil exploration opportunities in two highly prospective Egyptian onshore concessions.

Drillsearch Energy Limited (ASX:DLS) (PINK:DRLLF) is pleased to announce its quarterly report for the period ended 30 June 2010.

Beach Energy Limited (ASX:BPT) (PINK:BEPTF) releases quarterly report for the period ending 30 June 2010.

Adelaide Energy Limited (ASX:ADE) releases Fourth Quarter Activities Report ended 30 June 2010.

Beach Energy Limited (ASX:BPT) (PINK:BEPTF), through its wholly owned subsidiary Beach (USA) Inc. (Beach), has increased its exposure to the South Antelope oil prospect located in the Bakken Shale, North Dakota, USA.

Drillsearch Energy Limited (ASX:DLS) (PINK:DRLLF) is pleased to announce that the Watson West-1 exploration well has encountered sufficient pay to be cased and suspended as a future oil producer in the Basal Birkhead Formation.

Drillsearch Energy Limited (ASX:DLS) (PINK:DRLLF) is pleased to announce preliminary testing results for the Canunda Wet Gas discovery in PEL 106B which is owned by DLS (50%) and Beach Energy Limited (ASX:BPT) (PINK:BEPTF) (50%) as operator.

As indicated in its ASX Release of 23 June, Beach Energy Limited (ASX:BPT) (PINK:BEPTF) is now reporting on its routine drilling activities on a monthly rather than a weekly basis. Reporting will be made on the first Wednesday of each month. To meet its Listing Rule obligations, Beach will continue to make immediate disclosure to ASX of material issues, as required.

Beach Energy Limited (ASX:BPT) (PINK:BEPTF) is pleased to announce that today it entered into a nonbinding memorandum of understanding (MOU) with ITOCHU Corporation (TYO:8001) (PINK:ITOCY) of Japan to investigate and discuss the potential for a future business arrangement in connection with supply of gas from Beach's onshore Australian portfolio to a potential integrated LNG project.