Beach Energy Limited

Beach Energy Limited (ASX:BPT) (PINK:BEPTF) drilling report for the week ending 10 February. Highlights of the week's activities include: The NS377-5 oil field development well (Beach 20%) is at a depth of 2,849m(MD). The well has intersected the top of the Kareem Formation oil column 110 metres above the defined oil water contact for the field and is currently drilling ahead to programmed total depth.

Drillsearch Energy Limited (ASX:DLS) (PINK:DRLLF) is pleased to announce that first commercial oil production has commenced at the Chiton Oil Field located in PEL 91 in the Western Flank Oil Fairway. The Chiton Oil Field is the first commercial oil discovery in PEL 91 and is owned by Drillsearch (60%) and Beach Energy Ltd (40% and operator). Chiton is a major project for Drillsearch and could potentially increase the Company's annual oil production by 200% in the near term.

Beach Energy Limited (ASX:BPT) (PINK:BEPTF) drilling report for the week ending 3 February, 2010. Highlights of the week's activities include: The NS 377-5 oil field development well (Beach 20%) is at a depth of 2209m(MD).

Beach Energy Limited (ASX:BPT) (PINK:BEPTF) is pleased to provide a drilling report for the week ending 27 January, 2010. Highlights of the week's activities include: The NS 377-5 oil field development well (Beach 20%) is drilling ahead at a depth of 2011m(MD).

Beach Energy Limited's (ASX:BPT) (PINK:BEPTF) international oil diversification and first-mover initiatives with its Cooper Basin shale gas strategy came strongly into view in the December quarter.

ABN Newswire stocks to watch today include: Galaxy Resources Limited (ASX:GXY) (PINK:GALXF), Image Resources NL (ASX:IMA) (PINK:IMREF), Havilah Resources NL (ASX:HAV), Drillsearch Energy Limited (ASX:DLS) (PINK:DRLLF) and Beach Energy Limited (ASX:BPT) (PINK:BEPTF).

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.

ABN Newswire stocks to watch today include: NewSat Limited (ASX:NWT) (OTC:NWTLY), Galaxy Resources Limited (ASX:GXY) (PINK:GALXF), iSOFT Group Limited (ASX:ISF) and Beach Energy Limited (ASX:BPT).

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.

ABN Newswire Stocks to Watch today include: iSOFT Group Limited (ASX:ISF), Mt Isa Metals Limited (ASX:MET), Rex Minerals Limited (ASX:RXM), NewSat Limited (ASX:NWT) (PINK:NWTLY), Carbon Energy Limited (ASX:CNX) (PINK:CNXAF), Linc Energy Limited (ASX:LNC) (PINK:LNCGY) and Beach Energy Limited (ASX:BPT) (PINK:BEPTF).