Beach Energy Limited

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.

ABN Newswire Stocks to Watch today include: Pan Asia Corporation Limited (ASX:PZC), Galaxy Resources Limited (ASX:GXY)(PINK:GALXF), Kingsoft Corporation Limited (HKG:3888), and Beach Energy Limited (ASX:BPT)(PINK:BEPTF).

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.

ABN Newswire Stocks to Watch today include: Krucible Metals Ltd (ASX:KRB), AuDAX (ASX:ADX)(PINK:ADXRF), Kingsoft Corporation Limited (HKG:3888) and Beach Petroleum Limited (ASX:BPT)(PINK:BEPTF).

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.

Beach Petroleum Limited (ASX:BPT)(PINK:BEPTF) today signed a Memorandum of Understanding (MOU) with the Toronto-listed downstream energy, infrastructure and services company to investigate opportunities for the development and commercialisation of Beach's unconventional Cooper Basin gas and petroleum liquids resources.

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.

Beach Petroleum Limited (ASX:BPT)(PINK:BEPTF) drilling report for the week ending 25 November. Highlights of the week's activities include: Production testing of NS377-3 (Beach 20%) Kareem Formation reservoir to provide data about fluid and reservoir properties has been completed. Logging information for Paralana-2 geothermal deep injector well (Beach, well Operator, earning 21%) has been acquired to 3,740m and is currently being evaluated.

Beach Petroleum Limited (ASX:BPT)(PINK:BEPTF) has moved to lock in future value for shareholders by capturing the early initiative in the rapidly developing unconventional gas industry, a development with the potential to dramatically extend the scale of operations in the Cooper Basin.

Beach Petroleum Limited (ASX:BPT) Managing Director Reg Nelson Address At Annual General Meeting.