Beach Energy Limited

Beach Petroleum Limited (ASX:BPT)(PINK:BEPTF) advises that it has entered into a Farmin Agreement with Adelaide Energy Limited (ASX:ADE) under which Beach will acquire a 90% interest in PEL 218, in the Cooper Basin, northeastern South Australia.

Beach Petroleum Limited (ASX:BPT)(PINK:BEPTF) advises that it has entered into a Farmin Agreement with Adelaide Energy Limited (ASX:ADE) under which Beach will acquire a 90% interest in PEL 218, in the Cooper Basin, northeastern South Australia.

Beach Petroleum Limited (ASX:BPT)(PINK:BEPTF) The drilling report for the week ending 20 May, 2009. The Ensign 30 rig has commenced its move to Tumby-1 in PEL 92. The well is expected to spud on 26 May. Interests in Tumby-1 are Beach Petroleum Ltd (75%) and Cooper Energy Ltd (25%).

Beach Petroleum Limited (ASX:BPT)(PINK:BEPTF) further to the ASX release on 3 April 2009, the directors of Beach Petroleum Limited (Beach) are pleased to announce that the Company has today completed the sale of its 40% interest in the Tipton West Joint Venture coal seam gas ("CSG") asset to Arrow Energy Limited (Arrow), for consideration of up to A$400 million.

Australian shares gained 1.3% on Friday but still lost 4.3% for the week. The benchmark S&P/ASX200 index was 49.8 points, higher at 3773.2 and the broader All Ordinaries index was also up 1.3%, or 48.1 points, at 3758.9. The local market is expected to soften on jitters over the US economy.

Beach Petroleum Limited's (ASX:BPT)(PINK:BEPTF) drilling report for the week ending 13 May, 2009.

Yesterday Australian market was marginally higher, boosted by rally overseas. The benchmark S&P/ASX200 gained 7.4 points, or 0.19 per cent, at 3890.4, while the broader All Ordinaries rose 16.2 points, or 0.42 per cent, to 3862.2.

Beach Petroleum Limited (ASX:BPT)(PINK:BEPTF) announces its intention to make a $50.0 million conditional offer (the "Offer") for Drillsearch Energy Limited. ("Drillsearch," ASX:DLS).

Beach Petroleum Limited's (ASX:BPT)(PINK:BEPTF) confidence in the oil potential of the Cooper Basin has been vindicated by record production from its widespread interests in the region, particularly on the western flank.

Beach Petroleum Limited (ASX:BPT)(PINK:BEPTF) Announce subsequent to the quarter, on 3 April 2009, Beach announced the sale of its 40% joint venture interest in the producing Tipton West Field and associated tenements in the Surat Basin, 20 km south of Dalby, to Arrow Energy Limited, under a tiered payment structure.