Cooper Energy Limited

The Australian share market begins the week with a slightly stronger opening without being affected by a flat lead from Wall Street. In early trade, Gold and Financial stocks were positive after the opening bell.

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.

Beach Petroleum Limited (ASX:BPT)(PINK:BEPTF) drilling report for the week ending 23 September, 2009 are attached. Highlights of the week's activities include: Wakefield-1 (Beach 23.33% in Post Permian JV), targeting oil in the Namur and Hutton Sandstones, has reached total depth at 2298 metres in the Nappamerri Formation and is preparing to run wireline logs. The NS 394-3 [Burtocal North] offshore oil exploration well (Beach 20%) has reached a depth of 1315 metres and is running intermediate casing.

Beach Petroleum Limited (ASX:BPT)(PINK:BEPTF) drilling report for the week ending 16 September 2009, highlights of the week's activities include: Spikey Beach-1 (Beach 80% in Spikey Beach Farmout Blocks) targeting oil in the Upper Eastern View Group reached final total depth of 2100m MDRT on 14 September. The NS 394-3 [Burtocal North] offshore oil exploration well (Beach 20%) is drilling ahead at a depth of 672 metres after spudding on 14 September. Wakefield-1 (Beach 23.33% in Post Permian JV), targeting oil in the Namur and Hutton Sandstones, spudded Thursday 10 September.

Beach Petroleum Limited (ASX:BPT)(PINK:BEPTF) drilling report for the week ending 9 September, highlights of the week's activities include: Wakefield-1 (Beach 23.33% in Post Permian JV), targeting oil in the Namur and Hutton Sandstones is expected to spud Thursday 10 September. Spikey Beach-1 (Beach earning 80% in Spikey Beach Farmout Blocks) spudded on 5 September and is currently at a depth of 816 metres. The Comet drilling rig is being jacked up over the NS394-3 [Burtocal North] oil exploration well (Beach 20%) location.

Beach Petroleum Limited (ASX:BPT)(PINK:BEPTF) drilling report for the week ending 12 August, 2009. Highlights of the week's activities include: Marino-1 (PEL 91, Beach 40%) has been plugged and abandoned and the rig has been released. Basker-7 (Beach 30%) has been cased and completed as a Latrobe Group oil producer. The Ocean Patriot semi-submersible drilling rig is expected to be released to Beach for the drilling of the Spikey Beach-1 exploration well in T/38P, in the Bass Basin, offshore Tasmania, later today. The Comet Jack-up rig has moved onto the NS394-3 (Burtocal North) oil exploration well location (Beach 20%) in the Gulf of Suez.

Beach Petroleum Limited (ASX:BPT)(PINK:BEPTF) drilling report for the week ending 12 August, 2009. Highlights of the week's activities include: Marino-1 (Beach 40%) spudded on 22 August and is currently drilling ahead in the Toolebuc Formation at a depth of 1003 metres. Basker-7 (Beach 30%) has been cased and suspended as a future Latrobe Group oil producer.

Beach Petroleum Limited (ASX:BPT)(PINK:BEPTF) announces the drilling report and well location maps for the week ending 12 August, 2009. Highlights of the week's activities include: Chiton-1 is drilling ahead at a depth of 887 metres in the Allaru Mudstone. Burnside-1ST1 (Beach 7.34%) is being plugged and abandoned as planned. Basker-7 (Beach 30%) has reached total depth of 3921 metres.

Beach Petroleum Limited (ASX:BPT)(PINK:BEPTF) announces the drilling report for the week ending 22 July, 2009. Murninnie-1 (PEL 92, Beach 75%), has been plugged and abandoned. The Ensign 30 rig is being moved to the Chiton-1 well location in adjacent Licence PEL 91. In areas operated by Santos, Charo-4 (Beach 20.21%) has been plugged and abandoned. Basker-7 (Beach 30%) is drilling ahead at a depth of 3920 metres.

Beach Petroleum Limited (ASX:BPT)(PINK:BEPTF) announces the drilling report for the week ending 22 July, 2009. Murninnie-1 (Beach 75%) spudded on 24 July and is drilling ahead in the Murta Formation at a depth of 1399m. In areas operated by Santos, one well is in progress (Charo-4, Beach 20.21%). The Paralana-2 geothermal exploration well (Beach earning 21%) is drilling ahead at a depth of 1069 metres. Basker-7 (Beach 30%) spudded on 21 July and is drilling ahead at a depth of 2512 metres.