Drillsearch Energy Limited

Drillsearch Energy Limited (ASX:DLS)(PNK:DRLLF) is pleased to provide this drilling update for the Marino-1 well. Following evaluation of the results from the drillstem test the joint venture has reached the conclusion that the Birkhead oil reservoir as penetrated in Marino-1 is too tight to produce oil at a commercial rate. Marino-1 will therefore be plugged and abandoned as a sub-commercial oil discovery.

Drillsearch Energy Limited (ASX:DLS)(PINK:DRLLF) is pleased to provide this drilling update for the Marino-1 well. Marino-1 reached a total depth of 1941m at 16:30hrs CST on Friday 28 August. Wireline logs were run on Saturday 29 August and provided inconclusive results over the Birkhead zone that had exhibited oil shows while drilling. This is not an uncommon outcome for tight Birkhead reservoirs.

Drillsearch Energy Limited (ASX:DLS)(PINK:DRLLF) is pleased to provide this drilling update for the Marino-1 well. Oil shows were encountered within the Birkhead Formation with up to 70% fluorescence over a 12m interval. Elevated gas readings up to C5 were also encountered over several zones. The Birkhead Formation is productive in the Growler Oilfield located 25km to the northeast of Marino-1. The significance of these oil shows will be determined with wireline logs and possible testing after drilling is completed over the weekend.

Drillsearch Energy Limited (ASX:DLS)(PINK:DRLLF) is pleased to provide this drilling update for the Marino-1 well, which is the second of a two- well program in PEL 91, following the Chiton-1 oil discovery. Drillsearch holds a 60% interest in PEL 91, the Marino-1 well and the Chiton-1 oil discovery. The well is being operated by Beach Petroleum (40%) using the Ensign Rig# 30. Drilling to a planned total depth of 1948 metres is expected to take approximately 12 days.

Drillsearch Energy Limited (ASX:DLS)(PINK:DRLLF) is pleased to provide this drilling update for the Marino-1 well, which is the second of a two- well program in PEL 91, following the Chiton-1 oil discovery. Drillsearch holds a 60% interest in PEL 91, the Marino-1 well and the Chiton-1 oil discovery. The well is being operated by Beach Petroleum (40%) using the Ensign Rig# 30. Drilling to a planned total depth of 1948 metres is expected to take approximately 12 days.

Drillsearch Energy Limited (ASX:DLS)(PINK:DRLLF) is pleased to provide this drilling update for the Marino-1 well, which is the second of a two- well program in PEL 91, following the Chiton-1 oil discovery. Drillsearch holds a 60% interest in PEL 91, the Marino-1 well and the Chiton-1 oil discovery. The well is being operated by Beach Petroleum (40%) using the Ensign Rig# 30. Drilling to a planned total depth of 1948 metres is expected to take approximately 12 days.

Drillsearch Energy Limited (ASX:DLS) is pleased to advise that the Marino-1 well spudded on Saturday 22 August 2009 at 23:00hrs CST. Marino-1 is the second of a two-well program in PEL 91, following the Chiton-1 oil discovery. Drillsearch holds a 60% interest in PEL 91, the Marino-1 well and the Chiton- 1 oil discovery.

Drillsearch Energy Limited (ASX:DLS)(PINK:DRLLF) is pleased to advise that the Marino-1 well is planned to spud on Saturday 22 August 2009. Marino-1 is the second of a two- well program in PEL 91, following the Chiton-1 oil discovery. Drillsearch holds a 60% interest in PEL 91, the Marino-1 and Chiton-1 oil discovery. The well is being operated by Beach Petroleum (40%) using the Ensign Rig# 30.

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Beach Petroleum Limited (ASX:BPT)(PINK:BEPTF) is in a powerful position with zero corporate debt and a strong balance sheet after generating record annual sales revenue of A$581 million in the year to 30 June 2009. Although June quarter sales were slightly lower at A$118 million, full year oil and gas sales of A$581 million is a record for Beach.