Origin Energy Limited

Yesterday the Australian stock market slumped more than 3% with the negative lead from UK. The benchmark S&P/ASX200 index ended 112.7 points, or 3.1%, lower at 3,476.6, the lowest level in two months, while the broader All Ordinaries lost 106 points, or 3%, to 3,425.

Beach Petroleum Limited (ASX:BPT)(PINK:BEPTF) announce the drilling report for the week ending ending 7 January 2009. The drilling report for the week ending 7 January, 2009 is attached.

Beach Petroleum Limited (ASX:BPT)(PINK:BEPTF) announce the drilling report for the week ending ending 17 December 2008

During yesterday's trading, Australian stocks closed lower for the second consecutive day on Thursday, falling by more than 4%. The market was dragged down by big losses in the resources sector amid renewed fears of a global economic slowdown. The two days drop gave up all the gains early this week.

Overnight the Wall St took a dive on grim economic news pointing to weaker growth and profits in the year ahead, with Dow Jones Industrial Average fell 7.87% for its biggest percentage loss since October of 1987. The US Federal Reserve's snapshot of business conditions said economic activity was weaker across all 12 districts in September and consumer spending fell in most regions.

Yesterday Australian shares rallied to their biggest one-day gain since October 1997. Confidence in Australian banks was buoyed by Prime Minister Kevin Rudd's announcement that all deposits in Australian financial institutions would be guaranteed for three years. Analysts said last week the market probably hit the bottom when investors were in the depths of fear and panic, but recovery may cost a long time. Despite the short-term buoyancy, the Australian market remains fearful of deeper plunges, especially if the powerful US market continues to falter.

The Australian share market fell yesterday. The benchmark S&P/ASX200 index was down 87.4 points, or 1.75%, to 4980.1, while the broader All Ordinaries gave up 84.4 points, or 1.67%, to 5041.9. The resource stocks dropped again, with the commodity prices down.

On Friday, the Australian share market fell more than 2% as major banking and resources stocks felt the impact of renewed concerns about the health of the global economy. The benchmark S&P/ASX200 finished down 102.4 points, or 2.06% to 4877.1. The broader All Ordinaries lost 101.4 points, or 2.01% to 4949.5.

Beach Petroleum Limited (ASX:BPT) Announce the drilling report for the week ending 27 August, 2008 are attached. In areas operated by Santos, one well is in progress (Naccowlah West-22, Beach 38.50%) and one well has been plugged and abandoned (James-2, Beach 17.14%).

Yesterday, the Australian share market closed more than two per cent lower, dragged down by the resource and financial sectors and a weak lead from Wall Street. Banks and financials reacted poorly to news regarding troubled US mortgage lenders Fannie Mae and Freddie Mac.