Santos Limited

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.

US stocks opened lower overnight due to the massive drop in Shanghai shares, which also caused a broad selloff in Asia markets. But Wall Street ended the day higher as the energy companies were boosted on hope of an improving demand. The US oil futures rose after the US Department of Energy said US oil inventories plunged unexpectedly.

US stocks plunged significantly overnight despite a better-than-expected US manufacturing survey data. Falls in Asia and Europe markets put heavy pressure on the US stocks. Shanghai stocks dropped 5.8% Monday.

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.

US stocks closed slightly higher on a strong sign of recovery in US housing sector. The Commerce Department said on Monday that sales of new homes rose by 11% in June. Earning news dominated the market in recent trading sessions with most of the reports beating the expectation.

Wall Street posted a strong gain overnight with Dow index jumped above 9000 points mark for the first time since January. The market was bolstered by upbeat housing data and favourable corporate earnings.

Beach Petroleum Limited (ASX:BPT)(PINK:BEPTF) announces the drilling report for the week ending 22 July, 2009. Highlights of the week's activities include: Willunga-1 (Beach 75%) has been plugged and abandoned after wireline logs confirmed the absence of commercial volumes of hydrocarbons in the well. The Paralana-2 geothermal exploration well (Beach earning 21%) is drilling ahead at a depth of 796 metres.