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Beach Energy Limited (ASX:BPT) Weekly Drilling Report Week ending 16 December 2009
Beach Energy Limited (ASX:BPT) Weekly Drilling Report Week ending 16 December 2009

Adelaide, Dec 16, 2009 AEST (ABN Newswire) - Beach Energy Limited (ASX:BPT)(PINK:BEPTF) drilling report for the week ending 16 December, 2009 are attached. Highlights of the week's activities include:

Arrowie Basin (South Australia) -

Paralana-2 Geothermal Exploration Well

Paralana-2 (GEL 178) has been successfully cased and cemented to a depth of 3725 metres and the rig was released on 12 December. The evaluation program for Paralana-2 is to continue early in 2010 to determine the static temperature and rock properties of the basal interval of the well (Beach, well Operator, earning 21%).

.--------------------------------------Well                    Participants--------------------------------------Paralana-2              BPT*    21.00%GEL 178                 PTR     69.00%Geothermal Exploration  TRU     10.00%Arrowie Basin, SA-------------------------------------------------------Weekly Progress & Summary              Primary Targets-------------------------------------------------------Report Time: 0600 hrs(CST)16/12/2009   Bolla Bollana FormationDepth:       4012m (TD)Operation:   Well has been cased to depth of 3725 metres.  Rig             was released on 12 December.Progress:    0m--------------------------------------Well                    Participants--------------------------------------Burke-11                BPT     20.21%PPL 12                  STO*    66.60%Gas Development         ORG     13.19%C/E Basin, SA-------------------------------------------------------Weekly Progress & Summary              Primary Targets-------------------------------------------------------Report Time: 0600 hrs(CST)16/12/2009   Epsilon Formation,Depth:       2504m                   Patchawarra FormationOperation:   Drilling ahead in the             Patchawarra Formation.Progress:    1700m--------------------------------------Well                    Participants--------------------------------------Narcoonowie-8           BPT     20.21%PPL 114                 STO*    66.60%Oil Development         ORG     13.19%C/E Basin, SA-------------------------------------------------------Weekly Progress & Summary              Primary Targets-------------------------------------------------------Report Time: 0600 hrs(CST)16/12/2009   Birkhead Formation,Depth:       942m                      Murta/McKinlayOperation:   Drilling ahead in the             Early Cretaceous.Progress:    942m--------------------------------------Well                    Participants--------------------------------------Tickalara-21            BPT     30.00%PL 34                   STO*    70.00%Oil DevelopmentC/E Basin, QLD-------------------------------------------------------Weekly Progress & Summary              Primary Targets-------------------------------------------------------Report Time: 0600 hrs(CST)16/12/2009   McKinlay Member,Depth:       1417m                     Namur SandstoneOperation:   Drilling ahead in the             Westbourne Formation.Progress:    1417m(s)    Secondary Targets(*)    OperatorBPT    Beach Energy LtdORG    Origin Energy Resources LtdTRU    TRUenergy Pty LtdPTR    Petratherm LtdSTO    Santos Limited

Contact

Hector Gordon
Chief Operating Officer
TEL: +61-8-8338-2833



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