Adelaide, June 18, 2008 (ABN Newswire) - Beach Petroleum Limited Weekly Drilling Report For the Week ending 18 June 2008

The weekly drilling report for the week ending 18 June 2008 follows. Highlights of the week's activities include:

Cooper/Eromanga Oil

- Parsons-1 (Beach 75%) commenced freeflow production on the 16 June at an initial stabilised rate of 2640 bopd.

- In areas operated by Santos, one successful well was drilled

(Mama-1, Beach 20.21%) and one well is in progress
(Big Lake-87, Beach 20.21%).

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Well               Participants    
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Mama-1             BPT     20.21%  
PPL 149            STO*    66.66%
Oil NFE Well       ORG     13.19% 
C/E Basin, SA  
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Weekly Progress & Summary                    Primary Targets
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Report Time:    0600 hrs (CST) 17/06/2008    Murta, McKinlay
Depth:  1544m (TD)                          other Jurassic (S)
Operation:       Well being cased and suspended.             
Progress:       1002m 

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Well               Participants    
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Big Lake-87        BPT     20.21%  
PPL 11             STO*    66.00%    
Oil Development    ORG     13.19%  
C/E Basin, SA 
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Weekly Progress & Summary                    Primary Targets
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Report Time:    0600 hrs (CST)17/06/2008     Mid Birkhead
Depth:          701m                         Hutton (s)
operation:      Drilling ahead in main hole            
Progress:       701m       

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COAL SEAM GAS PROJECTS
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Location           Participants Well
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Pl 198              BPT  40%    Tipton - 98T
Coal Seam Develop't AOE* 60%    Tipton - 132A
Surat  Basin, QLD               Tipton - 131

Depth       Operation: 0600hrs (EST) 18th June 2008
581.57m(TD) Rig moved to Tipton 132A.       
248.2m      Drilling ahead.         
611.79m(TD) Preparing to move to Tipton 133.

* Operator
BPT   Beach Petroleum Ltd
STO   Santos Limited
ORG   Origin Energy Resources Ltd
AOE   Arrow Energy NL
(s) Secondary targets