Press Releases

Adelaide, June 25, 2009 (ABN Newswire) - Beach Petroleum Limited's (ASX:BPT)(PINK:BEPTF) drilling report for the week ending 24 June, 2009. Highlights of the week's activities include:

Beach Petroleum Operated Cooper / Eromanga Exploration

Butlers-1, the third well of a planned six well oil exploration program in PEL 92 is to be cased and suspended after intersecting a 4.5 metre oil column in high quality reservoir at the top of the Namur Sandstone. Butlers-1 is the second successive oil discovery in the current drilling campaign. Following completion of drilling operations at Butlers-1, the Ensign 30 rig is to be moved to the Cheetima-1 location, 4.7 km northwest of the Parsons oil field. The Cheetima prospect has potential mean recoverable oil reserves of 1.2mmb and a high side potential of 2.6mmb (recoverable). Interests in the six well program are Beach Petroleum Ltd (75%) and Cooper Energy Ltd (25%).

Arrowie Basin (South Australia) - Paralana-2 Geothermal Exploration Well

Rigging-up operations are nearing completion and inspections and certification of the Weatherford Lightning Rig 828 are being undertaken. Interests in the Paralana-2 well are tenement Operator Petratherm (69%), well Operator Beach Petroleum Ltd (earning 21%) and TRUenergy (earning 10%). The equities indicated for Beach and TRUenergy are after completion of farmin obligations, which include participation in the drilling of Paralana-2 plus a follow-up well.

Browse Basin, Offshore Western Australia - Burnside 1 Gas Exploration Well

Burnside 1 is drilling ahead at a depth of 1741 metres towards a prognosed total depth of 4200 metres. Interests in Burnside-1 are Santos Offshore Pty Ltd (Operator, 47.83%), Beach Petroleum Ltd (7.34%), INPEX Browse Ltd (20%) and Chevron Australia P/L (24.83%).

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Well               Participants
-------------------------------
Butlers-1          BPT*    75.00%  
PEL 92             COE     25.00%  
Oil Exploration                         
C/E Basin, SA                           
------------------------------------------------------------
Weekly Progress & Summary                    Primary Targets
------------------------------------------------------------
Report Time:    0900 hrs (CST) 24/06/2009    Namur Sst,
Depth:          1781m (TD)                   Poolowanna Fm.
Operation:      Well is to be cased and      Birkhead Fm(s)
                suspended as a future Namur  Hutton Sst  (s)
                Sandstone oil producer.
Progress:       1781m


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Well               Participants
-------------------------------
Paralana-2         BPT*    21.00%  
GEL 178            PTR     69.00%  
Geothermal Expln   TRU     10.00%  
Arrowie Basin, SA                       
-------------------------------------------------------------
Weekly Progress & Summary                    Primary Targets
-------------------------------------------------------------
Report Time:    0600 hrs (CST) 24/06/2009    Upper Cannana
Depth:          0m                           or Bolla Bollana
Operation:      Inspection and cerification
                of newly built Weatherford
                rig.
Progress:       0m


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Well               Participants
-------------------------------
Burnside-1         BPT     7.34%   
WA 281P (offshore) STO*    47.83%  
Gas Exploration    IBL     20.00%  
Browse Basin, WA   CVX     24.83%  
-------------------------------------------------------
Weekly Progress & Summary              Primary Targets
-------------------------------------------------------
Report Time:    0600 hrs, 24/06/09     Lower Cretaceous
Depth:          1741m                  sands
Operation:      Drilling ahead in the
                Johnson Formation.
Progress:       1455m


-------------------------------
Well               Participants
-------------------------------
Cowralli-13        BPT     20.21%  
PPL 91             STO*    66.60%  
Gas Development    ORG     13.19%  
C/E Basin, SA                           
-----------------------------------------------------------
Weekly Progress & Summary                   Primary Targets
-----------------------------------------------------------
Report Time:    0600 hrs (CST) 24 /06/2009  Patchawarra Fm
Depth:          3228m (TD)
Operation:      Well is cased and suspended
                as a future Patchawarra
                Formation gas producer.
Progress:       0m


-------------------------------
Well               Participants
-------------------------------
Theta-2            BPT     23.20%  
SW Qld Gas         STO*    60.06%  
Gas Development    ORG     16.74%  
C/E Basin, QLD                          
------------------------------------------------------------
Weekly Progress & Summary                  Primary Targets
------------------------------------------------------------
Report Time:    0600 hrs (CST) 24/06/2009  Toolachee Fm
Depth:          764m                       Tirrawarra Sst(s)
Operation:      Running in hole with 
                surface casing.
Progress:       764m

* Operator
(s) Secondary Targets
ASX:BPT Beach Petroleum Ltd
ASX:PTR Petratherm Ltd
ASX:COE Cooper Energy
ASX:STO Santos Limited
ASX:ORG Origin Energy Resources Ltd
CVX Chevron Australia Pty Ltd
TRU TRUenergy Pty Ltd
IBL INPEX Browse Ltd (Tokyo Stock Exchange)

Contact

Hector Gordon Chief Operating Officer Beach Petroleum Ltd Tel: +61-8-8338-2833 Fax: +61-8-8338-2336 www.beachpetroleum.com.au