Press Releases

Adelaide, Nov 18, 2009 (ABN Newswire) - Beach Petroleum Limited (ASX:BPT)(PINK:BEPTF) drilling report for the week ending 18 November, 2009 are attached. Highlights of the week's activities include:

Beach Petroleum Operated Cooper/Eromanga Exploration

The upper 5.6 metres of the Namur Sandstone at Chiton-1 (PEL 91, Beach 40%) has been perforated and was flow-tested for an 80 minute period at an average rate of 2434 barrels oil and 226 barrels of water per day. Facilities are under construction and the well is expected to commence production by early January.

Egypt - North Shadwan Concession - Gulf of Suez

The NS377-3 field development well (Beach 20%) has been cased and production testing to provide data about fluid and reservoir properties has been initiated. The well is expected to commence full production through Petrobel's Ras Ghara processing facility in the second quarter of 2010. Initial production rates are expected to be in the order of 1500 to 2000 barrels of oil per day.

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

Evaluation of the Paralana-2 geothermal deep injector well (Beach, well Operator, earning 21%) has commenced. The evaluation program will include both wireline and logging while drilling (LWD) equipment.

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Well                    Participants
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Paralana-2              BPT*    21.00%
GEL 178                 PTR     69.00%
Geothermal Exploration  TRU     10.00%
Arrowie Basin, SA
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Weekly Progress & Summary              Primary Targets
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Report Time: 0600 hrs (CST) 18/11/2009 Upper Cannana
Depth:       4012m (TD)                or Bolla Bollana
Operation:   Conditioning hole prior
             to completing log evaluation
             program.
Progress:    0m

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Well                    Participants
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NS 394-3                BPT     20.00%
(Burtocal North)        BP*     50.00%
Oil Exploration         TOE     30.00%
North Shadwan, Egypt
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Weekly Progress & Summary               Primary Targets
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Report Time: 0600hrs (local) 17/11/2009 Nubia Sandstone
Depth:       3659m (TD)
Operation:   Well has been plugged and abandoned.
Progress:    0m

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Well                    Participants
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NS 377-3                BPT     20.00%
Oil Development         BP*     50.00%
North Shadwan           TOE     30.00%
Egypt
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Weekly Progress & Summary                Primary Targets
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Report Time: 0600 hrs (local) 17/11/2009 Kareem Formation
Depth:       2872m  (1792m TVDSS) TD
Operation:   Completing production testing operations.
Progress:    0m

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Well                    Participants
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Dullingari-40DW1        BPT     20.21%
PPL 12                  STO*    66.60%
Gas 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) 18/11/2009 Patchawarra Formation
Depth:       2623m (TD)
Operation:   Well is cased and suspended as a future Patchawarra
             Formation gas producer.
Progress:    158m


(s)    Secondary Targets
(*)    Operator
BPT    Beach Petroleum Ltd
ORG    Origin Energy Resources Ltd
BP     BP Exploration (Delta)
PTR    Petratherm Ltd
TRU    TRUenergy Pty Ltd
STO    Santos Limited
TOE    TriOcean Energy

Contact

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