Beach Energy Limited Stock Market Press Releases and Company Profile

Perth, April 23, 2008 AEST (ABN Newswire) - Beach Petroleum Limited (ASX:BPT) Weekly Drilling Report 20080423

Beach Petroleum (ASX: BPT) Announce the weekly drilling report for the week ending 23 April 2008 is attached.

Highlights of the week's activities include:

Cooper/Eromanga Oil

- Coolangatta- 1 (Beach 80.0%) encountered minor oil shows, but has subsequently been plugged and abandoned.

- In areas operated by Santos, one well is in progress (McKinlay-9, Beach 20.21%).
Well             Participants  Weekly Progress & Summary                Primary TargetsCoolangatta-1    BPT* 85.00%   Report Time: 0600 hrs (CST) 23/04/2008   Namur SandstoneATP 633P         STX 15.00%    Depth: 1372m   Oil Exploration                Operation: well is being plugged and abandoned    C/E Basin, QLD                 Progress: 985m           Coonatie-12      BPT 17.14%    Report Time: 0600 hrs (CST) 22/04/2008   Numerous Permian targetsPPL: 131         STO* 72.32%   Depth: 2853m   Gas Development  ORG 10.54%    Operation: Drilling ahead in Callamurra   C/E Basin, SA    Progress:     1597m           Mudera-14        BPT 20.21%    Report Time: 0600 hrs (CST) 22/04/2008   Coorikiana SandstonePPL 22           STO* 66.60%   Depth: 1031m                             MemberGas Development  ORG 13.19%    Operation: Plugged and suspended   C/E Basin, SA                  Progress: 169m   Well will be continued with an alternate rig  in the future.                Cooba-3          BPT 20.21%    Report Time: 0600 hrs (CST) 22 /04/2008   Patchawarra FmPPL 68           STO* 66.60%   Depth: 3152m (TD)   Oil/Gas Development      ORG 13.19%    Operation: Well cased and suspended as a future gas producer   C/E Basin, SA                  Progress: 1806           McKinlay-9       BPT 20.21%    Report Time: 0600 hrs (CST)  22/04/2008   McKinlay MemberPPL 34           STO* 66.60%   Depth: 519m   Oil Appraisal    ORG 13.19%    Operation: Drilling ahead in surface hole   C/E Basin, SA                  Progress: 519m                   COAL SEAM GAS PROJECTS        Location         Participants  Well Depth Operation: 0600hrs (EST) 23rd April 2008  Pl 198           BPT 40%       River Road 5 306.5m well cased, setting up for River Road 5T  Surat Basin, QLD AOE* 60%     PL 198           BPT 40%       Tipton-95T 60m drilling ahead  Surat Basin, QLD AOE* 60%     ATP 683P         BPT 40%       Long Swamp 3 340m well cased, rig moved to Tipton-95T  Surat Basin, Qld AOE* 60%     ATP 683P         BPT 40%       Plainview 3 405m Coring ahead  Surat Basin, Qld AOE* 60%     * Operator        **  BPT  30% subject to completion of sale of 10% equity to Sojitz        ** SOJITZ  10% subject to completion of purchase from Beach        BPT   Beach Petroleum Ltd      ORG   Origin Energy Resources Ltd    STO   Santos Limited AOE   Arrow Energy NL          AZA   Anzon Australia Ltd           CIECO = Itochu Corporation COE   Cooper Energy Ltd        SOJITZ  Sojitz Energy Australia Ltd            C/E = Cooper/Eromanga   Sur = Surat  Gip = Gippsland   

Contact

Hector Gordon
Chief Operating Officer
Tel: (618) 8338 2833


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