Beach Energy Limited Stock Market Press Releases and Company Profile

Adelaide, May 15, 2008 AEST (ABN Newswire) - Beach Petroleum Limited (ASX:BPT)(PINK:BEPTF) Weekly Drilling Report Week ending 14 May 2008

The weekly drilling report for the week ending 14 May 2008 is attached. Highlights of the week's activities include:

Cooper/Eromanga Oil

- Bodalla South-20 oil appraisal well (Beach 100%) is drilling ahead at a depth of 1284 metres in the Westbourne Formation.

- In areas operated by Santos, Cook -14 (Beach 20%) is to be cased and suspended as a future Hutton Sandstone oil producer and Bindah 2 (Beach 20.21%) is being cased and suspended as a future Tirrawarra Sandstone oil producer.

Full report is available at the following link:

http://abnnewswire.net/lnk/N6BIOS6E

Contact

Reg Nelson
Beach Petroleum
TEL: +61-8-8338-2833

Ian Howarth
Farrington National
TEL: +61-407-822-319

Mark Lindh
Adelaide Equity
TEL: +61-414-551-361


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