Beach Energy Limited Stock Market Press Releases and Company Profile

Adelaide, Nov 3, 2008 AEST (ABN Newswire) - Beach Petroleum Limited (ASX:BPT)(PINK:BEPTF) is pleased to advise that the Brownlow-1 well in the Cooper Basin has intersected a high quality gas sand between 2583 to 2590 metres.

Wireline logging conducted over the weekend has confirmed gas pay in a 7 metre thick sand in the mid Patchawarra Formation.

Furthermore, pressure data support a total gas column of up to 30 metres in height. Beach will now proceed to evaluate additional hydrocarbon shows in the basal Patchawarra formation by a drill stem test on Tuesday 4 November 2008 over the interval 2715 to 2722 metres before casing the well for future production.

Brownlow-1 reached its total depth of 2785 metres at 1230 hours EST on Saturday, 1 November 2008. The well is located approximately 55 km northwest of Moomba and 2 km north of the Middleton-1 gas discovery, which flowed at rates of 12.4 million cubic feet of gas and 115 barrels of condensate per day on extended production testing.

Interests in PEL 106 are:

Beach Petroleum 50% (operator)
Drillsearch Energy 50%

Contact

Reg Nelson
Beach Petroleum
08 8338 2833

Mark Lindh
Adelaide Equity
0414 551 361

Ian Howarth
Farrington National
03 9223 2455


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