Beach Energy Limited Stock Market Press Releases and Company Profile
ASX:BPT North Shadwan
ASX:BPT North Shadwan

Adelaide, Mar 11, 2009 AEST (ABN Newswire) - Beach Petroleum Limited (ASX:BPT)(PINK:BEPTF) announce the drilling report for the week ending March 11, 2009.

The drilling report and well location map for the week ending 11 March, 2009 are attached. Highlights of the week’s activities include:

Egypt - South East July Concession - Gulf of Suez

South July-1, targeting oil in the Lower Rudeis and Nubia Formations is drilling ahead at a depth of 3898 metres. Interests in South July-1 are Beach Petroleum (Egypt) Pty Limited, 20%, Santos Egypt Pty Ltd, 40% and Dana Petroleum (E&P) Limited, 40%.
------------------------------------Well                    Participants------------------------------------South July-1            BPT     20.00%  SE July Concession      STO*    40.00%  Oil Exploration         DNX     40.00%  Gulf of Suez,  Egypt                    --------------------------------------------------------------- Weekly Progress & Summary                       Primary Targets---------------------------------------------------------------Report Time:    0600hrs (Egypt) 11/03/2009      Lower Rudeis FmDepth:          3898m                           Nubia SstOperation:      Drilling ahead.                                 Progress:       125m                                                                                    ------------------------------------Well                    Participants------------------------------------ Fly Lake-26             BPT     20.21%  PPL18                   STO*    66.60%  Gas Development         ORG     13.19%    C/E Basin, SA                           --------------------------------------------------------------- Weekly Progress & Summary                       Primary Targets---------------------------------------------------------------Report Time:    0600 hrs (CST) 11/03/2009       Patchawarra FmDepth:          2952m (TD)                      Operation:      Preparing to run wireline logs.               Progress:       1881m                   ------------------------------------Well                    Participants------------------------------------ Nephrite South-5        BPT     20.21%  PPL140                  STO*    66.60%  Gas Development         ORG     13.19%    C/E Basin, SA                           --------------------------------------------------------------- Weekly Progress & Summary                       Primary Targets---------------------------------------------------------------Report Time:    0600 hrs (CST) 11/03/2009       Patchawarra FmDepth:          258m                    Operation:      Drilling ahead in surface hole.               Progress:       258m                    --------------------------------COAL SEAM GAS PROJECTS          Location            Participants--------------------------------PLA 258                 BPT     40%                     Coal Seam Develop't     AOE*    60%     Surat  Basin, QLD                                                -----------------------------------------------------------------Well         Depth       Operation: 0600hrs (EST) 11th March 2009-----------------------------------------------------------------Meenawarra-  459m (TD)   Running production liner to total depth.12                              * Operator(s)   Secondary TargetsDNX   Dana Petroleum (E&P) LimitedBPT   Beach Petroleum LtdORG   Origin Energy Resources LTDAOE   Arrow Energy NLSTO   Santos Limited


Contact

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


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