Beach Energy Limited Stock Market Press Releases and Company Profile
Beach Petroleum Limited (ASX:BPT)
Beach Petroleum Limited (ASX:BPT)

Adelaide, Mar 26, 2009 AEST (ABN Newswire) - Beach Petroleum Limited (ASX:BPT)(PINK:BEPTF) The drilling report and well location map for the week ending 25 March, 2009 are attached. Highlights of the week's activities include:

Egypt - South East July Concession - Gulf of Suez

South July-1 ST1, targeting oil in the Yusr sands of the lower Rudeis Formation, is currently drilling ahead at a depth of 3058 metres. Interests in the sidetrack are Beach Petroleum (Egypt) Pty Limited, 33.33% and Dana Petroleum (E&P) Limited, 66.67%. Concession Operator Santos Egypt Pty Ltd. has elected to not participate in the sidetrack.
------------------------------------Well                  Participants------------------------------------South July-1ST1       BPT     33.33%SE July Concession    DNX*    66.67%  Oil ExplorationGulf of Suez,  Egypt---------------------------------------------------------------Weekly Progress & Summary                       Primary Targets---------------------------------------------------------------Report Time:    0600hrs (Egypt) 25/03/2009      Lower RudeisDepth:          3058m                             Yusr MbrOperation:      Drilling ahead in the upper                Rudeis Formation.Progress:       273m------------------------------------Well                  Participants------------------------------------Tindilpie-7           BPT     20.21%PPL 140               STO*    66.60%Gas Development       ORG     13.19%C/E Basin, SA---------------------------------------------------------------Weekly Progress & Summary                       Primary Targets---------------------------------------------------------------Report Time:    0600 hrs (CST) 25/03/2009       Patchawarra FmDepth:          1103mOperation:      Drilling ahead in the Cretaceous.Progress:       1103m------------------------------------Well                  Participants------------------------------------Nephrite Sth-5        BPT     20.21%PPL 140               STO*    66.60%Gas Development       ORG     13.19%C/E Basin, SA---------------------------------------------------------------Weekly Progress & Summary                       Primary Targets---------------------------------------------------------------Report Time:    0600 hrs (AEST) 25/03/2009      Patchawarra FmDepth:          3248m (TD)Operation:      Preparing to run wireline logs.Progress:       1470m * Operator(s)   Secondary TargetsBPT   Beach Petroleum LtdDNX   Dana Petroleum (E&P) LimitedSTO   Santos LimitedORG   Origin Energy Resources LTD

Contact

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



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