Beach Energy Limited (ASX:BPT) Cooper/Eromanga Basin Weekly Drilling Report Week Ending 26 May 2010

Adelaide, May 26, 2010 AEST (ABN Newswire) - Beach Energy Limited (ASX:BPT) (PINK:BEPTF) announces weekly drilling report for the week ending 26 May 2010. Highlights of the week's activities include:

Cooper / Eromanga Basin

Genoa-3 is being cased and suspended as a future Hutton Sandstone oil producer. Participants in Genoa-3 are Beach Energy Ltd, 30% and Santos Ltd (ASX:STO), 70%.

( * ) Operator
(s) Secondary Targets
BPT Beach Energy Ltd
STO Santos Limited

--------------------------------------Well                    Participants--------------------------------------Genoa-3                 BPT     30.00%PL 68                   STO*    70.00%Oil DevelopmentC/E Basin, QLD-----------------------------------------------------------------------------------------------------Weekly Progress & Summary               Primary Targets---------------------------------------------------------------Report Time: 0600 hrs 26/05/2010 (CST)  Hutton Sandstone Depth:       1786m (TD)                 Birkhead FormationOperation:   Well is being cased and    Namur Sandstone (s)             suspended as a future              Hutton Sandstone oil              producer.           Progress:    1522m---------------------------------------------------------------

For the complete Beach Energy announcement including the well location map, please view the following link:

http://www.abnnewswire.net/media/en/docs/62957-ASX-BPT-178310.pdf

Contact

Hector Gordon Chief Executive Officer TEL: +61-8-8338-2833 FAX: +61-8-8338-2336 www.beachenergy.com.au