Beach Energy Limited (ASX:BPT) Weekly Drilling Report Week Ending 2 June 2010

Adelaide, June 2, 2010 AEST (ABN Newswire) - Beach Energy Limited (ASX:BPT) (PINK:BEPTF) announces weekly drilling report for the week ending 2 June 2010. Highlights of the week's activities include:

Cooper/Eromanga Oil Development - Santos (ASX:STO) Operated

The Genoa-3 oil development well has been cased and suspended as a future oil producer. The Ensign 18 rig is now being moved to drill the Genoa North-2 oil appraisal well, approximately three kilometres north of Genoa 3 (Queensland permit PL 68, Beach 30%).

( * ) Operator
BPT Beach Energy Ltd
STO Santos Limited

--------------------------------------Well                    Participants--------------------------------------Genoa-3                 BPT     30.00%PL 68                   STO*    70.00%Oil AppraisalC/E Basin, QLD-------------------------------------------------------------------------------------------------Weekly Progress & Summary               Primary Targets-----------------------------------------------------------Report Time: 0600 hrs 2/06/2010 (CST)   Hutton Sandstone Depth:       1786m (TD)                 Birkhead FormationOperation:   Well has been cased and    Namur Sandstone (s)             suspended as a future              Hutton Sandstone oil              producer; - rig moving              to Genoa North-2.              Progress:    0m-----------------------------------------------------------

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

http://www.abnnewswire.net/media/en/docs/63009-ASX-BPT-178389.pdf

Contact

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