Beach Energy Limited (ASX:BPT) Weekly Drilling Report Ending 16 June 2010

Adelaide, June 16, 2010 AEST (ABN Newswire) - Beach Energy Limited (ASX:BPT) (PINK:BEPTF) announces weekly drilling report for the week ending 16 June 2010. Highlights of the week's activities include:

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

The Genoa North-2 oil development well has been cased and suspended as a future Birkhead Formation/Hutton Sandstone and Namur Sandstone oil producer. The drill rig has been moved to the Inca-1 oil exploration well location where it is currently being rigged up (Beach 30%).

Non-operated Oil Appraisal, South Antelope Prospect, Williston Basin - U.S.A.

The Henderson 4-25H oil appraisal well is at a depth of 3166 metres MD. Drilling and logging of the vertical section of the well have been completed and the well is now being deviated in order to drill a horizontal section through the primary target Three Forks Formation. The well will be cased at approximately 3416 metres MD prior to commencement of horizontal drilling. Prognosed TD is 4872m MD [Beach (USA) Inc 23.15% contributing interest; 18.52% net revenue interest].

( * )    Operator(s)      Secondary TargetsBPT      Beach Energy LtdSTO      Santos LimitedBPT      Beach Energy U.S.A Inc.SEA      SundaceHelis    Helis Oil & Gas Company L.LC--------------------------------------Well                    Participants--------------------------------------Coonatie-17             BPT     17.14%PPL 131                 STO*    72.32%Gas Development         ORG     10.54%C/E Basin, SA-----------------------------------------------------------------------------------------------------Weekly Progress & Summary               Primary Targets---------------------------------------------------------------Report Time: 0600 hrs (CST) 16/06/2010  Callawonga, Toolachee,Depth:       3104.95m (TD)              Epsilon, PatchawarraOperation:   Expect to recommence       Tirrawarra             operations (run & cement              production casing) within              the next 48 hours.  Progress:    0m-----------------------------------------------------------------------------------------------------Well                    Participants--------------------------------------Coonatie-16             BPT     17.14%PPL 131                 STO*    72.32%Gas Development         ORG     10.54%C/E Basin, SA-----------------------------------------------------------------------------------------------------Weekly Progress & Summary               Primary Targets---------------------------------------------------------------Report Time: 0600 hrs (CST) 16/06/2010  Callawonga, Toolachee,Depth:       1130m                      Epsilon, PatchawarraOperation:   Expect to recommence       Tirrawarra             drilling operations within              the next 48 hours. Progress:    0m-----------------------------------------------------------------------------------------------------Well                    Participants--------------------------------------Genoa North-2           BPT     30.00%PL 68                   STO*    70.00%Oil Development         C/E Basin, QLD-----------------------------------------------------------------------------------------------------Weekly Progress & Summary               Primary Targets---------------------------------------------------------------Report Time: 0600 hrs (CST) 16/06/2010  Birkhead Fm / Hutton SstDepth:       1816m (TD)                 mid-Namur (s) Operation:   Well has been cased and              suspended; rig move to              Inca-1 oil exploration              well location.        Progress:    5m----------------------------------------------------------------------------------------------------------------------Well                     Participants-------------------------------------------------------Williston Basin, North   BPT                     23.15%Dakota, USA              SEA                     24.02%Oil Appraisal            Helis* plus 7 others    52.83%----------------------------------------------------------------------------------------------------------------------Weekly Progress & Summary                  Primary Targets---------------------------------------------------------------Report Time: 0600 hrs (local) 15/06/2010  Three Forks FormationDepth:       3166m MD                     Bakken Formation (s)Operation:   Drilling build-up section.        Progress:    1790m---------------------------------------------------------------

For the complete Beach Energy announcement including Well Location Map, please view the following link:

http://www.abnnewswire.net/media/en/docs/63102-ASX-BPT-178497.pdf

Contact

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