Beach Energy Limited (ASX:BPT) Monthly Drilling Report Ended 6 April 2011

Adelaide, April 6, 2011 AEST (ABN Newswire) - Beach Energy Limited (ASX:BPT) (PINK:BEPTF) provides monthly drilling report ending 6 April 2011.

AUSTRALIA

Beach Operated Cooper-Eromanga Oil - Western Flank

The successful Parsons-3 development well (Beach 75%) has been flowed at a rate of more than 5000 barrels/day of oil during completion operations. There was no water.

Parsons-4 was also successfully drilled as a development well to a total depth of 1413 metres in the Namur reservoir, intersecting 5.5 metres of oil pay. The well has been cased and suspended, and the rig is currently moving to the Butlers-2 location (also Beach 75%).

Beach Operated Cooper-Eromanga Basin Gas - PEL 106FI Block

The Canunda-1 extended production test has recommenced. This follows the successful workover completed in March to retrieve wireline and downhole pressure gauges. Data gathered from this test will help to define reservoir size and production characteristics of this high liquids gas field.

Beach Operated Cooper Basin Shale Gas Exploration - PEL 218

Holdfast-1 (Beach 90%), the second of a two-well back-to-back shale gas exploration program in the Nappamerri Trough, reached a total depth of 3487 metres in the Patchawarra Formation. During the month, a total of 382 metres of core was cut (93% recovery) through the target Roseneath-Epsilon-Murteree (REM) interval, and a comprehensive suite of wireline logging was conducted. Good gas shows were recorded through the target sequence. The well is currently being cased and cemented in preparation for further engineering and frac evaluations.

The extensive analysis program currently underway on samples from Holdfast-1 and from the earlier Encounter-1 will continue for several months. A frac program is planned to commence in mid May.

Santos Operated Cooper Basin Oil and Gas Development

The Moomba-184 gas development well (Beach 20.21%) spudded on 4-April and was drilling ahead in surface hole. This is the first well to be drilled by the new purpose-built Saxon-183 drilling rig.

Beach Operated Geothermal - Paralana Project, Arrowie Basin

Onsite work has been delayed due to rain. Fracture stimulation will now be conducted after earth works have been completed.

INTERNATIONAL

Kuwait Energy Operated Western Desert Oil Exploration - Abu Sennan Concession, Egypt

The ZZ-4 well (Beach 22%) has set 9 5/8" casing and continued drilling ahead on April 4. The well is an appraisal well of the Cretaceous GPZZ Oil Field and will be deepened to target oil exploration potential in the Jurassic. Current depth is 3598m with a prognosed total depth of 4,600m. ZZ-4 is the first in a multi-well drilling program designed to test several plays within the Abu Sennan concession.

For the complete Beach Energy announcement including tables, please view the following link:
http://www.abnnewswire.net/media/en/docs/182598.pdf

Contact

Corporate Reg Nelson Beach Energy Limited Tel: +61-8-8338-2833 Neil Gibbins Beach Energy Limited Tel: +61-8-8338-2833 Investor Relations Chris Jamieson Beach Energy Limited Tel: +61-8-8338-2833 Email: info@beachenergy.com.au http://www.beachenergy.com.au