Beach Energy Limited (ASX:BPT) Commenced Flow Stimulation of Holdfast-1

Adelaide, June 14, 2011 AEST (ABN Newswire) - Beach Energy Limited (ASX:BPT) (PINK:BEPTF) advises that the flow stimulation of Holdfast-1 commenced over the weekend.

This is the first time flow stimulation has specifically targeted shale target zones at depth in the Cooper Basin, with the flow stimulation of Holdfast-1 to be undertaken in eight stages.

It is expected that the stimulation process will be completed within two weeks, after which the flow testing will commence (early July).

Participants in PEL 218 (Permian JV) are:

- Beach (Operator) 90%
- Adelaide Energy Limited (ASX:ADE) 10%

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