Beach Energy Limited (ASX:BPT) Secures A$150 Million Financing Facility

Perth, July 1, 2011 AEST (ABN Newswire) - Beach Energy Limited (ASX:BPT) (PINK:BEPTF) are pleased to advise that with the support of the Commonwealth Bank of Australia ("CBA") it has today replaced its A$35 million working capital facility with a A$150 million revolving corporate credit facility.

Whilst Beach does not expect to use this facility in the immediate future, it firms up the strength of its Balance Sheet and will be used to underpin the aggressive exploration and development campaign set down for financial year 2012.

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