Beach Petroleum Limited (ASX:BPT) Weekly Drilling Report Week Ending 16 September 2009

Adelaide, Sep 17, 2009 AEST (ABN Newswire) - Beach Petroleum Limited (ASX:BPT)(PINK:BEPTF) drilling report for the week ending 16 September 2009, highlights of the week's activities include:

Beach Operated Bass Basin - Offshore Tasmania: Spikey Beach-1 (T/38P)

Spikey Beach-1 (Beach 80% in Spikey Beach Farmout Blocks) targeting oil in the Upper Eastern View Group reached final total depth of 2100m MDRT on 14 September. No significant hydrocarbon shows were encountered and the well is being Plugged and Abandoned. It is expected that the Ocean Patriot will be released on 19 September.

Egypt - North Shadwan Concession - Gulf of Suez

The NS 394-3 [Burtocal North] offshore oil exploration well (Beach 20%) is drilling ahead at a depth of 672 metres after spudding on 14 September. Its primary target is the Nubia Sandstone.

The NS377-3 oil development well (Beach 20%) is expected to spud on Saturday 19 September. This will be an extended reach production well to be drilled from an onshore location to intersect the offshore Kareem Formation oil pool at a location approximately 150 metres north of the GH377-1 discovery well.

Beach Petroleum Operated Cooper / Eromanga Exploration (PEL 218)

Wakefield-1 (Beach 23.33% in Post Permian JV), targeting oil in the Namur and Hutton Sandstones, spudded Thursday 10 September. Current operation is drilling ahead in the Cretaceous at a depth of 1467 metres. Beach is being free carried through the drilling of this well.

---------------------------------Well               Participants---------------------------------Wakefield-1        BPT*    23.33%PEL 218            ADE     10.00%Oil Exploration    ICN***  33.33%C/E Basin, SA      DEK***   5.02%                   WEL***   5.02%                   BUY**   23.28%-------------------------------------------------------Weekly Progress & Summary            Primary Targets-------------------------------------------------------Report Time: 0600(CST) 06/09/2009    Namur SandstoneDepth:       1467m                   Hutton SandstoneOperation:   Drilling ahead in             the Cretaceous.Progress:    1467m---------------------------------Well               Participants---------------------------------Spikey Beach-1     BPT     80.00%T/38P              CUE     10.00%Oil Exploration    EXO     10.00%Bass Basin, Tas-------------------------------------------------------Weekly Progress & Summary              Primary Targets-------------------------------------------------------Report Time: 0600 hrs(CST) 16/09/2009  Upper Eastern ViewDepth:       2100m(TD)                 GroupOperation:   Well is being plugged             and abandoned.Progress:    1284m--------------------------------------Well                    Participants--------------------------------------Paralana-2              BPT*    21.00%GEL 178                 PTR     69.00%Geothermal Exploration  TRU     10.00%Arrowie Basin, SA--------------------------------------------------------Weekly Progress & Summary                Primary Targets--------------------------------------------------------Report Time: 0600 hrs(CST) 16/09/2009    Upper CannanaDepth:       2466m                       or Bolla BollanaOperation:   Drilling ahead in 8.5" hole.Progress:    213m------------------------------------Well                  Participants------------------------------------NS 394-3              BPT     20.00%(Burtocal-Nth)        BP*     50.00%Oil Exploration Well  TOE     30.00%N. Shadwan, Egypt--------------------------------------------------------Weekly Progress & Summary                Primary Targets--------------------------------------------------------Report Time: 0600hrs(Egypt) 15/09/2009   Nubia SandstoneDepth:       672m                        Matulla SandstoneOperation:   Drilling ahead in 16" hole.Progress:    672m---------------------------------Well               Participants---------------------------------NS 377-3           BPT     20.00%Oil Development    BP*     50.00%North Shadwan      TOE     30.00%Egypt--------------------------------------------------------Weekly Progress & Summary                Primary Targets--------------------------------------------------------Report Time: 0600 hrs(local) 15/09/2009  Nubia SandstoneDepth:Operation:   Rigging up, expect to             spud on 20 September.Progress:---------------------------------Well               Participants---------------------------------Surlow-2           BPT     23.20%PL 205             STO*    60.06%Gas Development    ORG     16.74%C/E Basin, QLD-------------------------------------------------------Weekly Progress & Summary              Primary Targets-------------------------------------------------------Report Time: 0600 hrs(CST) 16/09/2009  Patchawarra FormationDepth:       31m                       Birkhead Formation(s)Operation:   Drilling surface hole.Progress:    31m---------------------------------Well               Participants---------------------------------Charo-7            BPT     20.21%PPL 177            STO*    66.60%Oil Appraisal      ORG     13.19%C/E Basin, SA-------------------------------------------------------Weekly Progress & Summary              Primary Targets-------------------------------------------------------Report Time: 0600 hrs(CST) 16/09/2009  Birkhead FormationDepth:       1880m (TD)Operation:   Well is cased and suspended as a future Birkhead             Formation and Hutton Sandstone oil producer.Progress:    0m---------------------------------Well               Participants---------------------------------Okotoko West-2     BPT     23.20%PL 288 (ATP 259P)  STO*    60.06%Gas Development    ORG     16.74%C/E Basin, QLD-------------------------------------------------------Weekly Progress & Summary               Primary Targets-------------------------------------------------------Report Time: 0600 hrs(CST) 16/09/2009   Hutton SandstoneDepth:       2465m (TD)                 Patchawarra Fm(s)Operation:   Well is cased and suspended as a future Toolachee             Formation and Patchawarra Formation gas producer.Progress:    0m* Operator(s)    Secondary TargetsORG    Origin Energy Resources LtdBPT    Beach Petroleum LtdICN    Icon Energy LtdADE    Adelaide Energy LtdORG    Origin Energy Resources LtdBP     BP Exploration (Delta)PTR    Petratherm LtdBUY    Bounty Oil & Gas NLSTO    Santos LimitedCOE    Cooper EnergyTOE    TriOcean EnergyCUE    Cue Energy ResourcesTRU    TRUenergy Pty LtdDEK    Deka Resources Pty LtdWEL    Well Traced Pty LtdEXO    Exoil Ltd

** Bounty Oil & Gas NL earning 23.28% interest in Post Permian strata in PEL 218 through Deka and Well Traced upon completion of drilling of Wakefield-1 and execution of assignment documentation.

*** Icon (10%), Well Traced (5%) and Deka (5%) earning additional interests in Post Permian strata in PEL 218 through Beach upon completion of drilling of Wakefield-1 and execution of assignment documentation. Participation interests shown are final interests that will be earned (include Deka and Well Traced farmouts to Bounty).

Contact

Hector Gordon Chief Operating Officer TEL: +61-8-8338-2833