Beach Petroleum Limited (ASX:BPT) Weekly Drilling Report Week Ending 23 September 2009

Adelaide, Sep 24, 2009 AEST (ABN Newswire) - Beach Petroleum Limited (ASX:BPT)(PINK:BEPTF) drilling report for the week ending 23 September, 2009 are attached. Highlights of the week's activities include:

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, has reached total depth at 2298 metres in the Nappamerri Formation and is preparing to run wireline logs. Fair hydrocarbon shows have been observed within the Murta, Namur, Adori and Birkhead Formations.

Egypt - North Shadwan Concession - Gulf of Suez

The NS 394-3 [Burtocal North] offshore oil exploration well (Beach 20%) has reached a depth of 1315 metres and is running intermediate casing. Its primary target is the Nubia Sandstone.

The NS377-3 oil development well (Beach 20%) is expected to spud this week. This will be an extended reach production well 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.

---------------------------------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) 23/09/2009   Namur SandstoneDepth:       2298m (TD)              Hutton SandstoneOperation:   Pulling out of hole             to run wireline logs.Progress:    831m--------------------------------------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) 23/09/2009  Upper CannanaDepth:       2777m                      or Bolla BollanaOperation:   Running in hole to             drill ahead.Progress:    311m------------------------------------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) 22/09/2009 Nubia SandstoneDepth:       1315m                     Matulla SandstoneOperation:   Working stuck casing.Progress:    643m---------------------------------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) 21/09/2009  Nubia SandstoneDepth:Operation:   Preparing to spud.Progress:    0m---------------------------------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) 23/09/2009  Patchawarra FormationDepth:       2023m                      Birkhead Formation (s)Operation:   Drilling ahead in the             Nappamerri Group.Progress:    1992m---------------------------------Well               Participants---------------------------------Bobs Well-2        BPT     20.21%PPL 89             STO*    66.60%Gas Development    ORG     13.19%C/E Basin, SA-------------------------------------------------------Weekly Progress & Summary              Primary Targets-------------------------------------------------------Report Time: 0600 hrs(CST) 23/09/2009  Patchawarra FormationDepth:       816mOperation:   Surface casing set.             Testing blow out preventers.Progress:    816m(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, Well Traced and Deka 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