Cooper, Beach Make New Oil Field Discovery

- Cooper, Beach Make New Oil Field Discovery

Tuesday, September 06, 2011
Cooper Energy Ltd.

Cooper Energy announced that Germein-1 in PEL92 has made a new oil field discovery.

Wireline logs have confirmed that Germein-1 discovered a 2.5 meters net oil column in the Namur Sandstone formation. The recoverable volumes will be estimated after the productive performance of the well has been observed.

Germein-1 has been suspended as a future PEL92 production well that will be tied into the PEL92 production system.

The rig will be moved to Butlers-4 well location. Butlers-4 is an appraisal/development well on the Butlers Oil Field. Further information on Butlers-4 well will be made at the appropriate time.

Joint Venture Participants are Cooper Energy (25%) and Beach Energy (75% and Operator).

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Beach Secures Rigs for Shale Gas Plays in Cooper Basin

- Beach Secures Rigs for Shale Gas Plays in Cooper Basin

Monday, August 29, 2011
Beach Energy Ltd.

Beach has secured two Ensign rigs, Ensign#65 and Ensign#16, to drill both horizontal and vertical wells targeting its unconventional gas play in the Nappamerri Trough of the Cooper Basin. From recent drilling results, it is clear that the target zone in PEL 218 (Beach 90%) goes beyond shale and incorporates other lithologies that are also gas saturated. Beach believes, that in addition to the substantial shale gas potential, it is now dealing with an unconventional basin centered gas play.

The 2012 program for these rigs will focus on pilot horizontal production wells in both ATP 855P (Beach 40%) and PEL 218, as well as a series of vertical delineation wells in PEL 218. The program is designed to test the significant potential of the basin centered play in what is now considered a thick, continuous, multi lithology gas accumulation across the PEL 218 permit and potentially ATP 855P.
Details of the rigs and the two separate programs are as follows:

Ensign#65 (ADR1500):

• New build 1,500 horsepower rig out of Canada and the US which is expected to arrive around April 2012;
• Encompasses the latest proven technology being used for drilling horizontal wells in the Haynesville shale province in the US;
• Will be built to meet Australian standards and conditions and has the capability to drill 1,500 meter laterals from a depth of 4,000 meters; and
• Will drill the first horizontal well in ATP 855P to target shale and other lithology target zones. Upon completion of this well, the rig will commence the horizontal pilot well program in PEL218, with two pilot horizontal wells planned adjacent to Holdfast-1 and Encounter-1.

Ensign#16:

• 1,200 horsepower rig used to drill Holdfast-1 and Encounter-1, which is currently in the Officer Basin and expected to be available around January 2012;
• Will drill a series of vertical wells in PEL 218 to continue the evaluation of the continuous basin centred gas play in the permit; and
• Has the capability of drilling to 4,270 meters, with the vertical program set to increase the size of the resource in PEL 218 beyond the initial booking of 2 trillion cubic feet. This booking relates to a restricted area of 100km2 around each of Holdfast-1 and Encounter-1.

Beach Managing Director Reg Nelson said, “Beach has started to unlock a significant basin centred unconventional gas play in the Cooper Basin. These two rigs will take us a step closer to understanding the extent of the gas resource that resides within our permits. The horizontal pilot wells to be drilled by Ensign#65 will be production style wells designed to flow gas at commercial rates. Should these wells be successful we will seek to commence a pilot development program as soon as possible.”

• PEL 218 (Permian JV): Beach (90% and Operator), Adelaide Energy Ltd (10%)
• ATP 855P: Beach (40% and Operator), Icon Energy Ltd (40%) and Adelaide Energy Ltd (20%)

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Beach to Construct New Flowline from Cooper Basin Western Flank

- Beach to Construct New Flowline from Cooper Basin Western Flank

Thursday, August 25, 2011
Beach Energy Ltd.

Beach has signed an agreement with Senex to tie-in the Growler Field (Beach 40%) to the Lycium oil field. It has also agreed with Senex to construct a trunkline from Lycium to the Moomba facility, however, the tie-in of this section remains subject to approval from the South Australian Cooper Basin (SACB) Joint Venture (~Santos Ltd 67%, Beach 20%, Origin Ltd 13%).

It is anticipated that the flowline from the Growler Field will be constructed in two main sections. The first section, directly from the Growler Field to the Lycium oil field, will consist of a six inch flowline with an initial capacity of approximately 8,000 barrels of oil per day. The equity interests for this section of flowline will be Beach 40% and Senex 60%.

Pending approval from the SACB Joint Venture, the main trunkline will service the whole of Beach's operated and non-operated Western Flank acreage and is planned to run between Lycium and the Moomba facility. The capacity of this eight inch trunkline is expected to be in the order of 15,000 barrels of oil per day. The equity interests for this section will be Beach 60% and Senex 40%.

Beach will undertake both the construction and operatorship of the flowlines, with the total cost of approximately $40 million to be effectively shared between Beach and Senex.

These flowlines will provide Beach with access to the Growler Field during times of flooding in much the same way it has for Beach's PEL 92 acreage during the recent flooding events. The second trunkline will also provide for increased production flows from Beach's operated PEL 91 and PEL 92 acreage as a result of recent development, appraisal and exploration success in the area.

The six well approved exploration program set down for PEL 104 and PEL 111 is expected to commence in October 2011, when flood waters are forecast to recede to levels where access can be restored. A number of Birkhead targets have been identified by the Operator which has had an exploration drilling success rate of 80% in the acreage to date.

The tenure of the Beach Operated Western Flank PEL's 91 and 92 have been granted a twelve month extension by PIRSA in acknowledgment that flooding has delayed exploration in the area. It is expected that the flowlines will be commissioned around June 2012.

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Beach Spotlights Discoveries in Egyptian Abu Sennan Concession

- Beach Spotlights Discoveries in Egyptian Abu Sennan Concession

Wednesday, August 24, 2011
Beach Energy Ltd.

Beach announced discoveries from its two wells in the Egyptian Abu Sennan concession, with production testing on both wells continuing to assess volumes and commerciality. It is expected that there will be an expeditious tie-in of the wells due to the location of the wells being within 10 kilometers of existing pipeline infrastructure. Details regarding the outcomes of the flow testing from the wells will be advised in due course.

GPZZ-4 was drilled as the first well of a six-well program in the Abu Sennan concession. During initial drilling, hydrocarbon shows were found in the lower and upper Bahariya Formations, and the Abu Roash "G" Member. An extensive testing program of these formations is currently underway.

The second well, Al Ahmadi-1, has also encountered hydrocarbon shows within the Kharita Formation, the lower Bahariya Formation, the Abu Roash "G" Member and the Abu Roash "E" Member. Hydrocarbon zones highlighted by the wireline logging and testing will be followed up with a significant cased hole testing program.

Beach Managing Director, Mr Reg Nelson said, "This is a fantastic result for Beach's International operations and is a credit to the team that identified the potential of this permit in Egypt's Western Desert. We have mentioned on a number of occasions that in order to grow reserves and production, one has to look beyond its own shores, hence why we strategically identified and invested in countries such as Egypt. These discoveries at Abu Sennan justify this strategy and we firmly believe that there will be further success in the not too distant future."

The Joint Venture equity interests in Abu Sennan are:

• Beach (via wholly owned subsidiary Beach Petroleum (Egypt) Limited) - 22%
• Kuwait Energy - 50% and Operator
• Dover Petroleum - 28%

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Beach Seals Tie-In Deal with Senex

- Beach Seals Tie-In Deal with Senex

Friday, August 19, 2011
Beach Energy Ltd.

Beach has signed an agreement with Senex to tie-in the Growler Field (Beach 40%) to the Lycium oil field. It has also agreed with Senex to construct a trunkline from Lycium to the Moomba facility, however, the tie-in of this section remains subject to approval from the South Australian Cooper Basin (SACB) Joint Venture (~Santos Ltd 67%, Beach 20%, Origin Ltd 13%).

It is anticipated that the flowline from the Growler Field will be constructed in two main sections. The first section, directly from the Growler Field to the Lycium oil field, will consist of a six inch flowline with an initial capacity of approximately 8,000 barrels of oil per day. The equity interests for this section of flowline will be Beach 40% and Senex 60%.

Pending approval from the SACB Joint Venture, the main trunkline will service the whole of Beach's operated and non-operated Western Flank acreage and is planned to run between Lycium and the Moomba facility. The capacity of this eight inch trunkline is expected to be in the order of 15,000 barrels of oil per day. The equity interests for this section will be Beach 60% and Senex 40%.

Beach will undertake both the construction and operatorship of the flowlines, with the total cost of approximately $40 million to be effectively shared between Beach and Senex.

These flowlines will provide Beach with access to the Growler Field during times of flooding in much the same way it has for Beach's PEL 92 acreage during the recent flooding events. The second trunkline will also provide for increased production flows from Beach's operated PEL 91 and PEL 92 acreage as a result of recent development, appraisal and exploration success in the area.

The six well approved exploration program set down for PEL 104 and PEL 111 is expected to commence in October 2011, when flood waters are forecast to recede to levels where access can be restored. A number of Birkhead targets have been identified by the Operator which has had an exploration drilling success rate of 80% in the acreage to date.

The tenure of the Beach Operated Western Flank PEL's 91 and 92 have been granted a twelve month extension by PIRSA in acknowledgment that flooding has delayed exploration in the area. It is expected that the flowlines will be commissioned around June 2012.

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Beach Strikes Oil at Elliston-1 Well

- Beach Strikes Oil at Elliston-1 Well

Monday, August 15, 2011
Beach Energy Ltd.

Beach Energy has made a new field oil discovery at Elliston-1, the second successful exploration well from three drilled in PEL 92 (Beach 75%) for the financial year to date.

The Elliston-1 well, located in the Western Flank of the Cooper Basin, encountered an oil column with net pay of three meters in the Namur Sandstone section of the well. Preliminary volumetric assessment indicates a discovery in the order of one hundred thousand barrels of recoverable oil (gross).

The Elliston-1 reservoir appears to be of high quality with the potential to deliver strong flow rates. As it is near infrastructure, the tie-in of the well should be relatively quick, with the well expected to be on-line in the fourth quarter.

Following the completion of the evaluation program, the Ensign #30 rig will be moved to the Perlubie-2 appraisal well which is located about four kilometers to the south of Elliston-1.

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Initial 2 Tcf Resource Booking at Beach's PEL 218

- Initial 2 Tcf Resource Booking at Beach's PEL 218

Wednesday, August 10, 2011
Beach Energy Ltd.

Beach Energy has completed its internal assessment of the resource potential of the Holdfast-1 and Encounter-1 vertical shale gas wells with the booking of an initial gross contingent resource of 2 trillion cubic feet (Tcf) of sales gas. While PEL 218 (Beach 90%) is approximately 1,600km2 in size, this resource booking has been constrained to areas of 100km2 around each of the two purpose drilled shale gas evaluation wells. Data collected to date indicate the shales are continuous across the PEL 218 acreage.

This resource booking equates to in excess of 330 million barrels of oil equivalent, or approximately 5 times Beach's June 30, 2010 reserves figure. The calculation of the shale resource is based on observed flows, following successful fracture stimulation and continued flow testing at Holdfast-1, and takes into account the main shale and mixed lithology formation target zones (the Roseneath Shale, Epsilon Formation, Murteree Shale and the top section of the Patchawarra Formation).

The resource calculation does not include significant upside potential expected in the, as yet, untested deeper sections of the Patchawarra Formation and the shallower Toolachee and Daralingie Formations. Prior to drilling Holdfast-1 and Encounter-1, the Patchawarra, Toolachee and Daralingie Formations were identified as potential resource targets for gas outside of structural closure. Both Holdfast-1 and Encounter-1 were specifically drilled off-structure to test this play, which confirmed gas saturation in these formations and the probability of a large basin centred gas accumulation in the permit.

While gas flow from the upper Patchawarra interval has confirmed that this formation is productive outside of closure, the remaining shallower intervals (Toolachee and Daralingie) and the deeper Patchawarra Formation sediments, are yet to be tested, and will be targeted for flow testing during follow up exploration and appraisal activity. This is scheduled to commence in the next six to twelve months to investigate the potential to more than double the identified resource in the permit.

This internal resource estimate of 2 Tcf will contribute to a material increase in Beach's total contingent resource, the details of which will be released later this month. As is the normal course of events, an independent review of this resource estimate will take place in due course.

Beach Managing Director, Reg Nelson said, "The booking of a contingent resource of this size is a clear indication of the potential within our shale gas acreage in the Cooper Basin. We are confident, as a result of drilling both Holdfast-1 and Encounter-1 off-structure, that we have a contiguous, thick and gas saturated shale, as well as a basin centred gas play, within PEL 218. The resource booking announced today is likely to be just the beginning of more to come as we continue to de-risk the area through further testing of our two existing wells and our pilot program set down for 2012."

Participants in PEL 218 (Permian JV) are:

• Beach (Operator) 90%
• Adelaide Energy Ltd 10%

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Beach Makes Oil Discovery at AU Western Flank

- Beach Makes Oil Discovery at AU Western Flank

Monday, August 01, 2011
Beach Energy Ltd.

Beach Energy announced two new field oil discoveries at Bauer-1, the third successful well in a five well exploration drilling campaign in PEL 91, and at Rincon-1, the final exploration well of the initial eleven well program for PEL 92. The commencement of the FY12 Joint Venture approved nine well exploration and development program, set down for PEL 92, will now follow this program.

The Bauer-1 well (Beach (Operator) - 40%, Drillsearch Energy Ltd - 60%) encountered a gross oil column of fifteen meters, with thirteen meters of net pay, in the McKinlay/Namur Sandstone section of the well. Preliminary volumetric assessment indicates the potential of the discovery could be in the order of two million barrels of recoverable oil (gross).

Following the completion of the evaluation program, the Ensign#18 rig will be moved to the Searcy-1 exploration well which is located approximately eight and a half kilometers to the north-east of Bauer-1. Bauer-1 is expected to be on-line in the fourth quarter of 2011.

The Rincon-1 well (Beach (Operator) - 75%, Cooper Energy Ltd - 25%) encountered a gross oil column of five meters, with four and a half meters of net pay, in the McKinlay/Namur Sandstone section of the well. Beach’s preliminary volumetric assessment suggests up to five hundred thousand barrels of recoverable oil (gross).

Following the completion of the evaluation program, the Ensign#30 rig will be moved to the Elliston-1 exploration well which is located approximately 25 kilometers to the south of Rincon-1. Options to bring Rincon-1 on-line are currently being assessed.

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Beach, Icon Enter Farmin Agreement for ATP 855P

- Beach, Icon Enter Farmin Agreement for ATP 855P

Friday, July 15, 2011
Beach Energy Ltd.

Beach and Icon have resolved their dispute in relation to the prospective ATP 855P tenement, and have agreed to work together under a Farmin Agreement executed today.

Under the terms of their agreement:

• The Federal Court proceedings will be discontinued;
• Icon has now transferred a 40% interest in ATP 855P to Beach (subject to Ministerial approval);
• Beach will drill a horizontal pilot unconventional well into one of the strata comprising the Roseneath, Epsilon & Murteree sequence, then case and suspend the well, suitable for fracture stimulation, which is expected to occur within 30 days of rig release from the well;
• Beach will fund Icon's share of the farmin operations at an estimated cost of $16 million (gross), with the exception of a $1.75 million contribution to be made by Icon;
• the cost of fracture stimulation, completing and flow testing the well will be paid by the Joint Venture parties in proportion to their Participating lnterest shares;
• Beach will be recommended by Icon to be the operator of the ATP 855 permit;
• Icon will be recommended by Beach to undertake the management of coal seam gas operations in both ATP 855P and PEL 218 Post Permian Joint Ventures; and
• Beach will effect the assignment of Icon's Phase 2 Post Permian PEL 218 interest upon Ministerial consent to the transfer of a 40% interest to Beach in ATP 855P, giving Icon a 33.333% interest in the PEL 218 Post Permian Joint Venture.

The interests of the parties in ATP 855P following this agreement are:

• Beach Energy Limited (40%)
• Icon Energy Limited (40%)
• Deka Resources Pty Ltd (10%)
• Well Traced Pty Ltd (10%)

Both Beach and Icon are pleased with this agreement, and look forward to working closely together with each other and the other ATP 855P participants to develop the exciting prospects offered in the emerging shale gas play in the Nappamerri Trough in southwest Queensland.

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Beach Begins Gas Flow at AU's First Shale Well

- Beach Begins Gas Flow at AU's First Shale Well

Tuesday, July 12, 2011
Beach Energy Ltd.

A significant gas flow of up to 2 million standard cubic feet per day (MMscf/d) has been achieved from Beach's Holdfast-1 exploratory shale gas well in the Cooper Basin. Holdfast-1, the first well drilled to examine the shale gas potential of the thick Roseneath-Epsilon-Murteree shale sequence in the Cooper Basin, is a vertical data gathering well that was recently flow stimulated in seven stages.

Hot water, steam and low levels of gas started to flow from the well on 1 July upon the commencement of post-stimulation clean-up activities. Late on Friday 8 July the flow was diverted through on-site separation equipment to more reliably measure the gas and stimulation fluid rates. With separation of the gas from the returning stimulation fluid the gas flare was successfully ignited. The gas flow rates, now measured, have remained steady at around 1.8 MMscf/d.

Beach regards the flow rates as significant, given the potential for higher flow rates from future horizontal wells. Follow up wells are planned to be drilled to target the optimal producing zone identified by the extensive coring, stimulation and testing program which has been undertaken by Beach in the Nappamerri Trough.

Beach Managing Director, Reg Nelson, said, "We are delighted and excited by this initial flow rate from Holdfast-1. So far the results give us confidence that these shale target zones, which underlie the conventional oil and gas bearing formations in the Cooper Basin, will significantly increase the natural gas potential of this area. It is still early days but this flow rate looks to be very significant."

Mr. Nelson added, "While these results are preliminary at this stage, it does suggest that significantly larger flow rates may be achievable in an optimally designed, pilot horizontal well. Holdfast-1 was deliberately designed to allow us to experiment with different stimulation techniques and to test different zones within a thick sequence of shales and other lithologies to determine which approach could be applied for the best results when designing a pilot production well."

Beach previously reported the flow stimulation of the Holdfast-1 well had been completed successfully with the various selected target zones fracturing vertically, in line with expectations. The vertical nature of the induced fracturing augurs well for future horizontal production wells.

A variety of well perforation techniques, fluid viscosity and proppant sizes was used in the stimulation of Holdfast-1 to provide a range of information on the response and performance of the different shale and tight rock zones intersected in the Permian aged section of the well. This approach is intended to identify which techniques are best suited to the pilot production program set down for 2012. This program will consist of two horizontal wells, one at each location.

The flow stimulation of Holdfast-1 was undertaken in seven stages, targeting the primary target zones of the Roseneath Shale (two stages), the Epsilon Formation (three stages) and the Murteree Shale (one stage), as well as a deeper secondary zone, the Patchawarra Formation (one stage).

Mr. Nelson said, "While we are greatly excited by the results from the Holdfast-1 well to date, we are not surprised by them. Beach has applied an extremely thorough and detailed technical approach over the past few years to its shale gas research, which identified the Cooper Basin, and more particularly the Nappamerri Trough, as one of the most prospective shale gas provinces in Australia. Beach has been a pioneer of shale gas exploration in Australia and is now best placed to lead the development of the shale gas industry through its accumulated expertise, its acknowledged competence as an operator and the fact that the Cooper Basin has well established infrastructure in place to assist in commercialization of this opportunity."

Participants in PEL 218 (Permian JV) are:

• Beach (Operator) 90%
• Adelaide Energy Ltd 10%

The Cooper Basin is the most prolific onshore petroleum province in Australia, having produced approximately 6 Tcf of gas to date, and is ideally situated as it has the necessary infrastructure for the delivery of oil and gas to the Eastern Australian markets. Within the Cooper Basin, Beach currently holds interests of approximately 20% of the SACB JV (Santos operated), this includes infrastructure such as the Moomba production facility, approximately 23% of the SWQ JV (Santos operated) as well as various oil interests of between 40-75% on the Western Flank of the Cooper Basin.

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Beach Hits Oil Pay at Parsons-5

- Beach Hits Oil Pay at Parsons-5

Thursday, June 30, 2011
Beach Energy Ltd.

Beach Energy Ltd. announced Thursday that it has successfully encountered a six-meter oil column at the Parsons-5 development well in the Cooper Basin Western Flank.

Beach had its fifth success in its PEL 92 drilling program with two wells remaining to be drilled. The Parsons-5 well, located 1.3km south of the Parsons-1 discovery well, encountered a six meter oil column.

The Parsons-5 oil column was encountered in the Namur Sandstone reservoir and was consistent with pre-drill expectations. The confirmed updip position with respect to Parsons-2 will result in an upgrade of recoverable oil reserves from the Parsons Field.

Beach will announce a firmer reserve assessment as appropriate data becomes available, but preliminary work suggests that well results from the current drilling program, plus continued strong production performance, will result in an reserve increase in excess of 800,000 barrels for the Parsons Field.

Parsons-5 is expected to be tied in during the second half of the year through the Parsons oil facility. Oil from the Parsons Field is transported from the Western Flank by flowline to Tantanna, from where it is currently trucked to Moomba, and hence not impacted by any flooding in the area.

The next well to be drilled in the PEL 92 program will be the Wheatons-1 exploration well, which is located about 10km to the north of the Parsons Field. Participants in PEL 92 are:

• Beach (Operator) 75%
• Cooper Energy Limited 25%

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Beach Starts Flow Stimulation at Holdfast-1

- Beach Starts Flow Stimulation at Holdfast-1

Tuesday, June 14, 2011
Beach Energy Ltd.

Beach advised 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 Ltd 10%

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Beach to Begin Flow Stimulation at Holdfast Shale Well

- Beach to Begin Flow Stimulation at Holdfast Shale Wel

Thursday, June 09, 2011
Beach Energy Ltd.

Beach has rigged up on site, conducted mechanical checks and is ready to commence stimulation of the target zone in its PEL 218 Holdfast-1 shale gas well.

The flow stimulation of Holdfast-1 will be undertaken in eight stages and is expected to be completed within two weeks, with the first flow results expected in early July.

Both the Holdfast-1 and Encounter-1 wells were specifically designed as data gathering wells and not production wells. This will likely result in lower flow rates than would otherwise be achieved from horizontal wells typically used in plays in the USA and likely to be used in Beach's future production and development activity.

Flow stimulation of conventional gas wells has been an ongoing part of gas production in the Cooper Basin over the past 40 years, however, this will be the first time flow stimulation has specifically targeted shale target zones at depth.

The Encounter-1 shale well has experienced completion delays as a result of a well bore mechanical issue. During final checks of the recently installed stimulation work string, some adjustments were found to be necessary. While attempting to recover the work string from the wellbore, difficulties were experienced in removing it from the downhole latch assembly and it appears additional equipment will now be required to resolve the issue. This will likely result in a delay in the stimulation activities of Encounter-1.

There will be no impact on the shale gas pilot production program, set down for early 2012, as a result of the likely delay in the Encounter-1 flow stimulation. Indeed, this now provides Beach with more time to assess the results from Holdfast-1, from which it will be able to optimize the flow stimulation of the Encounter-1 well should it be required.

It is expected that a shale gas resource addition will be made in July/August 2011.

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Beach Discovers Additional Oil Pay in Cooper Basin

- Beach Discovers Additional Oil Pay in Cooper Basin

Monday, May 30, 2011
Beach Energy Ltd.

Beach announced a new field oil discovery has been made at Hanson-1, the first well in a five well exploration drilling campaign in PEL 91.

A gross oil column of seven meters, with five meters of net pay, was encountered in the Namur Sandstone section of the well. Preliminary volumetric assessment suggests up to one million barrels of recoverable oil (gross), with oil shows also encountered over a twenty four meter interval in the Birkhead Formation. These shows are currently being evaluated on wireline logs.

Hanson-1 is expected to be on-line in the third quarter of 2011, with transportation of oil from PEL 91 to be undertaken by truck in the short to medium term.

Following the completion of the evaluation program, the Ensign#18 rig will be moved to the Snellings-1 exploration well which is located about 1.5 kilometers to the north of Hanson-1.

Participants in PEL 91 are:

• Beach (Operator) 40%
• Drillsearch Energy Ltd 60%

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Beach Welcomes New Non-Executive Director

- Beach Welcomes New Non-Executive Director

Friday, May 27, 2011
Beach Energy Ltd.

Beach has appointed an additional Independent Non-Executive Director, Ms. Belinda Robinson, to its Board.

Ms. Robinson is the outgoing Chief Executive of the Australian Petroleum Production & Exploration Association (APPEA), a role she has held since July 2005. In her time at APPEA, Ms. Robinson has worked tirelessly to deliver the policy, regulatory and fiscal framework necessary to underpin the full growth potential of Australia's oil and gas industry. She is a regular public speaker on energy policy and the promotion of Australia's oil and gas industry. During her tenure, membership has more than doubled and the profile and influence of APPEA has led to it becoming one of Australia's preeminent national industry bodies. Testament to this achievement has been the success of the most recent APPEA conference, held in Perth, which recorded the largest delegate attendance in its history.

Having held a number of senior and senior executive positions within the federal Government, including almost a decade with the Department of the Prime Minister and Cabinet, and as a former chief executive of the Australian Plantation Products & Paper Industry, Ms. Robinson brings to the Beach Board extensive knowledge and experience in public policy, government processes, change management and corporate governance. She is a member of the Australian Institute of Company Directors, has completed the Company Director Diploma and is currently participating in the AICD's ASX 200 Chairman's Mentoring Program.

Ms. Robinson will join the existing Board of Mr. Robert Kennedy (Independent Non-Executive Chairman), Mr. Glenn Davis (Independent Non-Executive Deputy Chairman), Mr. Reg Nelson (Managing Director), Mr. Neville Alley (Independent Non-Executive Director), Mr. Franco Moretti (Independent Non-Executive Director) and Mr. John Butler (Independent Non-Executive Director).

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Beach to Commence Shale Flow Stimulation in June

- Beach to Commence Shale Flow Stimulation in June

Thursday, May 19, 2011
Beach Energy Ltd.

Beach will commence flow stimulation of its Holdfast-1 shale well in early June, which will be followed immediately by the flow stimulation of the Encounter-1 shale well.

In preparation for flow stimulation, the Holdfast-1 well has been successfully completed with Encounter-1 completion expected to be finalized within the next week.

The flow stimulation process may take up to two weeks for each well, after which they will be flow tested in preparation for a resource booking in July/August 2011.

Both Holdfast-1 and Encounter-1 are data gathering wells and as such are not designed to flow at levels expected of a production well.
The design of pilot production wells will be based on information gathered from the flow stimulation of, and earlier core samples retrieved from, Holdfast-1 and Encounter-1. The timing of these pilot production wells will be primarily driven by equipment availability, and as such, it is anticipated that the pilot production program will now commence early in 2012.

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Beach Issues Drilling Report

Beach Issues Drilling Report

Beach Energy Limited

Beach Energy Limited on Wednesday issued its drilling report for the month ended 4 May 2011.

Australia

Beach Operated Cooper-Eromanga Oil - Western Flank

During the reporting period two successful wells have been drilled on the Butlers Field.

Butlers-2 was drilled approximately 950m NE of Butlers-1 and intersected 5 meters of oil pay in high quality Namur Sandstone. The well has been cased and suspended.

This success was followed by Butlers-3 which has also been cased and suspended as a Namur Sandstone oil producer. It was drilled to a total depth of 1,365m and intersected 3 meters of oil pay.

Ensign Rig-30 has now been moved to the Parham-1 location and marks the start of the exploration phase of the campaign. There are currently seven approved wells yet to be drilled in the program.

Each of the above wells lie in PEL-92 (Beach 75%).

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

The Canunda-1 extended production test is continuing. The well is now shut in for an extended pressure build-up, analysis of which will provide insight into reservoir size and shape. A total of 100 MMscf raw gas (including 15 kstb condensate sales) has been produced during the test.

Beach Operated Cooper Basin Shale Gas Exploration - PEL 218

Analyses and evaluation continued on the core and logs recovered from Encounter-1 and Holdfast-1 (Beach 90%). In preparation for the fracture stimulation program in the second half of May the completion work at Holdfast-1 commenced at the end of the month. Holdfast-1 and Encounter-1 are to be completed with 4 1/2" tubing to enable high pressure fracture stimulation of up to eight zones in each of the wells.

Santos Operated Cooper Basin Oil and Gas Development

The Moomba-184 gas development well (Beach 20.21%) has been cased and suspended as a future Toolachee Formation gas producer. The Saxon-183 drilling rig has moved to the Moomba-185 (Beach 20.21%) location and is currently drilling the surface hole.

Beach Operated Geothermal - Paralana Project, Arrowie Basin

The fracture stimulation at Paralana-2 has been delayed due to equipment availability constraints.

INTERNATIONAL

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

The ZZ-4 well (Beach 22%) is drilling ahead in the Jurassic Khatatba Formation on May 2. The well is an appraisal well of the Cretaceous GPZZ Oil Field and has been deepened to target hydrocarbon exploration potential in the older Jurassic sequence. Current depth is 4,661m with a prognosed total depth of 4,884m. ZZ-4 is the first in a multi-well drilling program designed to test several play concepts within the Abu Sennan concession.

Beach Energy Limited is a long established oil and gas Exploration and Production Company. Based in Adelaide, South Australia, the Company has oil and gas reserves of 66 million barrels of oil equivalent (at 30 June 2009), an annual production in the 2008/09 Financial Year of 9.6 million barrels of oil equivalent and an active exploration program within a balanced global portfolio of tenements.

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Butlers Well Delivers for Beach Energy

Butlers Well Delivers for Beach Energy

Wednesday, April 27, 2011
Cooper Energy Ltd.

Cooper Energy announced that Butlers-3 was drilled to a total depth of 1,365 meters and wireline logs have confirmed that it has intersected a 3 meter oil column in excellent quality Namur sandstone reservoir. This result confirms the northern extent of the field, as mapped. Butlers-3 is the fourth well in the 2011 PEL92 area drilling campaign and is the second development well of the Butlers oil field.

The well has been cased and suspended, and the rig is preparing to move. The well will be tied-back to the Butlers production facilities at a later date and will provide an additional drainage point for the Namur oil reservoir to the northwest of the Butlers-1 discovery well.

The impact on production rates and reserves will be assessed once the full results of the current Butlers appraisal/development drilling program have been evaluated and production rates from the new development wells have been established.

The next well in the eleven well drilling program is Parham-1, an exploration well located about 1 km to the southwest of the Butlers-1 discovery well. The details pertaining to Parham-1 will be announced when the well spuds.

Joint Venture Participants are Cooper Energy (25%) and Beach Energy (75% and Operator).

Beach Briefs Interruption at Tantanna Pipeline

Beach Briefs Interruption at Tantanna Pipeline

Tuesday, April 19, 2011
Beach Energy Ltd.

Beach has been informed by Santos that the pipeline between the Tantanna facility and the Gidgealpa facility has been interrupted due to integrity concerns and is currently being assessed.

The pipeline operated by Beach that feeds the Tantanna facility and transports all the crude oil from the PEL 92 Western Flank oil fields (Beach 75% and Operator, Cooper Energy 25%), remains fully operational. The current capacity of the Beach operated pipeline is approximately 6,000 barrels of oil per day (4,500 barrels of oil per day net to Beach).

Beach is considering all its options at this stage and has started to mobilize trucks to transport the oil from Tantanna to Moomba in the interim. Success to date at Parsons-3, Parsons-4 and Butlers-2 in PEL 92, underpins the Western Flank drilling campaign that is targeting a net increase in reserves to Beach of 6 million barrels of oil.

Beach Discovers Oil at Butlers Well

Beach Discovers Oil at Butlers Well

Wednesday, April 13, 2011
Beach Energy Ltd.

Beach had its third success from as many wells in its 16 well operated program in the Western Flank of the Cooper Basin with the Butlers-2 well encountering a five meter oil column. The Butlers-2 well is located 950 meters NE of the Butlers-1 discovery well.

The Butlers-2 oil column was encountered in the Namur Sandstone reservoir and was consistent with pre-drill expectations. The large step-out will result in an upgrade of recoverable oil reserves from the Butlers Field of approximately 1.5 million barrels (gross), subject to remapping and a detailed review of the well data. Beach will announce a firmer reserve assessment as appropriate data becomes available.

Butlers-2 is is expected to be on-line around mid-July after completion of the new Butlers oil facility. Oil from the Butlers Field is transported from the Western Flank by flowline to Moomba. The success at Butlers-2 is likely to lead to additional development drilling in the Butlers Field. The Ensign#30 rig will now be moved to the Butlers-3 development well location which is located about 320 meters to the NW of Butlers-1.

Participants in PEL 92 are:

* Beach 75% (Operator)
* Cooper Energy Limited 25%