Beach Energy Limited

Beach Energy Limited (ASX:BPT) (PINK:BEPTF) has contracted the Ensign#30 and Ensign#18 drilling rigs to carry out a minimum 16 well program on the Western Flank. The Ensign#30 rig is currently completing its move into the area and the Ensign#18 rig will move into the Western Flank on completion of its current contractual commitments with another operator.

Adelaide Energy Limited (ASX:ADE) release Holdfast-1 weekly drilling report ended 15 Feb 2011.

Beach Energy Limited (ASX:BPT) (PINK:BEPTF) advises it intends to make a non-cash accounting adjustment to the carrying value of its Basker-Manta-Gummy project (BMG). A nominal value for BMG will be retained while options are evaluated for a potential Phase 2 gas and liquids development project.

Beach Energy Limited (ASX:BPT) (PINK:BEPTF) advises a potential increase of reserves by approximately 12 million barrels of oil equivalent as part of its non-operated Cooper Basin Joint Venture (SACB JV).

Adelaide Energy Limited (ASX:ADE) release Holdfast-1 weekly drilling report ended 9 Feb 2011.

Beach Energy Limited (ASX:BPT) (PINK:BEPTF) advises that the Albanian Council of Ministers approved, on 31 January 2011, the Durresi Block License Petroleum Complimentary Agreement (Beach 25%, Island International Exploration B.V., a San Leon Energy subsidiary, 75% and operator).

Beach Energy Limited (ASX:BPT) (PINK:BEPTF) release monthly drilling report for the period ending 2 February 2011.

Beach Energy Ltd (ASX:BPT) (PINK:BEPTF) announced on 6 December 2010 a recommended and unconditional on-market cash offer of 8.5 cents per share for all of the issued and outstanding shares of Impress Energy Ltd (ASX:ITC) it did not own. Beach gained majority control of Impress on 14 December 2010 and has increased its relevant interest in Impress to above 70 percent.

Adelaide Energy Limited (ASX:ADE) release Holdfast-1 weekly drilling report ended 1 Feb 2011.

Adelaide Energy Limited (ASX:ADE) release Encounter-1 weekly drilling report ended 25 January 2011 and is looking forward to the initial results from the analysis of the cores taken during the drilling of Encounter-1.