Beach Energy Limited

Beach Energy Limited (ASX:BPT) (PINK:BEPTF) is expecting its second shale gas well, Holdfast-1, to spud later today. Beach's second shale oil well in North Dakota USA, Henderson Federal 4-26H, is flowing at 1,900 bopd during its clean up stage.

Adelaide Energy Limited (ASX:ADE) is pleased to release Holdfast-1 Weekly drilling report ended 18 January 2011.

Adelaide Energy Limited (ASX:ADE) is pleased to release Encounter-1 weekly drilling report ended 11 January 2011.

Beach Energy Limited (ASX:BPT) (PINK:BEPTF) advises its on-market takeover offer, announced on 6 December 2010 for all of the issued shares in Impress Energy Limited (ASX:ITC) in which it does not have a relevant interest, is extended to the close of ASX trading on Monday, 21 February 2011.

Drillsearch Energy Ltd (ASX:DLS) (PINK:DRLLF) is providing this update on the progress of the Canunda-1 Condensate Discovery extended production test. The PEL 106B joint venture - Drillsearch (50%) and Beach Energy Ltd (50% Operator) Canunda-1 extended production test (EPT) will recommence after a work over to allow for not only retrieval of wireline and pressure gauges but also reconfiguration of the well to optimise production performance from the rich condensate/volatile liquids pay interval.

Beach Energy Limited (ASX:BPT) (PINK:BEPTF) is pleased to release monthly drilling report ending 5 January 2011.

Adelaide Energy Limited (ASX:ADE) would like to advise that following the completion of the first well in the PEL 218 Permian Joint Venture (Encounter 1), the rig has now been moved to the second location, Holdfast 1 and operations are expected to commence shortly. ADE will commence weekly progress reports starting next week.

Beach Energy Limited (ASX:BPT) (PINK:BEPTF) advises the following in relation to its operations in PEL's g1 and 92 on the Western Flank of the Cooper Basin.

Adelaide Energy Limited (ASX:ADE) is pleased to announce that the Encounter-1 well has been cased and suspended and that the Operator, Beach Energy Ltd (ASX:BPT) (PINK:BEPTF) has advised that the rig will be released shortly. Accordingly, this is the final drilling report for this well.

Beach Energy Limited (ASX:BPT) (PINK:BEPTF) advises the following in relation to the Encounter-1 Shale Gas exploration well.