Beach Energy Limited

Beach Energy Limited (ASX:BPT) (PINK:BEPTF) announced on Monday, 7 November 2011, an unconditional, on-market, cash offer of 20 cents per share ("Offer") for all of the issued and outstanding ordinary shares of Adelaide Energy Limited (ASX: ADE, "Adelaide Energy") it did not own. On Thursday, 10 November 2011, Beach gained majority control of Adelaide Energy and has since increased its relevant interest in Adelaide Energy to 71.46 percent.

Beach Energy Limited (ASX:BPT) (PINK:BEPTF) announced on Monday, 7 November 2011, an unconditional, on-market, cash offer of 20 cents per share for all of the issued and outstanding ordinary shares of Adelaide Energy Limited (ASX:ADE) it did not own. On Thursday, 10 November 2011, Beach gained majority control of Adelaide Energy and has since increased its relevant interest in Adelaide Energy to 65.53 percent.

Beach Energy Limited (ASX:BPT) (PINK:BEPTF) has requested that Adelaide Energy Limited (ASX:ADE) call a general meeting, under section 249D of the Corporations Act, 2001, at which it is expected that Adelaide Energy shareholders will remove all of the Adelaide Energy board members.

Beach Energy Limited (ASX:BPT) (PINK:BEPTF) advises it has increased its relevant interest in Adelaide Energy Limited (ASX:ADE) to 60.93%, as a result of continued on-market acceptances by Adelaide Energy shareholders.

Beach Energy Limited (ASX:BPT) (PINK:BEPTF) is pleased to announce the appointment of Mr. Rod Rayner to its Executive Management Team in the role of Group Executive - Strategic Business and External Affairs.

Beach Energy Limited (ASX:BPT) (PINK:BEPTF) achieves its primary goal of majority control in its takeover offer for Adelaide Energy Limited (ASX:ADE) and now has a relevant interest of 55.31%.

Beach Energy Limited (ASX:BPT) (PINK:BEPTF) announced an unconditional, on market, cash offer of 20 cents per share ("Offer") for all of the issued and outstanding ordinary shares of Adelaide Energy Limited (ASX:ADE) ("Adelaide Energy") it did not own. Beach has now secured majority control of Adelaide Energy by lifting its relevant interest in the company to 50.96%.

Beach Energy Limited (ASX:BPT) (PINK:BEPTF) has increased its relevant interest in Adelaide Energy to 48.36%, as a result of strong acceptances by Adelaide Energy Limited (ASX:ADE) shareholders of the Beach takeover offer.

Beach Energy Ltd (ASX:BPT) (PINK:BEPTF) announced an unconditional on-market cash offer of 20 cents per share ("Offer") for all of the issued and outstanding ordinary shares of Adelaide Energy Limited (ASX:ADE) ("Adelaide Energy") it did not own. Prior to the offer Beach had a relevant interest in the ordinary shares of Adelaide Energy of 19.95 percent, and at the close of trade today had increased its relevant interest to 44.23 percent.

Beach Energy Ltd (ASX:BPT) (PINK:BEPTF) ("Beach") announces an unconditional on-market cash offer of 20 cents per share ("Offer") for all of the issued and outstanding ordinary shares of Adelaide Energy Ltd (ASX:ADE) ("Adelaide Energy") that it does not already own. Beach currently owns 19.95% of Adelaide Energy.