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Beach Energy Limited (ASX:BPT) (PINK:BEPTF) ("Beach") announced on Monday, 6 December 2010, a recommended and unconditional on-market cash offer for all of the issued and outstanding shares of Impress Energy Ltd (ASX:ITC), that it does not own, for 8.5 cents per share. On Tuesday, 14 December 2010, Beach gained majority control of Impress and has since increased its relevant interest in Impress to above 60 percent.
Beach Energy Limited (ASX:BPT) (PINK:BEPTF) is pleased to announce that a four well drilling program at Abu Sennan in Egypt will commence with the first well spudding mid to late December. Gravity and magnetic surveys over the Lake Tanganyika South concession in Tanzania have been completed with data reviews indicating data quality to be high.
Beach Energy Limited (ASX:BPT) (PINK:BEPTF) is pleased to announce that it has appointed Mr Gordon Moseby, General Manager - Business Review and Planning, as a Director to its wholly owned subsidiaries Australian Petroleum Investments Pty Limited (API), Delhi Petroleum Pty Limited (Delhi) and Delhi Holdings Pty Limited (DHL), which collectively own an average 26% interest in the Cooper / Eromanga Basin.
Adelaide Energy Limited (ASX:ADE) is pleased to release Encounter-1 weekly drilling report ended 14 December 2010.
Beach Energy Limited (ASX:BPT) (PINK:BEPTF) is pleased to advise the following in relation to its shale gas drilling.
Drillsearch Energy Limited (ASX:DLS) (PINK:DRLLF) is pleased to announce the planned drilling of five exploration wells in PEL 91 in the Cooper Basin Western Flank Oil Fairway in South Australia commencing in late January-early February 2011. PEL 91 is jointly owned by Drillsearch (60%) and Beach Energy Limited (ASX:BPT) (PINK:BEPTF) (40% - operator).
Beach Energy Limited (ASX:BPT) (PINK:BEPTF) has contracted the Ensign#18 drilling rig and has agreed terms with Ensign for a firm option (expiring 21 December 2010) on its Ensign#30 drilling rig.
Beach Energy Limited (ASX:BPT) (PINK:BEPTF) advises it has increased its relevant interest in Impress Energy Limited (ASX:ITC) to above 40 percent, as a result of continued strong on-market acceptances by Impress shareholders.
Adelaide Energy Limited (ASX:ADE) is pleased to release Encounter-1 weekly drilling report ended 7 December 2010.
Following its takeover announcement earlier today, Beach Energy Limited (ASX:BPT) (PINK:BEPTF) advises it has increased its relevant interest in Impress Energy Limited (ASX:ITC) to above 30 percent, as a result of strong on-market acceptances.