Beam Communications Holdings Ltd

As previously advised Buccaneer Energy Limited (ASX:BCC) has applied to the Alaskan Department of Natural Resources ("DNR") to unitise it's 100% owned West Eagle project located on the southern Kenai Peninsula, the submission of this application included a substantial body of technical appraisal work undertaken by the Company over the last 2 years. The presented data shows the presence of a potential hydrocarbon accumulation within the project area and a drill pad location has also been identified.

Buccaneer Energy Limited (ASX:BCC) is pleased to advise that the Company's lender Richmond Hill Investment Co., LP has provided its written consents in respect to Buccaneer assuming the role of Operator in respect to the Cosmopolitan Project ("Cosmo").

Buccaneer Energy Limited (ASX:BCC) is pleased to announce that the jack-up rig "Endeavour - Spirit of Independence" ("Endeavour") arrived as planned in the port of Homer located in the southern Cook Inlet, Alaska aboard the Kang Sheng Kou heavy lift vessel on 24 August 2012 (US time).

Buccaneer Energy Limited (ASX:BCC) is pleased to advise that the bottom-hole location for the Kenai Loop # 4 well has been finalised.

Buccaneer Energy Limited (ASX:BCC) is pleased to advise that BlueCrest Energy Inc. and the Company have executed final closing documents with Pioneer Natural Resources Alaska, Inc. for the acquisition of the Cosmopolitan Project. Cosmo is being jointly acquired with privately owned Fort Worth, Texas based BlueCrest acquiring a 75.0% working interest, with Buccaneer acquiring a 25.0% working interest and assuming operatorship of the project.

Buccaneer Energy Limited (ASX:BCC) is pleased to advise on the progress of the jack-up rig "Endeavour - Spirit of Independence" ("Endeavour") since mobilising from Singapore aboard the Kang Sheng Kou heavy lift vessel on 31 July 2012.

On 18 July 2012 Buccaneer Energy Limited (ASX:BCC) announced its intention to implement a Share Purchase Plan ("SPP") to eligible shareholders capped at $1,500,000 at an issue price of $0.041. The SPP is in addition to the issue of 292,682,927 shares in the Company to cornerstone investors and institutions at an issue price of $0.041 to raise a total of $12.0 million ("Placement").

Buccaneer Energy Limited (ASX:BCC) is pleased to present its quarterly report for the three months to 30 June 2012. The last three months have been a busy time for the company as we prepare to commence onshore and offshore drilling programs in the Cook Inlet, Alaska.

Buccaneer Energy Limited (ASX:BCC) is pleased to advise that the jack-up rig "Endeavour - Spirit of Independence" ("Endeavour") earlier today mobilised from Singapore aboard the Kang Sheng Kou heavy lift vessel.

Buccaneer Energy Limited (ASX:BCC) is pleased to give an update on the analysis of the 3D seismic survey of the Kenai Loop project.