Beam Communications Holdings Ltd
ASX:BCC ISIN:AU000000BCC3
Limited Beam Communications Holdings Limited (formerly World Reach Limited) is an Australian publicly-listed company that specialises in the design, development, manufacture and distribution of satellite, cellular and dual-mode equipment, applications and services. Its products and services are adopted by some of the world's largest satellite and telecommunications companies, such as Iridium, Telstra, KDDI, Inmarsat & Thuraya, to fill the global needs of Information Communication & Technology markets. Beam Communications Holdings Limited owns 100% of Beam Communications Pty Ltd and SatPhone Shop Pty Ltd www.satphoneshop.com. For more information, visit www.beamcommunications.com.
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News
In early February 2012 Buccaneer Energy Limited (ASX:BCC) advised that it was acquiring an interest in the Cosmopolitan Project ("Cosmo"). Cosmo is being jointly acquired with privately owned Fort Worth, Texas based BlueCrest Energy II, LP ("BlueCrest") acquiring a 75% 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 the following update in respect to the Endeavour jack-up rig. Kenai Offshore Ventures, LLC ("KOV") has executed a heavy lift contract to transport the Endeavour from Singapore to the Cook Inlet, Alaska.
Buccaneer Energy Limited (ASX:BCC) is pleased to advise that it has executed binding agreements for the issue of 292,682,927 shares in the Company at an issue price of $0.041 to raise a total of $12.0 million ("Placement"). In addition, the Company will also implement a Share Purchase Plan ("SPP") to eligible shareholders capped at $1,500,000 at an issue price of $0.041.
Buccaneer Energy Limited (ASX:BCC) is pleased to advise it has now received all permits and clearances to commence drilling operations at the Kenai Loop project. The Glacier # 1 drilling rig has moved onto the Kenai Loop # 1 drilling pad ready to commence operations.
In early February 2012 Buccaneer Energy Limited (ASX:BCC) advised that it was acquiring an interest in the Cosmopolitan Project ("Cosmo"). Cosmo is being jointly acquired with privately owned Fort Worth, Texas based BlueCrest Energy II, LP ("BlueCrest") acquiring a 75% 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 that it has completed arrangements to secure rights in respect of the Glacier Drilling Rig # 1 ("Glacier Rig"). The Glacier Rig was owned by Glacier Drilling Company, a wholly owned subsidiary of the Marathon Oil Company ("Marathon"). The Company has facilitated the purchase of the Glacier Rig by a third party that specialises in the energy sector.
Buccaneer Energy Limited (ASX:BCC) is pleased to advise that it has executed binding agreements with New York based Richmond Hill Investment Co., LP for the provision of a US$20.0 million project finance facility ("the Facility").
Buccaneer Energy Limited (ASX:BCC) is pleased to advise that it has been granted a Special Use Permit ("SUP") by the City of Kenai in respect to its Kenai Loop Project.
Buccaneer Energy Limited (ASX:BCC) is pleased to present its quarterly report for the 3 months to 31 march 2012.
Buccaneer Energy Limited (ASX:BCC) is pleased to advise that ENSTAR has commenced injecting gas into the Cook Inlet Natural Gas Storage, Alaska (CINGSA) facility located immediately south of the Company's Kenai Loop project.
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