Beam Communications Holdings Ltd

Buccaneer Energy Limited (ASX:BCC) is pleased to advise that the 3D seismic program that commenced in December 2011 has been successfully completed. Preliminary evaluation of the quality of the data is very positive and we are looking forward to the results of the 3D seismic processing now in progress. As an exploration expense, up to 65% of the costs associated with the seismic program will be covered by the ACES program through the State of Alaska.

Buccaneer Energy Limited (ASX:BCC) is pleased to advise that it has executed a Term Sheet for a US$20.0 million project finance facility.

Buccaneer Energy Limited (ASX:BCC) is pleased to advise that it has executed a binding purchase agreement with Glacier Drilling Company, a wholly owned subsidiary of Marathon Oil Company, to acquire the Glacier #1 Drilling Rig ("Glacier Rig").

Buccaneer Energy Limited (ASX:BCC) (PINK:BCGYF) is pleased to give the following update in respect to its 100% owned Kenai Loop project located onshore Cook Inlet, Alaska.

Buccaneer Energy Limited (ASX:BCC) (PINK:BCGYF) advised that it was acquiring an interest in the Cosmopolitan Project ("Cosmo"). Cosmo was 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) are pleased to provide a copy of a presentation to be made at the Excellence in Oil & Conference conference in Sydney today.

Buccaneer Energy Limited (ASX:BCC) Half Yearly Report and Accounts

Buccaneer Energy Limited (ASX:BCC) is pleased to give the following update in respect to its 100% owned Kenai Loop project located onshore Cook Inlet, Alaska.

Buccaneer Energy Limited (ASX:BCC) is pleased to advise that two key permits have been granted for oil and gas exploration operations at the Southern Cross and Northwest Cook Inlet Units located offshore in the Cook Inlet, Alaska.

Buccaneer Energy Limited (ASX:BCC) (PINK:BCGYF) is pleased to advise that it has executed a Purchase and Sale Agreement for the acquisition of the two main productive leases in the former Cosmopolitan Unit ("Cosmo") from Pioneer Natural Resources Alaska, Inc. (NYSE:PXD) ("Pioneer"). Cosmo is an undeveloped oil and gas field located in 50 feet of water in the Cook Inlet of Alaska and is in close proximity to the shoreline at Anchor Point on the Kenai Peninsula.