Australia: Beach Completes Adelaide Energy Acquisition

Australia Beach Completes Adelaide Energy Acquisition

Beach Energy Limited announced it has acquired all of the outstanding shares in Adelaide Energy Limited through compulsory acquisition.

Beach acquired a relevant interest in Adelaide Energy of approximately 97% during the takeover offer period and, as a result, was able to move to compulsorily acquire the outstanding shares in Adelaide Energy it did not own.

The purchase of the remaining outstanding shares was completed today.

[mappress]

LNG World News Staff, February 10, 2012