Beach Increases Interest in Adelaide Energy (Australia)

Beach Energy Ltd announced on Monday, 7 November 2011, an unconditional, on-market, cash offer of 20 cents per share for all of the issued and outstanding ordinary shares of Adelaide Energy Limited it did not own.

On Thursday, 10 November 2011, Beach gained majority control of Adelaide Energy and has since increased its relevant interest in Adelaide Energy to 65.53 percent.

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LNG World News Staff, November 17, 2011; Image: Beach Energy