Press Release-Beach Launches Cash Bid For Adelaide Eenergy-

摘要

Beach Energy has launched an unconditional on-market takeover offer for Adelaide Energy. The offer of 0.20 dollars a share is a cash bid which closes on 22 December 2011. Beach holds a 19.95% interest in Adelaide Energy. Managing Director Reg Nelson said: “The offer is a logical next step for Beach, and it will remove the uncertainty of funding issues associated with Adelaide Energy for the Nappamerri Trough unconventional gas work program, as well as consolidating its strong landholding for this area in the Cooper Basin.”