Adelaide Energy Limited Company News

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Beach Encouraged By Encounter-1 Well Results
Friday, December 10, 2010Beach Energy advises that the target section in Encounter-1 is thicker than first anticipated; Good gas shows continue to be encountered while drilling; Cores recovered from shale in the Roseneath and Epsilon targets; and Further drilling and coring

Adelaide Energy Reaches TD at Patrick-1 Well
Monday, May 10, 2010Adelaide Energy reached a Total Depth (TD) of 2,998 meters at its 100% owned Patrick-1 well, over the weekend.

Adelaide to Spud Otway Prospect This Weekend
Friday, April 16, 2010Adelaide Energy's Patrick-1 gas and oil exploration well in PEL 255 is expected to commence drilling operations this weekend.

Vicpet Sells Off U.S. Assets to Adelaide Energy
Monday, October 13, 2008The Directors of Victoria Petroleum advised that the Company has accepted an offer from Adelaide Energy Limited to purchase Victoria Petroleum's wholly owned subsidiary Victoria Petroleum USA, Inc.

Austin Exploration: PEL 105 Seismic Data Pinpoints Drilling Area
Tuesday, May 06, 2008Well planning is now underway for the "Pirie #1" well with commencement expected in the third quarter of 2008. In addition, 100 kms of 2D seismic has been ordered for the Permit and scheduled also for the third quarter of 2008.

Adelaide Energy Completes Testing at Jacaranda Ridge Discovery
Friday, November 09, 2007Adelaide now completed production log testing at its 100% owned Jacaranda Ridge 2 discovery well located in PEL-255 in the Otway Basin, SA.

Adelaide and Austin Exploration Join Forces in Cooper Basin Takeover
Wednesday, October 10, 2007Austin Exploration has acquired 100% working interest in PEL 105, southwest of Innamincka Petroleum's major Flax-Juniper oil field and turned around and farmed out a 50% stake to Adelaide Energy.

Vicpet Reports Spudding of Colorado Well
Monday, May 07, 2007Victoria Petroleum NL said that Mountain Petroleum Corp. began drilling the West Florence-1 well in Colorado late last week.