Beach Energy Limited (ASX:BPT) (PINK:BEPTF) provides the following guidance in relation to its forecast underlying Net Profit after Tax ("NPAT") for the financial year ended 30 June 2010. On early estimates, Beach currently expects to make an underlying NPAT of between A$30 million to A$40 million.
Clean Global Energy Limited (ASX:CGV) is pleased to announce the appointments of Wayne Rossiter as Chief Financial Officer and Carl D'Silva as Exploration and Mining Geologist. Wayne Rossiter is a mining engineer and a chartered accountant with extensive experience in the mining and energy sectors. Carl D'Silva is an exploration and mining geologist with experience in PNG, Indonesia and Australia.
Bow Energy Limited (ASX:BOW) (PINK:BOWYF) is pleased to announce that it has appointed Mr Peter Harbison to the position of Chief Financial Officer.
The Australian market Thursday delivered a strong opening, supported by optimism towards the US economy. The catalyst for the jump was the better-than-expected figures in pending home sales in the US, which pushed Wall Street higher overnight. The local market had been in a negative territory for three consecutive days this week. The S&P/ASX 200 index today rebounded with a 1.8 per cent jump in early trade.
Arrow Energy Limited (ASX:AOE) said its subsidiary Arrow Energy (Dajing) Pte Ltd has signed a 30 year production sharing contract (PSC) with Chinese energy giant PetroChina (NYSE:PTR) (HKG:0857) (SHA:601857) for the Dajing block in China.
WestSide Corporation Limited (ASX:WCL) is pleased to announce the appointment of Mr Robert Neale and Mr John Clarke as Non-executive Directors as the Company prepares to embark on an exciting new growth phase.
The Australian shares opened slightly higher this morning despite Wall Street and European markets posted losses overnight. The local market was supported as investors were hunting for bargains following a series of significant falls in recent sessions. Yesterday the Australian market closed at its nine- month low after the global markets fell on Germany's ban on naked short selling.
External assessments of Bow Energy Limited's (ASX:BOW) (PINK:BOWYF) eight coal seam gas projects in the Bowen and Surat Basins in Queensland have now identified Gas In Place (GIP) potential of over 13.8 Trillion cubic feet (Tcf) net to Bow. The 13.8 TCF estimate does not however include any GIP estimate for the Fort Cooper coal measures within the Norwich Park Block where Bow's first two exploration wells intersected an average of 28 metres of gassy Fort Cooper coals - indicating the potential for substantial additional gas resources within this Block.
Friday Asian markets broadly rebounded after Wall Street gained on a string of positive earnings reports. The Australian share market rose 0.5 per cent in early trade with material and financial stocks firmer. Today the Reserve Bank of Australia publishes financial aggregates data for March. The Housing Industry Association releases new home sales report for March.
Bow Energy Limited (ASX:BOW) (PINK:BOWYF) are pleased to provide a progress report on the drilling program currently underway in the Norwich Park block (ATP 1031) located approximately 300 km north-west of Gladstone, Queensland.