Adelaide Energy Limited

Adelaide Energy Limited (ASX:ADE) release Holdfast-1 weekly drilling report ended 1 Feb 2011.

Adelaide Energy Limited (ASX:ADE) release Encounter-1 weekly drilling report ended 25 January 2011 and is looking forward to the initial results from the analysis of the cores taken during the drilling of Encounter-1.

Adelaide Energy Ltd (ASX:ADE) has been advised by the Operator of the Holdfast-1 well that it was spudded on 21 January 2011.

Adelaide Energy Limited (ASX:ADE) is pleased to release Holdfast-1 Weekly drilling report ended 18 January 2011.

Adelaide Energy Limited (ASX:ADE) is pleased to release Encounter-1 weekly drilling report ended 11 January 2011.

Adelaide Energy Limited (ASX:ADE) would like to advise that following the completion of the first well in the PEL 218 Permian Joint Venture (Encounter 1), the rig has now been moved to the second location, Holdfast 1 and operations are expected to commence shortly. ADE will commence weekly progress reports starting next week.

The Otway Petroleum Project is Adelaide Energy Limited's (ASX:ADE) (ADE's) 100% owned suite of integrated production, development and exploration oil and gas assets, which are located in the South Australian section of the onshore Otway Basin.

Adelaide Energy Limited (ASX:ADE) is pleased to announce that the Encounter-1 well has been cased and suspended and that the Operator, Beach Energy Ltd (ASX:BPT) (PINK:BEPTF) has advised that the rig will be released shortly. Accordingly, this is the final drilling report for this well.

Beach Energy Limited (ASX:BPT) (PINK:BEPTF) advises the following in relation to the Encounter-1 Shale Gas exploration well.

Adelaide Energy Limited (ASX:ADE) is pleased to release Encounter-1 weekly drilling report ended 14 December 2010.