Euroz Limited

Helix Resources Limited (ASX:HLX) is pleased to announce that it has completed a placement of 46,000,000 shares at an issue price of $0.048 to raise $2.21m before costs. Euroz Securities Limited acted as the Sole Lead Manager to the Placement. Helix is issuing the shares using the Company's available capacity under ASX listing rule 7.1.

Beach Energy Limited (ASX:BPT) (PINK:BEPTF) advises its on-market takeover offer, announced on 6 December 2010 for all of the issued shares in Impress Energy Limited (ASX:ITC) in which it does not have a relevant interest, is extended to the close of ASX trading on Monday, 21 February 2011.

Beach Energy Limited (ASX:BPT) (PINK:BEPTF) ("Beach") announced on Monday, 6 December 2010, a recommended and unconditional on-market cash offer for all of the issued and outstanding shares of Impress Energy Ltd (ASX:ITC), that it does not own, for 8.5 cents per share. On Tuesday, 14 December 2010, Beach gained majority control of Impress and has since increased its relevant interest in Impress to above 60 percent.

Beach Energy Limited (ASX:BPT) (PINK:BEPTF) advises it has increased its relevant interest in Impress Energy Limited (ASX:ITC) to above 40 percent, as a result of continued strong on-market acceptances by Impress shareholders.

Following its takeover announcement earlier today, Beach Energy Limited (ASX:BPT) (PINK:BEPTF) advises it has increased its relevant interest in Impress Energy Limited (ASX:ITC) to above 30 percent, as a result of strong on-market acceptances.