Gulf Oil and Gas accountACCOUNT

Acquiring 20.00% Interest in Impress Energy Limited

Source: www.gulfoilandgas.com 12/1/2010, Location: Not categorized

On behalf of Victoria Petroleum, attached is a Form 604 (notice of change of interests of a substantial holder) in respect of the on-market acquisition of shares in Impress Energy Limited (Impress).

Following recent acquisitions, Victoria Petroleum’s voting power in Impress is 20.00%.

Victoria Petroleum has no present intention to make a takeover bid competitive to the scheme of arrangement (Scheme) recently announced by the boards of Impress and Beach Energy Limited (Beach).

Victoria Petroleum’s intention is to vote against the Scheme.

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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

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