Beam Communications Holdings Ltd

Buccaneer Energy Limited (ASX:BCC) is pleased to advise that it has executed a short term gas sales contract with Alaska Pipeline Company ("APC"), a wholly owned subsidiary of SEMCO Energy, Inc.

Buccaneer Energy Limited (ASX:BCC) is pleased to advise that construction of the permanent production facilities at the 100% owned Kenai Loop project has been completed.

BuccaBuccaneer Energy Limited (ASX:BCC) is pleased to advise that the Department of Natural Resources, State of Alaska has approved the Plan of Operations for the Cosmopolitan project.

Buccaneer Energy Limited (ASX:BCC) provides the following update in respect to the suit filed by Archer Drilling, LLC ("Archer Drilling") following the termination of Archer Drilling as the project manager of the modifications and repairs of the "Endeavour - Spirit of Independence" ("Endeavour") jack-up rig.

Buccaneer Energy Limited (ASX:BCC) (PINK:BCGYF) is pleased to provide an update on the "Endeavour - Spirit of Independence" ("Endeavour") jack-up rig and permitting of the Cosmopolitan project.

Buccaneer Energy Limited (ASX:BCC) is pleased to advise that production from its 100% owned Kenai Loop # 4 well commenced on Sunday 10 February 2013 (US time). The Kenai Loop # 4 well is currently producing at an initial rate of 2.0 million cubic feet per day ("MMCFD").

Buccaneer Energy Limited (ASX:BCC) is pleased to advise that it has executed binding agreements with Chicago-based Victory Park Capital ("Victory Park") for the provision of credit facilities totalling US$100 million.

Buccaneer Energy Limited (ASX:BCC) is pleased to advise the final production testing results from the 100% owned Kenai Loop # 4 well. The Kenai Loop # 4 well was shut-in for a 20 hour period with shut-in tubing pressure peaked at 3,899 psi. A flow test over 4 different choke sizes, a 4 point test, was then successfully conducted. This test includes the measurement of pressures at each of the choke sizes which allows for the calculation of the AOFP.

In May 2012 Buccaneer Energy Limited (ASX:BCC) executed the following facilities with Richmond Hill Investment Co., LP ("Richmond Hill"): US$20.0 million project finance facility ("the Facility"). The Facility is being used for capital expenditure amounts relating to the Company's Kenai Loop development including the current Kenai Loop # 4 well. US$30.0 million revolving credit commitment ("the ACES Revolver") that gives the Company the ability to pre fund the rebates it receives under the State of Alaska ACES program.

Buccaneer Energy Limited (ASX:BCC) is very pleased to advise that on Saturday 12 January 2013 (Sydney) a 10' section of the upper most sand at 10,300' measured depth was perforated, this sand correlates to the 9,700' sand in the Kenai Loop # 1 well.