Victoria Petroleum Nl

Victoria Petroleum NL (ASX:VPE) (PINK:VPEMY) (Vicpet) has been advised by QGC - a BG Group business (QGC), the Operator for PL 171, that the Alex-5 Coal Seam Gas (CSG) exploration well has flowed gas to surface during Drill Stem Testing (DST).

Drillsearch Energy Limited (ASX:DLS) (PINK:DRLLF) and Innamincka Petroleum Limited (ASX:INP) (PINK:IMKPF) are pleased to announce that they have unanimously agreed to merge by way of Scheme of Arrangement (Scheme) and create the Cooper Basin's leading mid-tier oil and gas company.

Bandanna Energy Limited (ASX:BND) is pleased to release quarterly report for the three months ended 30 June 2010.

ADX Energy Limited (ASX:ADX) (PINK:ADXRF) is pleased to advise that the previously announced sale of its 49.9% interest in the South Australian onshore Cooper Basin petroleum exploration licence (PEL182) has been completed with a subsidiary of Victoria Petroleum N.L.(ASX:VPE) (PINK:VPEMY). The cash consideration of A$1.1 million has been received following satisfaction of the conditions precedent to the sale.

ADX Energy Limited (ASX:ADX) (PINK:ADXRF) is pleased to announce that a Sales and Purchase Agreement has been signed with Victoria Petroleum N.L.for the sale of ADX's interest in the South Australian onshore Cooper Basin Petroleum Exploration Licence 182.

One of Australia's largest oil and gas operators in the Cooper Basin says that while there is mounting political pressure associated with energy issues, "it will take ages" for governments to do anything about it in real terms.