Inpex Corporation

Asian Activities Report for January 11, 2012 includes: Weichai Power (HKG:2338) (SHE:000338) has agreed to invest 374 million euros to acquire a controlling 75% interest in the world's largest luxury yacht manufacturer, Ferretti Group of Italy; Prada S.p.A. (HKG:1913) says that it will invest 40 million euros to sponsor the Luna Rossa yacht to participate in the XXXIV edition of the America's Cup sailing competition; Inpex Corporation (TYO:1605) has signed agreements to sell liquefied natural gas from its Ichthys LNG joint venture project; Panasonic Corporation (TYO:6752) (NYSE:PC) has successfully developed a 20-inch 4K2K IPS Alpha LCD panel; Nidec Corporation (TYO:6594) (NYSE:NJ) has established a new subsidiary named Nidec Management Shanghai Corporation in Shanghai, China.

US stocks closed mixed overnight as the market wobbled after the US Federal Reserve decided to maintain its interest rates at record low to support the subdued recovery. The central bank's upbeat outlook of the economy has led to speculation about a faster interest rate rise.

Beach Petroleum Limited (ASX:BPT)(PINK:BEPTF) drilling report for the week ending 12 August, 2009. Highlights of the week's activities include: Marino-1 (PEL 91, Beach 40%) has been plugged and abandoned and the rig has been released. Basker-7 (Beach 30%) has been cased and completed as a Latrobe Group oil producer. The Ocean Patriot semi-submersible drilling rig is expected to be released to Beach for the drilling of the Spikey Beach-1 exploration well in T/38P, in the Bass Basin, offshore Tasmania, later today. The Comet Jack-up rig has moved onto the NS394-3 (Burtocal North) oil exploration well location (Beach 20%) in the Gulf of Suez.

Beach Petroleum Limited (ASX:BPT)(PINK:BEPTF) drilling report for the week ending 12 August, 2009. Highlights of the week's activities include: Marino-1 (Beach 40%) spudded on 22 August and is currently drilling ahead in the Toolebuc Formation at a depth of 1003 metres. Basker-7 (Beach 30%) has been cased and suspended as a future Latrobe Group oil producer.

Beach Petroleum Limited (ASX:BPT)(PINK:BEPTF) announces the drilling report and well location maps for the week ending 12 August, 2009. Highlights of the week's activities include: Chiton-1 is drilling ahead at a depth of 887 metres in the Allaru Mudstone. Burnside-1ST1 (Beach 7.34%) is being plugged and abandoned as planned. Basker-7 (Beach 30%) has reached total depth of 3921 metres.

Beach Petroleum Limited (ASX:BPT)(PINK:BEPTF) announces the drilling report for the week ending 1 July, 2009.

Beach Petroleum Limited's (ASX:BPT)(PINK:BEPTF) Butlers-1, the third well of a planned six well oil exploration program in PEL 92 is to be cased and suspended after intersecting a 4.5 metre oil column in high quality reservoir at the top of the Namur Sandstone. Butlers-1 is the second successive oil discovery in the current drilling campaign.