ABN Newswire Stocks to Watch: December 24, 2009

Sydney, Dec 24, 2009 AEST (ABN Newswire) - iSOFT Group Limited (ASX:ISF) Australia's largest listed health information technology company on Wednesday announced it has agreed to restructure its senior secured debt facility to give the company greater flexibility to manage its global operations through additional working capital and funding capacity. The restructuring is expected to be completed before 31 December 2009.

Mt Isa Metals Limited (ASX:MET) said that all remaining assay results have now been received from the phase two drilling program at the Barbara Copper Prospect (North Lode). The results include high grade intersections which continue to support the potential to define an open-pittable sulphide copper deposit.

Rex Minerals Limited (ASX:RXM) has received assays for an additional four drill holes from its 100% owned Hillside Project on the Yorke Peninsula in South Australia which reveal additional copper-gold mineralisation over the Parsee and Songvaar structures.

NewSat Limited (ASX:NWT) (PINK:NWTLY), Australia's largest independent satellite communications company, is in the process of completing another quarter of record growth. With over 300 new business contracts signed, worth in excess of A$8 million, NewSat has experienced a 20% growth compared to the previous 6 months to June 2009. The coming six months are very promising, and at its AGM in December NewSat reiterated it had generated positive EBITDA in the first quarter of FY10, and is continuing into profitability thereafter.

Carbon Energy Limited (ASX:CNX) (PINK:CNXAF) said it is in the final stages of constructing its 5 MW power station which will be powered by syngas produced from its underground coal gasification (UCG) facility at Bloodwood Creek in Queensland. This is an Australian first for fuelling this type of power station with syngas.

Linc Energy Limited (ASX:LNC) (PINK:LNCGY) on Wednesday announced the appointment of Jon Mathews to its Board of Directors. Mr Mathews has been appointed as a Non-Executive Director, effective immediately.

Beach Energy Limited (ASX:BPT) (PINK:BEPTF) has released its drilling report for the week ending 23 December. Highlights of the week's activities include: Cooper Basin (South Australia/Queensland) Oil Drilling; oil development wells Narcoonowie-8 (Beach 20,21%) and Tickalara-21 (Beach 30%) were cased and suspended as successful oil wells during the week; a Drill Stem Test conducted in Narcoonowie-8 over the Birkhead interval 1613 - 1620 metres yielded 50.4 barrels of clean oil and 2.4 barrels of drill mud in a 4 hour flow period.