Adelaide Energy Limited (ASX:ADE) Otway Basin Retention Lease Acquisition

  Adelaide, Australia, May 4, 2010 - (ABN Newswire) - Adelaide Energy Limited (ASX:ADE) today announced the execution of an Agreement with Beach Energy Ltd (ASX:BPT) (PINK:BEPTF) to acquire a 30% Operated interest in the PRL 13 retention lease ( & quot;Killanoola & quot;) in the South Australian part of the Otway Basin. The key points of the deal are as follows:  

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