Beach Petroleum

Australian oil company, Beach Energy (ASX:BPT) have announced that their fourth quarter revenue has risen by 16 percent to $142.4 million. The increased revenue was largely due to the 24 percent rise in average realised price per barrel of oil.

Oil and gas explorer, developer and producer, Beach Energy (ASX:BPT) has increased their bid for Impress Energy (ASX:ITC). In the takeover offer, Beach have increased their bid from 8.25 cents to 8.5 cents per share, valuing Impress Energy at $75.3 million while also declaring the on-market offer as unconditional.

Australand Property Group (ALZD), a diversified property group that runs business in Sydney, Melbourne, South East Queensland and Perth was the best performer of the 15th week in ASX200 with a gain of 8.5 percent closing the week at $2.93 (market capitalisation $1690.1 million). The company traded its stocks for $2.70 last week. It was a mixture of property management, media, exploration and business project management companies in the ASX200 list for the week: Australand Property Group (ALZD), APN News & Media (APN), Beach Petroleum (BTA), Goodman Group (GMG), Sundance Resources (SDL).

Dyno Nobel (DXL) was the overall best performing stock taking in a 31.57 percent increase. It was a mixture of explosives (mining), energy and mining & exploration companies who were among the best performing stocks for the week 35 of 2007 of the Australian sharemarket: Dyno Nobel (DXL), WorleyParsons (WOR), Aristocrat (ALL), Transfield Services (TSE), Beach Petroleum (BPT). These best performing stocks managed gains between 12.17 and 31.57 percent by the end of the trading week. The majority of the best performing companies were mining & exploration companies.