DOW JONES NEWSWIRES
Arrow Energy Ltd. (AOE.AU) has indicated it could turn its attentions from Pure Energy Resources Ltd. (PES.AU) to the coal-seam assets of Beach Petroleum Ltd. (BPT.AU), the Australian Financial Review reported on its Web site Friday, citing Chief Executive Officer Shaun Scott.
Beach earlier this week confirmed it had put its 40% stake in the Tipton West coal-seam gas field up for sale, the Web site said.
"It (Tipton West) is one of a number of opportunities we're weighing up and obviously it's an asset we're very familiar with. We'll take an active interest in how that process unwinds," the Web site quoted Scott as saying.
Full story: http://www.afr.com/home/viewer.aspx?EDP://20090227000030880132§ion=companies&title=Arrow+lines+up+Beach+as+alternative+target.
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=dtQQEJxv%2BJkUfSGav2Eb1A%3D%3D. You can use this link on the day this article is published and the following day.
(END) Dow Jones Newswires
February 26, 2009 16:07 ET (21:07 GMT)
Copyright (c) 2009 Dow Jones & Company, Inc.
arrow energy eyes beach assets as alternate
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