vic pet not to make take over, page-6

30 November 2010
VICTORIA PETROLEUM N.L. (ASX CODE: VPE)
CHANGE IN INTERESTS OF SUBSTANTIAL HOLDER FOR IMPRESS ENERGY LIMITED
On behalf of Victoria Petroleum, attached is a Form 604 (notice of change of interests of a substantial holder) in respect of the on-market acquisition of shares in Impress Energy Limited (Impress).
With the recent acquisitions, Victoria Petroleums voting power in Impress is now 15.94%.
Victoria Petroleum has no present intention to make a takeover bid competitive to the scheme of arrangement (Scheme) recently announced by the boards of Impress and Beach Energy Limited (Beach).
Victoria Petroleums current intention is to vote against the Scheme, and it is therefore actively seeking to increase its current stake in Impress to up to 20% prior to the Scheme meeting, likely to be held in March 2011.
For further information contact:
Ian Davies
Managing Director
Victoria Petroleum N.L.
(07) 3837 9900