NEW, Cape Energy has retained Tristone Capital Inc. to seek strategic alternatives for the company, including the sale of its assets offshore Australia and the Philippines. The Australian assets include a 100% retention lease containing the Golden Beach gas field offshore Victoria. These assets are owned through Cape's subsidiary Cape Energy (Victoria) Pty Ltd. The Philippines assets include a farmin into the northern half of Block C (the Galoc Block) under service contract SC- 14. These assets are owned through Cape's subsidiary Cape Energy Philippines SA. For more information, contact Mark Llamas, +44 (0) 207-399-2481.