Extension of MOU

RNS Number : 2436A

Roxi Petroleum Plc

05 October 2009

 



Roxi Petroleum 

Extension of MOU

Roxi Petroleum plc ('Roxi'), announces that it has entered into an extension to its memorandum of understanding ('MOU') with LG International Corp. ('LG'), the Korean based multinational. The original MOU was announced on 17 July 2009, and was granted to allow LG exclusive access, until 30 September 2009, to Roxi's records in relation to the Galaz assets with a view to LG acquiring Roxi's interests in those assets in full.  

The extension to the MOU grants LG continued exclusive access to the records until 31 October 2009.

Further announcements will be made in due course. 

5 October 2009

Enquiries:                                 

Roxi Petroleum plc
Clive Carver, non-executive chairman	[phone]
Rob Schoonbrood, CEO	[phone]
College Hill (Financial PR)
Nick Elwes/Simon Whitehead	[phone]
Matrix Corporate Capital LLP (NOMAD and broker)
Alastair Stratton / Anu Tayal	[phone]

 

END

 

 

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