Potential Transaction Extension Update

RNS Number : 9634D

Curzon Energy PLC

02 November 2020

 

Market Abuse Regulation (MAR) Disclosure

Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.

02 November 2020

Curzon Energy Plc
("Curzon" or the "Company")

Potential Transaction Extension Update

Curzon Energy plc (LON:CZN) the London Stock Exchange listed oil and gas company, announces a further update regarding a potential transaction details of which were first announced on 18 March 2020, 1 July 2020 and more recently updated on 12 August 2020. 

The period of exclusivity granted to Sun Seven Stars Investment Group ("SSSIG") referred to in 12 August 2020 announcement has expired.  However, the Company remains in discussions with SSSIG regarding a potential extension of the exclusivity period with a view to a transaction, the terms of which have yet to be agreed with SSSIG. 

While the parties continue to work constructively towards renewing exclusivity and a potential transaction, there can be no certainty around the length of time required to reach definitive agreement or the likelihood of concluding a successful transaction. 

The Company will continue to update the markets on progress as appropriate. 

For further information please contact:
Curzon Energy Plc	[phone]
Scott Kaintz
www.curzonenergy.com
SP Angel Corporate Finance LLP	[phone]

 

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