Further re Appointment of PR

RNS Number : 7652R

Empyrean Energy PLC

22 November 2012

 



22 November 2012

Empyrean Energy PLC

("Empyrean" or the "Company"; AIM Ticker: EME)

Further Re - Appointment of PR

Empyrean Energy Plc, the AIM-listed explorer and producer with operations in the United States and its key project in the Eagle Ford Shale, has been informed by FTI Consulting (FTI) that it is no longer able to act as the PR consultant to Empyrean due to a conflict of interest with a pre-existing client.

Following the announcement of FTI's appointment, one of Empyrean's partners in the Sugarloaf Project, which is a client of FTI's Australian branch raised concerns over FTI's London branch acting for Empyrean and cited a conflict of interest. As a result FTI decided to continue working with its pre-existing client.

Empyrean is pleased to have appointed Lionsgate Communications ("Lionsgate") as its PR advisor with immediate effect. Lionsgate is a financial public relations and investor relations consultant specialising in the growth energy sector. The Company has extensive experience advising clients with operations in the United States on the AIM, ASX, TSX and NYSE. For the past six years, Lionsgate's management has been delivering proactive communication strategies for exploration and production companies, including raising corporate profiles in the United States and the UK.

Lionsgate has a number of clients with operations in Texas, Nevada and Ohio, predominantly in the shale condensate and gas provinces where Empyrean Energy has a key asset.

Commenting today, Lionsgate's Managing Director, Jonathan Charles said: "We look forward to re-establishing Empyrean as a key growth stock among junior oil & gas companies and a "must have" for institutional and private investors. We will also use our specialist oil & gas sector expertise to put in place the fundamental mechanisms of a best-practice approach to communicating with the financial and trade markets."

Commenting today, Empyrean CEO Tom Kelly said: "We are delighted to have appointed Lionsgate, with their extensive North American and UK contacts. Empyrean's market capitalisation is currently less than the read across value of recent sales by other parties of a working interest in the Sugarloaf Project and prospective and existing shareholders can view these developments as positive."

For further information

Empyrean Energy plc 

Tom Kelly

[phone]

Shore Capital                                                         Lionsgate Communications

Anita Ghanekar                                                     Jonathan Charles

Edward Mansfield                                                 [e-mail]

[phone]                                             [phone]

 

END

 

 

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