OFFER FOR EUREKA ENERGY LIMITED BY AURORA OIL&GAS

RNS Number : 3254C

Empyrean Energy PLC

30 April 2012

 

30 April 2012

Empyrean Energy PLC

("Empyrean", "EME" or the "Company"; Ticker (EME))

EMPYREAN NOTES THE UNCONDITIONAL ON-MARKET CASH OFFER FOR EUREKA ENERGY LIMITED (ASX CODE : EKA, "EUREKA") BY AURORA OIL AND GAS LIMITED (ASX CODE : AUT, "AURORA") VALUING EUREKA AT A$107 MILLION.

Aurora launched an on market takeover offer for Eureka today at A$0.45 per share valuing Eureka at A$107 million. Both Aurora and Eureka are partners with Empyrean in the Sugarloaf Project in Texas, USA.

Commenting today, Empyrean CEO Tom Kelly said "The offer by Aurora for Eureka indicates that there is strong interest in Eagle Ford Shale assets in Texas."

For further information, please contact:

Contact:

Empyrean Energy Plc

Tom Kelly                                                                    Tel: [phone]

Shore Capital & Corporate Limited

Anita Ghanekar                                                            Tel: [phone]

Edward Mansfield

 

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